I really don't care what you call it or how you try to spin it.
A tax is a tax.
Just because you put the word in quotes ("The 25% "tax"
on slot revenues in Connecticut - is not a tax....") does not
make it any less of a tax(*).
For all intents and purposes relating you your quote ("Indian
casinos can comp more they don't pay taxes"), the amounts
paid to states by Indian casinos are taxes.
You can call these payments to the state anything you want.
But, a tax is a tax is a tax....is a tax.
Your statement was inaccurate. Highly.
Curtis
(*)From the American Heritage Dictionary:
Tax (tâks) noun
A contribution for the support of a government required of
persons, groups, or businesses within the domain of that
government.
On 1/29/08, caplatinum <belairgold@...> wrote:
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]
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