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Powerball: Stupid Tax?

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  • #31
    Originally posted by gribbler View Post
    There's no practical difference between winning $10 million and winning $100 million. People play the lottery because knowing that there's a chance their lives will change for the better makes them feel good. I guess it's a tax on people who have an otherwise bleak future.
    This. The idea that your expected return is actually higher when the jackpot hits 360 million is failing to take into account the fact that for most people, the difference between 100 million and 200 million is the number on your tax return.
    If there is no sound in space, how come you can hear the lasers?
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    • #32
      Originally posted by Colon™ View Post
      You will have more chance of going to prison by breaking into her home into waiting in her bed nude, than when you don't do anything at all.
      FTFY
      If there is no sound in space, how come you can hear the lasers?
      ){ :|:& };:

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      • #33
        What are the taxes on Powerball winnings? 35%? Or are they in a higher bracket?
        <Reverend> IRC is just multiplayer notepad.
        I like your SNOOPY POSTER! - While you Wait quote.

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        • #34
          Originally posted by Colon™ View Post
          Frankly, you don't seem terribly good at understanding odds either.
          Excuse me, try it 175 millions time and then let us know.
          It's almost as if all his overconfident, absolutist assertions were spoonfed to him by a trusted website or subreddit. Sheeple
          RIP Tony Bogey & Baron O

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          • #35
            Originally posted by rah View Post
            Excuse me, try it 175 millions time and then let us know.
            And you try the lottery 175 million times as well and let us know.
            DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.

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            • #36
              There is a difference between long odds and impossible.
              At least winning the lottery is quantifiable.
              Your examples not as much. That's the only point I was trying to make. We can disagree on what we believe is impossible.
              It's almost as if all his overconfident, absolutist assertions were spoonfed to him by a trusted website or subreddit. Sheeple
              RIP Tony Bogey & Baron O

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              • #37
                Apparently Rah doesn't understand math.

                Ticket is 1.00

                Average winnings/ticket = 70 cents.

                That's worse odds than a casino with win margins in the 80s and 90s.
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                "Remember the night we broke the windows in this old house? This is what I wished for..."
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                • #38
                  The point that was trying to make that in line with Japher's reasoning, the odds are better than why don't try at all. Naturally, as HC so ingeniously pointed out, you're far more likely to end up in prison. As you are far more likely to waste money by playing the lottery.
                  DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.

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                  • #39
                    Originally posted by Ben Kenobi View Post
                    I'd be all for it provided it was Jag managing it.
                    Yes, Ben. We all know that you want to **** Jag.
                    “As a lifelong member of the Columbia Business School community, I adhere to the principles of truth, integrity, and respect. I will not lie, cheat, steal, or tolerate those who do.”
                    "Capitalism ho!"

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                    • #40
                      Originally posted by gribbler View Post
                      There's no practical difference between winning $10 million and winning $100 million.
                      Sure there is.

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                      • #41
                        As I believe Clarke put it, "any sufficiently long odds are indistinguishable from OMG you're just wasting your money you ****stick."

                        Or something like that.
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                        • #42
                          I think of the lotto as "lightning insurance." Pay me a two-buck premium daily and, if you get zapped one day, you'll win [x]. You can discontinue coverage at any time, and pick it back up without penalty. But if you miss a single payment you get zilch for getting struck on that day.

                          There's really not much X could be that makes lightning insurance a non-idiotic idea. Especially not if you're the sort of working-class schlep who typically plays the lottery. All those two-buck tickets could have been spent on improving your life or, barring that, buying you more crappy fast food or cigarettes or something else noxious that you'll actually enjoy.
                          1011 1100
                          Pyrebound--a free online serial fantasy novel

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