Your government at work
A Price Waterhouse Coopers (PWC) study revealed that the United States has the potential to collect at least $8.7 billion and up to $17.6 billion in the next 10 years if it would tax and regulate online gambling, including poker. And those figures don’t include potential sports wagers.
The study was commissioned by the UC Group, an online payment service provider that currently doesn’t do business with U.S. customers. The UC Group specifically asked PWC to determine how much tax would be generated if two separate bills addressing online gambling in the U.S. were passed: Barney Frank’s H.R. 2046, “Internet Gambling Regulation and Enforcement Act of 2007” (which would regulate and license online gambling in the U.S.) and Jim McDermott’s H.R. 2607, which would impose a 2 percent licensing fee on online gambling companies who want to operate here. Both bills remain in committee.
Instead, however, your government has decided to sign an agreement to pay billions of your tax dollars to countries that allow online gambling for violating WTO agreements. But you can’t get a copy of the agreement because then the terrorists will win.
