Gaming Tax Study

The city has been discussing how they might be able to make even more money off of the slot machine and gambling industry – simply by raising their taxes. The report states that there are a lot more ways that the city could be benefiting from all of the money that the slot machines are bringing in, and that they need to be explored.

They are talking about possibly taxing lottery tickets, slot machine winnings, or taking a portion of the entry fee at Woodbine racetrack. Each of the ideas would bring in more money for the track, and could be used in conjunction with each other.

The report doesn’t call for anything to happen right away, but they are looking at things to get done. Those that are in favor of the slot machine and gambling tax say that they would like to see it discussed at next week’s meeting.

Some say that an additional tax would be legally and logistically difficult to enforce and implement, but proponents say that this just isn’t true. They say that the report was written in a way so that people would write it off and ignore it, but they are determined to see it come to light.

They say that the amount of money that could come from such a tax is heartening, especially in this day and age when money is so tight. They say that people are going to be more receptive to a slot machine tax than they were to the new vehicle and land transfer taxes that were levied last year.


 

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