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Online Gambling Tax May Be Jackpot for Congress

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When U.S. Representative Jim McDermott went looking for revenue to improve foster care for kids, he said he stumbled on what may turn out to be a jackpot: a tax on Internet gambling.

McDermott is seeking to impose taxes on online poker and other Internet gambling that could bring the federal government as much as $42 billion over 10 years, according to a congressional analysis. States may collect as much as $30 billion, McDermott’s office estimates.

:dirol
Join: 2006/12/07 Messages: 29893
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Manne wrote: When U.S. Representative Jim McDermott went looking for revenue to improve foster care for kids, he said he stumbled on what may turn out to be a jackpot: a tax on Internet gambling.

McDermott is seeking to impose taxes on online poker and other Internet gambling that could bring the federal government as much as $42 billion over 10 years, according to a congressional analysis. States may collect as much as $30 billion, McDermott’s office estimates.

:dirol
You'd think numbers like that would be enough to being more of our elected officials to their senses. With June 1 coming fast, I guess we'll find out soon. . .
Join: 2008/12/20 Messages: 856
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SycoSteve wrote: You'd think numbers like that would be enough to being more of our elected officials to their senses. With June 1 coming fast, I guess we'll find out soon. . .
You'd think numbers like that would be enough to being more of our elected officials to their senses. With June 1 coming fast, I guess we'll find out soon. . .


I guess so
Join: 2006/12/07 Messages: 29893
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Manne wrote: You'd think numbers like that would be enough to being more of our elected officials to their senses. With June 1 coming fast, I guess we'll find out soon. . .


I guess so
When it comes to the gov. taking our money they do move fast. We can only see what they come up with on this.
Join: 2010/03/02 Messages: 79
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Manne wrote: When U.S. Representative Jim McDermott went looking for revenue to improve foster care for kids, he said he stumbled on what may turn out to be a jackpot: a tax on Internet gambling.

McDermott is seeking to impose taxes on online poker and other Internet gambling that could bring the federal government as much as $42 billion over 10 years, according to a congressional analysis. States may collect as much as $30 billion, McDermott’s office estimates.

:dirol
Taxation of Online Poker, Gambling Considered in Congress
Join: 2006/12/07 Messages: 29893
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Manne wrote: When U.S. Representative Jim McDermott went looking for revenue to improve foster care for kids, he said he stumbled on what may turn out to be a jackpot: a tax on Internet gambling.

McDermott is seeking to impose taxes on online poker and other Internet gambling that could bring the federal government as much as $42 billion over 10 years, according to a congressional analysis. States may collect as much as $30 billion, McDermott’s office estimates.

:dirol
It has been almost four years since the United States made online gambling illegal, but that could soon be over as lawmakers look to potentially reverse the decision set forth.

When the lawmakers of the United States outlawed online gambling in 2006, companies that had a huge portion of their client market in America saw their price value of their shares drop way down on the London Stock exchange. No longer could the United States play online poker, table casino games, or bet on sports.

However, that era looks as if it could come to an end, and their is a simple reason for it.

Money.
Join: 2006/12/07 Messages: 29893
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Manne wrote: It has been almost four years since the United States made online gambling illegal, but that could soon be over as lawmakers look to potentially reverse the decision set forth.

When the lawmakers of the United States outlawed online gambling in 2006, companies that had a huge portion of their client market in America saw their price value of their shares drop way down on the London Stock exchange. No longer could the United States play online poker, table casino games, or bet on sports.

However, that era looks as if it could come to an end, and their is a simple reason for it.

Money.
[FONT=Franklin Gothic Medium]No argument there. When it comes to politics every politician since Mr. Smith went to Washington has had his price. Whether that's campaign contributions or what he can get for his state. . .[/FONT]
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