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In this paper we will be looking at a state that has a personal income tax, North Carolina and one of the nine states that do not, Florida.
It is a widespread belief that if the lottery were allowed in North Carolina taxes would be cut and more money focused on education costs. However, that is not the case, in article printed in the Fayetteville Observer, 14 October 2007?that the revenue generated from the sale of lotteries would not be enough to complete construction of one half of an elementary school. Of course it has only been in existence for a couple of years and we may not have seen the true profit potential of the lottery...
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