Internet Gambling: Allow, Regulate, and Tax
Two new bills on Internet gambling were introduced yesterday.
H.R. 2267 would provide for the licensing of Internet gambling, provide for consumer protections on the Internet, and “enforce the tax code.”
H.R. 2268 would amend the Internal Revenue Code of 1986 to regulate and tax Internet gambling.
Once the bill text is available, we’ll be able to see the similarities and differences between the two bills. It’s up to you to decide if either or both are a good idea.
And here are the current votes on the two bills. Click to vote, comment, learn more, or edit the wiki articles about the bills.
R Stanford
I believe that winnings from either casino gambling or lottery tickets should be taxed ONLY IF one can claim their losses in tax relief.