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From the linked article: > ... poor households, with annual take-home incomes under $13,000, on average, spend $645 a year on lottery tickets, which comes to a
by jlgaddis 9y ago
From the linked article:
> ... poor households, with annual take-home incomes under $13,000, on average, spend $645 a year on lottery tickets, which comes to about 9% of their yearly income..
$ echo 13000*.09|bc
1170.00
$645 is ~5% of 13k.
- mikeash 9y agoNote the word "under."
- sl4i6j3o4i98g 9y agoDont forget tax! Try: $ echo "(93250.1)+(13000-9325)0.15"|bc gives tax payments on 13k USD to IRS 1483.75 9% of take home pay is $ echo "(13000-((93250.1)+(13000-9325)0.15))*0.09"|bc 1035 Then there is the additional sales tax at point of sale, which can further reduce buying power. Yes its 135 than your projection, but that might be food for the week.