Foxwoods and Mohegan Sun in CT give a gift to the state of CT last year that is almost equal to what all of the Casinos in Nevada paid in taxes to the state.
Last year they donated almost 500M to the state. What a nice bunch of foks and luckey that they don't have to pay any taxes.
Joel
----- Original Message ----
From: caplatinum <belairgold@aol.
To: vpFREE@yahoogroups.
Sent: Tuesday, January 29, 2008 10:48:57 PM
Subject: [vpFREE] Indians Casinos and Taxes (Re: STAY AWAY FROM NEW YORK, NEW YORK)
No highly accurate -first which Indian tribe casino pays federal
corporate income taxes? - none. The 25% "tax" on slot revenues in
Connecticut - is not a tax, it was not imposed by the Connecticut
Legislature - it was a negotiated deal for an Indian monopoly on
casinos in that state. In fact, the key thing that kept Steve Wynn out
of Connecticut years ago was that if they allowed him a casino, the
Indian contribution to the state goes away - that is a contract, not a
tax - because the Indians are soverign, the state has no right to tax
them. In California, there is no uniform forumula for what the Indian
casinos pay, it all depends on what compact they have. In fact, in both
states, it is a function of slot revenue, the Indians pays nothing on
table game win. Contrast that with states like Nevada or New Jersey
where commericial casino pay the gaming tax on both table and slot
revenue and with states with a corporate income tax like NJ or
Michigan, the casino companies pay both the gaming tax and state income
tax
--- In vpFREE@yahoogroups. com, "Curtis Rich" <LGTVegas@.. .> wrote:
>
> Highly inaccurate. Highly.
>
>
> On 1/28/08, caplatinum <belairgold@ ...> wrote:
> >
> > Indian casinos can comp more they don't pay taxes
>
>
> [Non-text portions of this message have been removed]
>
____________
Looking for last minute shopping deals?
Find them fast with Yahoo! Search. http://tools.
[Non-text portions of this message have been removed]
Earn your degree in as few as 2 years - Advance your career with an AS, BS, MS degree - College-Finder.net.
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch format to Traditional
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe
__,_._,___
