The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (245099)	4/21/2010 6:01:17 PM
From: Skeeter Bug	Read Replies (2) of 306849

>>The bill calls for a 6 percent tax on all deposits to be paid to state and tribal governments made by residents of their jurisdiction. For example, if someone living in Missouri puts $1,000 into an online gambling account anywhere in the country, $60 would go to Missouri's state government. Additionally, 2 percent of all deposits would go to the federal government. The congressional Joint Committee on Taxation estimated the bill would generate $30 billion for state and tribal governments and $42 billion for the federal government over the next 10 years.<< how does 6% of X = $30 billion and 2% of X = $42 billion?

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