Originally Posted by
Bob21
Originally Posted by
redietz
Well, ring the bell -- Argentino and I see eye to eye on another topic.
Yeah, there are some strange -- and wrong -- assertions here. Kind of makes one wonder why somebody starts a thread when they don't know anything about half the casinos in this country.
In many ways, tribal casinos are a way for Native Americans to collect their own reparations from the mathematically challenged American tourist population.
So you’re saying Indian casinos pay no local or state taxes? Maybe it’s not called taxes but they pay something to the state and local entities for the right to operate their casinos. I think you’re right, it’s called something else, but it’s still revenue going to local governments. If you’re going to make such an accusation, please support it with some references.
I’m shocked at how little APs know about the casino industry. It looks like they get most of their information from word of mouth and speculation. Do some research and you might be surprised at what you find.
I'm no AP, at least in the marginalized sense of the word. But while you're requesting supporting info on the facts I laid out, it'd be nice if you first produce evidence of your initial assertions. I know there will be none because it's all just a click away on the internet. You should have listened to redietz.
And I'll even clip your wings a little more before you try to proclaim that those who win in casinos are big time taxpayers. First, most people lose, and the vast majority of those who receive W2G's incur overall more losses than they win. But let's stick with the "winners" for now, shall we?
We'll first use kew as an example. The character he's created wins every year playing bj. Let's say he claimed a net income of $88,000 in 2018. He's likely received zero W2G's. Now it doesn't take an MBA like me to ascertain that he'd have to be the absolute dumbest bazooka to come down the gambling pike not to have also claimed $88,000 in losses--IF he files a tax return. No AP gambler looks for ways to pay taxes.
Next we'll shift gears to mickeycrimm. The character HE'S created on the internet claims to beat up casinos to the tune of $100,000+ every year! He also claims to rarely, if ever, receive W2G's, because he's a low level player. Now, should he be an avid filer of tax returns, do you actually believe he would not deduct losses equal to his winnings, or do you think he would truthfully report his net winnings so he could happily cut a check for $21,000 to the IRS on April 15th?
Wise up.