View Single Post
  #11  
Old 11-25-2007, 02:52 AM
KEW KEW is offline
Senior Member
 
Join Date: Sep 2005
Posts: 1,883
Default Re: Regulating online poker and sites by \"taxing\" the rake?

Three problems..

1..IRS will never do away with income taxes on gambling winning..If if they taxes every pot...Income taxes will still be paid by the winners..Plus your scheme ignores FICA taxes to "Pros"..

2..Sites will not be willing to cut there rake in half..This also infer the 2.5% would be on behalf of the players the sites would still be responsible for normal corporate profit taxes..Nor will foreign sites be willing to go along with it..

3..A uncapped 2.5% would bankrupt the games...That's 2.5% of EVERY pot leaving the game..At an avg of 60 hands per hours what's left in front of the players..This does not even take into consideration the "normal" house rake...
Reply With Quote