March 31, 2005
Taxing the Wrong Casino
The dependence of state governments on taxing the gambling addiction of their citizens is just sad. But what's sadder is that the taxes of gambling by the poor now account for a larger share of revenue than corporate taxes.
Gambling has expanded in the states even as state corporate income taxes have declined radically in the last decade or so, as documented by Citizens for Tax Justice:
De facto we have seen a shift from funding state government with taxes on wealthy shareholders to encouraging gambling by working families as a budgetary solution.
Posted by Nathan at March 31, 2005 07:35 AM