The argument that increasing the number of casinos in a state will increase overall tax revenue in

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The argument that increasing the number of casinos in a state will increase overall tax revenue in the state is

a. Substantially correct, because they pay substantial taxes.

b. Overstated but still partially correct, because there is tax substitution, but gambling profits are taxed more heavily than other profits.

c. Understated because they pay more taxes than is generally known.

d. Wrong because casino profits are not taxed.

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Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

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Question Posted: Apr 24, 2018 03:19 AM

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The argument that increasing the number of casinos in a state will increase overall tax revenue in

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b Overstated but still partially correct because there is tax substitution but gambling pr...View the full answer

Issues in Economics Today

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