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Old 05-24-2007, 04:59 PM
Richas Richas is offline
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Join Date: Feb 2006
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Default Re: IGREA gains six cosponsors

[ QUOTE ]
Poker has to continue with rakes comparable to or less than B&M, or it will fall on its face (and will return less in tax revenues as a result). Fortunately, it's easy for us. We should vehemently oppose all direct government rakes. Even a small rake will grow over time.

[/ QUOTE ]

I agree online rake has to be below B&M but a government tax take does not mean it will ne higher than now. Look at affiliates. They get a good chunk of the rake either outright or passing it to us as rakeback and taking a slice - they give an idea of the LOW end of the margin hit sites can take and still maintain the current rake.

A small tax is not the death of online poker. (Though I do accept taxing winnings and the sites is a bit harsh).
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