| Posted by: Dead_Baby_Jesus at February 18, 2006, 10:39 pm | | Topic: Internet Gambling Prohibition Act re-introduced Forum: Bonus Whores | Jay wrote: sjguppy wrote: My guess is that this is an attempt to get the online gaming industry to open their books to the IRS. If the industry is at 12 billion a year and growing that adds up to a lot of tax money.
They should legalize it and regulate it. Then you'd have companies operating out of the US and paying US taxes on it. Right now, there are lots of US players, but the govt doesn't see any of the revenue.
(and like most things, note that if you lose money, the govt would get taxes on the company's profit, and if you win money, they tax you.. either way, taxes).
Yeah this is the real reasoning behind it... A select few will tout the Christian values/morality thing just like they do on every other topic when it's convenient to get a large blind percentage of the population to follow them...
But in reality, they are always a smoke screen and PR rally to pass laws and get more money for the system that fosters them. |
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