Here in Illinois any annual gross house win over $250 million per year is
taxed at 70% (The first part is taxed on a sliding scale up to 35% - The
Elgin riverboat in total pays just barely less than 50% of their win in
addition to the admission tax which they eat rather than charge the players
for.). A couple of the houses have gone to charging $5 admission(The
casinos pay $5 per admission too whether they charge for it or not.). One
house also charges an extra $25 ($45 on weekends) if you want to play table
poker!
[Original Message]
From: Rasti$ P. Rulz <vpvegas@charter.net>
To: <vpFREE_Shreveport@yahoogroups.com>; <CoolerPoker@yahoogroups.com>;
Date: 4/25/2004 10:15:36 AM
Subject: [vpFREE] Texas to Tax Morons to Fund Education ???
Not only would the expected returns from the Texas VLTs be below 95%,
published reports indicate that the state hopes to set the gross gaming tax
at a whopping 50%. That is not a misprint, Texas wants FIFTY percent of
the gross gaming revenue generated by VLTs. The gross gaming tax in Nevada
is currently 6.25%. and Louisiana is 21.5%.
It appears that Governor Perry believes that morons should shoulder more
of a burden for the cost of education in Texas. Of course, for this to
happen a state constitutional amendment must pass the legislature and be
approved by the voters of Texas. This may be too tall an order since many
religious groups feel they have an obligation and duty to protect their
moron members from themselves. These groups are lobbying hard to prevent
the passage of this moron tax and are expected to prevail for the short
term, if not for the long term. Don't worry morons, your day will come
this decade. In the meantime, you can play MEGABUCKS and BINGO to help
educate our youth.
···
Rastis P. Rulz
http://groups.yahoo.com/group/CoolerPoker/
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