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The ticket coasts would not be tax decductible - and in the remote
chance you won, you'd get to pay federal & state tax on your winnings (possibly based on list price?). What's left you would get to put down on a house...... I wonder what fraction of the US aircraft are sold as raffle or sweepstakes winners. Somehow, I consider that a real indictment of the value of aircraft. A friend said "lotteries are a tax extracted from those that don't understand or refuse to recognize the laws of probability" |
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