Friday, July 22, 2011

South Dakota Lottery And Corporate Taxes

I found this chart from a David Cay Johnnston Reuters column disconcerting.

It shows that South Dakota is one of 11 states that generates more income from lotteries that corporate taxes.  Given that lotteries take money from those who believe they are poor and are not a stable source of income, this fact seems to be terrible public policy.

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