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

**boleroman** · 01-11-2006, 04:36 AM

Use your brain Big, think about the legislation that was approved. How does it work? The same legislation could be tweaked to extract taxes based on payments to the same companies. the government would call it a new "transaction fee" and viola, the house (uncle sam) gets a 3-5% rake.

Tweaking would work if the IRS and the Banks would dismiss those basic accounting rules.

01-11-2006, 04:36 AM	#36
boleroman Join Date Oct 2005 Posts 571 Senior Member	Use your brain Big, think about the legislation that was approved. How does it work? The same legislation could be tweaked to extract taxes based on payments to the same companies. the government would call it a new "transaction fee" and viola, the house (uncle sam) gets a 3-5% rake. Tweaking would work if the IRS and the Banks would dismiss those basic accounting rules.
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