lowering takeout and cutting taxes

[Breakage]

I love how the LS are all for lowering takeout at the tracks,
as a way to raise handle and ultimately track profits.

But not for lowering tax rates as a means to generate business and bigger profits for the government.



Note to morons,, it is the same thing.

Taxation is the takeout on life.



Bush tax cuts have raised the IRS collections by over 50% in 8 yrs.
Economy only grows at 1-1.5% a yr tops, they collecting 6-7% more annually a year.
Unfortunately liberal scumbag Bush has doubled the gov't expenses as well.

[jballscalls]

Originally Posted by Breakage

I love how the LS are all for lowering takeout at the tracks,
as a way to raise handle and ultimately track profits.

But not for lowering tax rates as a means to generate business and bigger profits for the government.



Note to morons,, it is the same thing.

Taxation is the takeout on life.



Bush tax cuts have raised the IRS collections by over 50% in 8 yrs.
Economy only grows at 1-1.5% a yr tops, they collecting 6-7% more annually a year.
Unfortunately liberal scumbag Bush has doubled the gov't expenses as well.

who are the LS's that are for lowering takeout?

[bigrun]

Originally Posted by jballscalls

who are the LS's that are for lowering takeout?

Don't ask for specifics, you're killing his act.....He doesn't deal in facts, thought you knew that jb......

[alysheba88]

You are missing the obvious here. Perhaps deliberately so.

No one is saying there should be no takeout in horse racing (although I do seem to hear people suggesting there should be little or no taxes on the rich).

I believe they would get much more net revenue if takeout was 10%. I dont necessarily believe that would be the case if takeout was 1%. There is a point it would be a revenue loser. Nowhere near that point now of course.

[Breakage]

One of the slot machine companies concluded 8% was the ideal slot takeout.

So why are income tax rates several multiples of that?

even if the slot company was way off, everyone knows it is not 17% from their racetrack experience,
so it sure as hell isn't a number that starts with a 3.



Who are the LS that are all for lowering the takeout?

look around, every single one of them that posts here.

but somehow there is a disconnect, of how lowering the takeout at the track would be good for all involved,

but lowering taxes which are roughly twice the track takeout doesn't raise revenue,

no! to raise government revenue you have to raise the takeout or taxes.

stupid.





and of course the effects are the same as at the track,
you basically making it more difficult for taleneted people to exert an advantage over lesser talented people,
which really means no matter how much you fukk with the tax code, the same people are going to end up with the same money it is jjust a matter of how long it will take to accumulate it.
all the while that time is being blown by gov't beaurocrats, and in the case of a nation,
that time translates into human innovation.

at the track higher takeout only means it will take more races for skilled player to win the same amount,
at the IRS higher taxes implies the same thing, with the caveat that the winners take their winnings and basically continually regurgitate the money through the economy.

[alysheba88]

Im all for cutting defense spending significantly. If we can do that, then taxes can and should be lower. Can cut significantly and be no less safe. Especially if we wean ourself off Saudi terrorist oil.

[Breakage]

I think it fair to say EVERYONE IS FOR CUTTING ALL TRACK OVERHEAD.


It hasn't happened across the board in my lifetime not ever will,


so may as well raise takeout!





Percent of tax dollar going towards health and welfare has doubled in the last 60yrs,
while the percent of tax dollar going towards military has been cut in half.


I can understand though how you can keep wanting to piss away money on the same loser never worked, never will social programs vs paying US servicemen and US based military manfucturers. Something that has always won and always worked. Makes perfect sense. Esp now that the bottom 60% of earners in this country account for 1% of the budget. Makes perfect and total sense, make sure to keep them per child benefits coming too so as to overwhelm every other social program thereby insuring they grow geometrically as well.

[alysheba88]

The churn in racing much more also. Which is why you cant compare income with racetrack handle. And another reason racetrack takeout should be lower

One year my racetrack handle almost matched my wages

[Breakage]

It is no different, the less the tax the more times the same money is run through the economy and taxed again, again and again.