Casinos and taxes: what issue 6 really means

Casino and Taxes

What issue six really means

     Issue 6 is a proposal on the November ballot that would change the Ohio Constitution to allow a $600 million, 94-acre casino resort off Interstate 71 near Wilmington, northeast of Cincinnati. It authorizesor or reserves that specific casino only. According to this amendment, this casino would have to be taxed up to 30 percent of its gambling revenue. That tax money pays for government regulation and gambling treatment programs. Proponents say the casino, could gross or income $800 million a year, meaning an extra $240 million for close government budgets. But here's the tricky, sticky point that opponents call a "loophole": Should another casino open in Ohio, the amendment calls for the Wilmington casino to pay less in taxes. It would lower the rate either to 25 percent or a rate less than the newcomer's whichever is less.
Links: http://blog.cleveland.com/openers/2008/10/casinos_and_taxes_what_issue_6.html  http://www.youtube.com/watch?v=LChoosdcYl8

 

     

Bureaucracy: Under Obama the bureaucracy feeps growing and growing

Bureaucracy

Under Obama the bureaucracy feeps growing and growing

          After President Obama took office in 2008, federal employee growth was rapid by at least 25,000 in just nine months. It is probably more rapid on the hiring since then have been hired  These jobs represent salaries and benefits that taxpayers must support year after year. Now in a new report from the IRS it's revealed that the new healthcare law will require new IRS auditors. This willl bring several bureaucratic jobs.  1,054 new auditors and staffers will be brought to the U.S. statistically speaking and new facilities bringing a total cost to taxpayers of more than $359 million in fiscal 2012 just to watch over the initial implementation of President Obama's healthcare reforms. Among the new corps will be 81 workers assigned to make sure tanning salons pay a new 10 percent excise tax. Their cost is $11.5 million. Obama increasing bureaucracy is bringing jobs in America but this is creating taxes on the people.

Link:

http://www.norcalblogs.com/post_scripts/2011/02/obamas-bureaucracy-just-g.html

http://www.cartoonstock.com/newscartoons/directory/b/bureaucracy.asp