Quote:
Originally Posted by dilanesp
I actually believe the precise opposite-- that there should be no income tax on players, at the state or federal level, and instead pools should be taxed.
Taxing pools is more reliable from a collection standpoint, lifts onerous record keeping requirements off of players, and makes $2 bettors who hit a windfall very happy because they get the whole jackpot.
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You are absolutely right. Those pools are not being taxed enough.
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