Poker Poker Poker!: [vpFREE] Indians Casinos and Taxes (Re: STAY AWAY FROM NEW YORK, NEW YORK)

Fine call it a tax - it does not apply to table games and they pay no
federal or state corporate income taxes and some Indian casinos pay
nothing - the 25% is only in CT and lesser amounts in California.

--- In vpFREE@yahoogroups.com, "Curtis Rich" <LGTVegas@...> wrote:
>
> caplatinum,
>
> 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]
>