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

**boleroman** · 01-10-2006, 11:16 PM

You have no idea what you are talking about. I used to work for a credit card company. These types of transactions are extremely simple to track.

BTW, are you online gambler? that would explain alot. Ya know, alot of really stupid idiots gamble, but the worst, most degenerate, hopeless gamblers do it online.

Gambling is the idiots tax system. No I do not. I'm software engineer for a fortune 500 company that gets contracts to design systems for merchants so I DO know what I'm talking about. Transactions are recorded by merchants and fee is involved for each transaction.

Where you've yet to explain yourself is the taxing of internet gambling and how it would be done other than just saying "transactions are tracked". If it was that simple the federal government would already be taxing for online purchases, which it isn't. There are over a thousand internet gambiling sites right now all over the world and your proposal is to put the tax bookkeeping burden on the credit card companies, which requires major coding changes, an internal audit system, accounting procedures to track the locations, how much, where, and provide all this information to the IRS. I won't even get into the credit card company giving your name to the federal government that you've been gambling, unless your proposing some gross amount which doesn't help things for them.

Either way it's a unrealistic idea, mainly that credit card companies wouldn't do tax babysitting for your internet habits as they won't do now.

It's much more than logging a transaction. There's my reply, prove me wrong.

01-10-2006, 11:16 PM	#17
boleroman Join Date Oct 2005 Posts 571 Senior Member	You have no idea what you are talking about. I used to work for a credit card company. These types of transactions are extremely simple to track. BTW, are you online gambler? that would explain alot. Ya know, alot of really stupid idiots gamble, but the worst, most degenerate, hopeless gamblers do it online. Gambling is the idiots tax system. No I do not. I'm software engineer for a fortune 500 company that gets contracts to design systems for merchants so I DO know what I'm talking about. Transactions are recorded by merchants and fee is involved for each transaction. Where you've yet to explain yourself is the taxing of internet gambling and how it would be done other than just saying "transactions are tracked". If it was that simple the federal government would already be taxing for online purchases, which it isn't. There are over a thousand internet gambiling sites right now all over the world and your proposal is to put the tax bookkeeping burden on the credit card companies, which requires major coding changes, an internal audit system, accounting procedures to track the locations, how much, where, and provide all this information to the IRS. I won't even get into the credit card company giving your name to the federal government that you've been gambling, unless your proposing some gross amount which doesn't help things for them. Either way it's a unrealistic idea, mainly that credit card companies wouldn't do tax babysitting for your internet habits as they won't do now. It's much more than logging a transaction. There's my reply, prove me wrong.
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