Sheba,Originally Posted by Sheba
This article is from almost two years ago and is about children playing the lottery. Lotteries make a profit, so therefore they should be held accountable for paying taxes. We are talking about a game of cards that, while yes there is a $30 buy-in, the house makes absolutely no profit from as it pays out 100%. Since there is no profit, there would be no receipt.
So to sum up your point. The Accountant General is to get 15% of the gross receipt. 15% of $0 is $0. Quit wasting our time please.
