Twenty-three year old rancher from Pierre SD will only take home $88.5 million in a lump sum payment after taxes are deducted from the "$232.1M" WINNINGS.
That is absolutely WRONG...WRONG...WRONG... and the FairTax would make this FAIR! He would receive his ENTIRE winnings of $232.1Million under the FairTax legislation!
This is another point we need to start bringing home. HEY ALL YOU LOTTERY PLAYERS OUT THERE.....bet me that the lottery playing migh increase a tad, but if not at least the winners won't have their winnings syphoned off before their first payment!
This was an article in our paper today and thought it ought to be made known!! When we EDUCATE others as well as when we write letters to the editor!!!
If this wouldn't make you passionate for this legislation what would?