#6
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Re: How many Representatives are for or against Online Gambling?
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[ QUOTE ] [ QUOTE ] [ QUOTE ] In the case of online gambling I would expect the dems to be more opposed though, because they are more inclined to want to "protect you from yourself". [/ QUOTE ] But arent repubs more on the "its a sin" side? [/ QUOTE ] I think a lot of support for this is more of a "we can't get much in taxes from this so let's wrap our thuggery in the moral and nanny blankets". Plus I'm sure there's pressure from b & m casinos to get rid of some competition of theirs. [/ QUOTE ] Why do you suggest the tax revenues wouldnt be significant? California Indian Casinos alone, with a volume that is miniscule compared to current online gambling (much less where the volume would go if the taint of illegality were removed), generate 120 million a year in revenues to Ca. Two Connecticut casinos generate over 300 million in "fess" a year. Tax revenues from online sites alone would generate on the order of a trillion a year in taxes. On top of that, with the cooperation of the online sites, documenting the winnings of gamblers for personal income taxation would be trivial. The numbers are so big I find it hard to believe they havent pushed to get their hands on them years ago. [/ QUOTE ] But how does the US government tax corporations that are based outside the US? |
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