Great idea, but too complex since some people are below an income threshold - which means they are not even required to file an annual return with the IRS.
Just make it a ‘straight’ lotto game. You mail $5 per lotto ticket (for as many as you want) to the Federal Lotto Admin. using your SS#. There is one winner a month - the prize is $10million. No taxes!!!
It would raise $billions and cost nothing.
“Just make it a straight lotto game. You mail $5 per lotto ticket (for as many as you want) to the Federal Lotto Admin. using your SS#. There is one winner a month - the prize is $10million. No taxes!!!
It would raise $billions and cost nothing.”