lottery tax
Definition
Used to describe the "tax effect" of state lotteries on the people who choose to participate in them. Lotteries have been characterized as "forced wealth redistribution" and as a regressive tax on lower income people due to the fact the states take as much as 50% of lottery income with little chance of any return for the players. Studies have shown that the education money the lotteries raise benefit middle and higher income classes more so than lower income classes.
Related Articles
- "Buy Condor" Stock Option Investment Strategy *
- Creating the Family Budget *
- What International Exchanges Exist For Futures? *
- Securing Financing for the Purchase of your Car *
- Deciding Whether Your Nest Egg is Big Enough *
- Understanding GARP Stock Investing Strategy *
- College Loans Overview *
- Steps to Take to Improve your Credit *
Related Videos
http://www.businessdictionary.com/definition/lottery-tax.html
