DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Congress approves Internet gambling ban bill

**boleroman** · 01-10-2006, 08:45 PM

easy - all transactions that are generated from a US citizens should be taxable. Most of the dummies who gamble online are using credit cards from US banks anyway. Track it and make 'em pay.

You're asking credit card companies to spend money to audit every single transaction, sort them based on charges generated inside the US, verify it's a gambling company, and then tax the transaction and pay the IRS the amount for each individual. So if I go gamble the credit card company has to know what the transaction is for....forget it because its so unrealistic anyway. Credit card companies are not going to spend millions and hire a army of coder's trying to keep up with this in their accounting system not even mentioning the millions lost in fraud from these businesses.

01-10-2006, 08:45 PM	#12
boleroman Join Date Oct 2005 Posts 571 Senior Member	easy - all transactions that are generated from a US citizens should be taxable. Most of the dummies who gamble online are using credit cards from US banks anyway. Track it and make 'em pay. You're asking credit card companies to spend money to audit every single transaction, sort them based on charges generated inside the US, verify it's a gambling company, and then tax the transaction and pay the IRS the amount for each individual. So if I go gamble the credit card company has to know what the transaction is for....forget it because its so unrealistic anyway. Credit card companies are not going to spend millions and hire a army of coder's trying to keep up with this in their accounting system not even mentioning the millions lost in fraud from these businesses.
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