Thursday, February 09, 2012

Will the State of Ohio really allow casino revenue to cover taxes?

I keep hearing the argument that casino revenue will cover the income, sales and property taxes for everyone in the State of Ohio. Does anyone seriously believe this will be the case? Why would the government keep taxes the same and take advantage of the extra income?
I meant to say ‘Why WOULDN’T the government keep taxes the same and take advantage of the additional income?

Taxman In The Casino: The Truth About Taxes And Our Economy


A fact-based look at what the alternative tax plans of Barack Obama and John mccain will do to our economy. A little common sense is all that is required to make your choice! Common sense, however, seems to be a rare commodity these days… Obama Bombshell Redistribution of Wealth Audio Uncovered

What are the tax implications of winning online poker?

online poker

If I were to win say, $100,000 playing online poker, I know the government wants to tax me on that. What happens if I don’t withdraw the money from my account? Do I pay taxes on it? What if I withraw just a little bit at a time over several years, do I have to report it?
I am in the U.S (Virginia), by the way.