Buy a lotto ticket and half goes to the government. You win the other half but then the government takes half of your winnings. In the end the gov get 3/4’s of the money. Not counting when you buy something that has a tax the gov gets another 10%! lol
Like everyone usually says, “Lotteries are for people who are bad at math”! lol
Well, in Texas only 37% goes to the Feds. No State Tax.
But you're right if you live in New York, with a 10.9% State Tax.
47.9% GONE.
No, the government takes about 45% total in most states or less, not 75%.