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Re: How much Tax Revenue if it was legal?
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I was screwing around with excel. And even if they came up with a tax% on the rake only...... At a 4% tax on an avg rake of $1.00 for 5 billion hands comes to approx. $222,000,000.00... Now of course it would probably come down to a % of the pot. Since more hands are played at smaller stakes the higher stakes.... If the avg pot over 5 billion hands was $3.00 Tax at 1% would be $166,000,000.00, 3% $500,000,000.00 There is definitely money to be made... And this is for ring game play only...... [/ QUOTE ] Would the whole rake be taxed when a large portion is paid back to affiliates. Just wondering. I have no clue about taxes. |
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