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Casinos, Racing Have Sweet Deals

January 18, 2014

Times still are tough for quite a few businesses and industries in West Virginia....

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(10)

BrianW

Jan-19-14 8:08 PM

The length limit screwed up my last point. I was just pointing out the larger than usual tax percentages. These are paid on all money bet, not just profit. They are taxed again on profit but these high percentages are an additional tax on revenue, which is in addition to typical business taxes. The so-called refunds and subsidies are nothing more than the state excessively taxing and giving a portion back to ensure the state continues to bring in huge tax revenue from racinos, to lessen the tax burden on typical businesses and individual tax payers.

The article is written to imply the greed of these businesses, but if not for state tax greed in the beginning then some of the additional tax money they are charged by the high tax percentages, not on just profit but every dollar bet, might not have to be returned to keep the state tax money generated so high.

The state tax payers, that benefit from lesser taxes themselves because of this additional tax revenue, have a sweet deal.

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BrianW

Jan-19-14 7:40 PM

So this writer is saying the people had no say other than to have their elected officials come up with a plan, which just so happens to bring huge amounts of tax money to the state, which the elected officials followed up by taking to each individual voter of the county for a yes or no vote? Welcome to America, you poor thing.

It was written that people had no say, but the writer follows that statement by writing something along the lines of... although the voters of the counties they are in got a yes or no vote. That makes as much sense as me saying, "my neighbors have no children, although they have 3 children".

I'll assume the rest of the article is equally ignorant. Perhaps the writer would prefer to put them out of business and cause taxes for other businesses and individuals of the state to increase.

Don't be mislead. The state is profiting, not financing. The tax rates paid very high, allowing so-called "rebates" and "subsidies", and still allo

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legal6

Jan-18-14 10:06 PM

And for you to imply that gambling interests will be going to the legislature for help is laughable. You're the same guy that last year, front paged that we should waive the million dollar table gaming fee to help the casino. Laughable.

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legal6

Jan-18-14 10:03 PM

What a shame that we live in a world where the 5th estate is allowed to lie so blatantly. There was a time when the media felt a responsibility to tell the truth. The regular attack on racing by Myers is beyond reproach. Casinos were voted on. Racing purses come 100% from gamblers. There are zero subsidies. The taxpayers pay zero. On and on and on. Nice to see you've finally roped in the casino owners. The guys who pay some of the highest taxes and fees in the world. Not to mention that WV has gotten more money from gambling than any other entity after personal income taxes. Sad, sad day for news. Makes MSNBC look like Mother Teresa.

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VincentVega

Jan-18-14 8:24 PM

TAKE HEED FROM TWAIN! Poor grammar & no concept of the legislative process! "It is better to keep your mouth closed an let people think you're a fool, than to open it and remove all doubts."

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dyingov

Jan-18-14 4:59 PM

vincy, Go tell your buddy Kessler! The Senate President has 100% control of bills that will be voted on or not voted on! Good luck!

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VincentVega

Jan-18-14 3:47 PM

ONE OF THE GREATEST SCAMS IN THE HISTORY OF THE STATE OF WEST VIRGINIA

Legislators must quit trying to sell the "snake oil" that giving away millions of dollars to dog owners to improve the quality of racing dogs, somehow generates good for the taxpayers of West Virginia! Ninety percent of the Dog Kennel owners at Wheeling Island have relocated to Wheeling from a distant state and many maintain double residencies only to comply with the flawed requirements of the Racing Commission. They have taken millions and most paid little or no taxes, having taken advantage of the broad and almost limitless tax write-offs they exploit.

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dyingov

Jan-18-14 11:07 AM

So you elected Tomblin to the gobernor spot! His family receives $250,000+ per year for breeding! Enjoy the bed you made.

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mikeyd

Jan-18-14 9:35 AM

the rich will take care of the rich.

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VincentVega

Jan-18-14 12:39 AM

GREED IS NOT ENOUGH!

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