Bill Lifting US Online Gambling Ban Seen Raising $42B In Rev

[BingoT]

Bill Lifting US Online Gambling Ban Seen Raising $42B In Rev
WASHINGTON (Dow Jones)--A measure decriminalizing many forms of Internet gambling would raise nearly $42 billion for the U.S. Treasury over the next decade, according to an analysis conducted by a non-partisan congressional scorekeeper.

The Joint Committee on Taxation said that after reviewing legislation that would lift an online gambling ban, it concluded the move would generate $41.8 billion over 10 years
By Corey Boles

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[Auditor]

Prohibition hasn't worked, might as well tax it. Or they can keep the ban in place and get nothing.

 

[ANDE52181]

Bill Lifting US Online Gambling Ban Seen Raising $42B In Rev
WASHINGTON (Dow Jones)--A measure decriminalizing many forms of Internet gambling would raise nearly $42 billion for the U.S. Treasury over the next decade, according to an analysis conducted by a non-partisan congressional scorekeeper.

The Joint Committee on Taxation said that after reviewing legislation that would lift an online gambling ban, it concluded the move would generate $41.8 billion over 10 years
By Corey Boles

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The sad thing is that while $42 billion over ten years is not chump change, it isn't nearly 5% of the total amount of debt this country will be in by the middle of next year!

 

[felicie]

Which brings us back to the real problem..............don't ask me I'm doing good to get my checks/debits balanced every month.

 

[ANDE52181]

Which brings us back to the real problem..............don't ask me I'm doing good to get my checks/debits balanced every month.

Being an Accountant, this is always something I like to hear!

Unless it is sarcasm. Which if it is than...