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wufwugy
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03-13-2009, 10:37 PM
Post subject: raymer on fox
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#1 (permalink)
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4-of-a-Kind
Join Date: May 2006
Posts: 1,660
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http://www.examiner.com/x-1607-Bosto...s-online-poker
digg this shit
http://digg.com/other_sports/Greg_Ra..._online_poker#
also ive never watched fox business network before, is it par for the course for them to speak of somebody like barney frank positively, or is this a recent development?
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a500lbgorilla
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JESUS TAKE THE KEYBOARD
Join Date: Sep 2004
Location: This room is a good place to be
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all they care about is their precious money!
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Smithers, use the amnesia ray.
You mean the revolver, sir?
Precisely.
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Jack Sawyer
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4-of-a-Kind
Join Date: Jan 2007
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people are romanticizing online poker beyond what it is. Online poker alone will not "jumpstart", "revive", THE economy as a whole. Its a niche product.
I certainly do not like the idea of the extra rake if you want it regulated and taxed though.
"Oh you should pay taxes!" Not on gambling, GFY. You do pay indirect taxes as you apport to the economy anyway, like when buying things and shit.
legalize it but not tax the individual..
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My dream... is to fly... over the rainbow... so high...
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wufwugy
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4-of-a-Kind
Join Date: May 2006
Posts: 1,660
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yes, the economic point is embellished, but it is still a good point
no, rake will not increase due to regulation. rake is a product of business, not of regulation; if vegas casinos get in on it and up the rake for whatever non-reason they would have other than taking home more money then we would all still play on stars and ftp where rake would be the same
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Jack Sawyer
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4-of-a-Kind
Join Date: Jan 2007
Location: Old School
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dude, its a saying.
if taxed, you can and should consider tax as additional rake, since it will cut in your winrate and is unavoidable (just much, much, much more dramatically).
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My dream... is to fly... over the rainbow... so high...
Quote:
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VHS is like a book and a book is like a stack of kindles.
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Hey, I'm in a movie!
http://youtu.be/lGdnIrRKDTI
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wufwugy
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4-of-a-Kind
Join Date: May 2006
Posts: 1,660
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what additional tax will reach the consumer?
the 'taxation' part of regulation is in having US companies and taxing them while having regulation in place that provokes US consumers to pay the taxes they already owe as well as increasing US consumer activity in the first place. the only way we will see ourselves paying more in taxes is if the IRS adds clauses to increase tax on online poker winnings
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drmcboy
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DrButtInski
Administrator
Join Date: Aug 2004
Posts: 9,602
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we pay taxes already.
and the 1000 sites that will spring up will hopefully lead to lower rake.
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always2away
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Join Date: Sep 2007
Posts: 17
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Be careful what you wish for...
For a while now (since the advent of UIGEA) I have been questioning the real motives behind the "ban". My contention has been that the USG hates competition for your hard earned money and that the notion that they are trying to protect us from ourselves is a little naive.
Lo and behold, the only solution that is getting any play in congress is a bill designed to introduce REGULATION and TAXATION to this PRIVATE BUSINESS being conducted between you and a poker room.
And for you critics who claim the interference will only take place against the poker room. Do you really believe that the taxes will not reach into your pocket eventually (perhaps as increased rake or a separate "hidden" tax-rake or even a direct tax) or that the regulations cannot include the why, when, where, what, and how YOU can play?
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bode
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Straight Flush
Join Date: May 2006
Location: slow motion
Posts: 4,270
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Quote:
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Originally Posted by always2away
Be careful what you wish for...
For a while now (since the advent of UIGEA) I have been questioning the real motives behind the "ban". My contention has been that the USG hates competition for your hard earned money and that the notion that they are trying to protect us from ourselves is a little naive.
Lo and behold, the only solution that is getting any play in congress is a bill designed to introduce REGULATION and TAXATION to this PRIVATE BUSINESS being conducted between you and a poker room.
And for you critics who claim the interference will only take place against the poker room. Do you really believe that the taxes will not reach into your pocket eventually (perhaps as increased rake or a separate "hidden" tax-rake or even a direct tax) or that the regulations cannot include the why, when, where, what, and how YOU can play?
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wat? if rake increases, move sites. like drmc said, more sites will lead to lower rake, not higher. pretty sure if there is a "hidden" tax rake, some 2p2 railbird will sniff it out within hours of its start, so not real worried about that. and note to US players (and most other countries), YOU SHOULD BE PAYING TAXES ALREADY!!
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eeevees are not monies yet...they are like baby monies.
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Jack Sawyer
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4-of-a-Kind
Join Date: Jan 2007
Location: Old School
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Quote:
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Originally Posted by bode
and note to US players (and most other countries), YOU SHOULD BE PAYING TAXES ALREADY!!
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DIAGF
in my country we do not pay taxes on any gambling activities, and its fine like that.
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My dream... is to fly... over the rainbow... so high...
Quote:
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VHS is like a book and a book is like a stack of kindles.
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Hey, I'm in a movie!
http://youtu.be/lGdnIrRKDTI
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Parasurama
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Full House
Join Date: Nov 2008
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Quote:
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Originally Posted by Jack Sawyer
Quote:
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Originally Posted by bode
and note to US players (and most other countries), YOU SHOULD BE PAYING TAXES ALREADY!!
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DIAGF
in my country we do not pay taxes on any gambling activities, and its fine like that. |
Yeah, they're not saying that it shouldn't be like that. But in the US we already pay taxes on online poker winnings so it becoming legalized and regulated in the US would not generate an additional tax/cost on US players UNLESS the US govt taxed poker sites who responded by increasing rake OR the tax on online gambling winnings was increased.
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Jack Sawyer
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4-of-a-Kind
Join Date: Jan 2007
Location: Old School
Posts: 2,535
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Quote:
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Originally Posted by Parasurama
UNLESS the US govt taxed poker sites who responded by increasing rake OR the tax on online gambling winnings was increased.
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Sensible question(s): can a government tax a foreign company at whim? It would equate to a government (say, the French Government) taxing a foreign company (say, a Vanuatu bank), because some of its customers belong to said governments country?
Where is the line drawn? Can an international court with no conflicts of interest deem that a country can do just this?
For instance, say I order clothing from eastbay.com. Can my government decide that eastbay should be taxed HERE (too) because it does business with me? Is that not grounds for all sorts of international GFY?
If it does indeed go thorugh, what will happen once the precedent is set and every other country involved decides to tax the hell out of the poker sites?
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My dream... is to fly... over the rainbow... so high...
Quote:
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VHS is like a book and a book is like a stack of kindles.
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Hey, I'm in a movie!
http://youtu.be/lGdnIrRKDTI
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Parasurama
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Full House
Join Date: Nov 2008
Location: DMT
Posts: 820
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Good questions, I really have no knowledge of trade law but I think it's probably legitimate that a country allowing a foreign business to conduct operations within its borders can tax that business at least to the extent domestic businesses are taxed.
Obviously the lack of concrete goods/services being moved across a concrete border would present a problem for taxation efforts.
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triumphant cracker
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Straight
Join Date: Aug 2008
Location: IN A VAN DOWN BY THE RIVER!!!!
Posts: 184
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Quote:
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Originally Posted by bode
and note to US players (and most other countries), YOU SHOULD BE PAYING TAXES ALREADY!!
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why the fuck should we paying taxes on it?...dont we fuckin pay enough on everyfuckinthingelse?
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bode
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Straight Flush
Join Date: May 2006
Location: slow motion
Posts: 4,270
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god damn, do you guys think im PRO taxes or something? Its something we are, by law, required to pay taxes on. I'm sure there are plenty of poker players that aren't paying taxes, but for me personally it is +EV to do so.
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eeevees are not monies yet...they are like baby monies.
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boost
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Full House
Join Date: Mar 2005
Location: Chicago
Posts: 706
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raymer did a good job imo.
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will641
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4-of-a-Kind
Join Date: Aug 2007
Location: getting my swell on
Posts: 1,610
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too much side jib jab about taxes in the thread. i agree, raymer dun good.
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Cash Rules Everything Around Me.
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Purple_Pwner
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Join Date: May 2009
Location: Canada
Posts: 13
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Never really been a fan of greg but ty for posting.. found it quite interesting.. We all pay enough damn taxes already though. If you're in a tax free country, I hate you!
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givememyleg
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WHO YA GONNA CALL?!??
Administrator
Join Date: Nov 2005
Location: ISHPERMING MISHIGEN
Posts: 5,042
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I need a driver for my phillips snn6500 wireless netcard
or smc2632 wireless net card
I can`t make them run on linpus linux lite
please help
regards
Diamydayjesia
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kingnat
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Full House
Join Date: Jun 2005
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It tilts me that the commentators primarily use the word "gambling"... and Raymer primarily uses "poker"... and there is not recognition of the disconnect...
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So you click their picture and then you get their money?
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05-26-2012, 03:08 PM Australia Legalized Online Poker coming up in next 6 to 12 Months
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