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Speaking of lotteries

So, stories like this make me wonder if Tennessee municipalities are pondering taxing the winnings from the recently established (today) lottery.

2 Responses to “Speaking of lotteries”

  1. Easycure Says:

    It won’t be long, assuredly. The big cities will go first.

  2. CJ Says:

    The lottery winnings already face a tax. A winning above $600 is subject to a 6% “privilege” tax. That revenue goes to the state, will likely raise millions of dollars, and it is not subject to the same constitutional restrictions that other lottery revenue is subject to.

    In other words, lawmakers have a slush fund 🙂

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