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Tax on Kentucky Lottery tickets no longer being considered

Topic closed. 16 replies. Last post 4 years ago by helpmewin.

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Kentucky
United States
Member #32652
February 14, 2006
7295 Posts
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Posted: February 26, 2013, 10:40 pm - IP Logged

"Instead, Stumbo said lawmakers will unveil legislation on Tuesday that will call for the lottery to create new games, including Keno, that could generate about $25 million for the pension system.  He said the legislation would also call for tax revenue from slot-like machines, called Instant Racing machines, at horse tracks to be designated for pensions."

"He said that could eventually net $100 million a year for pensions, if the Supreme Court approves."

Their goal from the beginning was to get slot machines into the race tracks. but they'll never even see the $49 million a year they projected from sales tax on lottery tickets. Maybe one of these years they will actually stumbo onto a way to fund the pensions.

    helpmewin's avatar - dandy
    u$a
    United States
    Member #106665
    February 22, 2011
    19743 Posts
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    Posted: February 27, 2013, 1:19 am - IP Logged

    Because taxes are hidden in the price per gallon, no one ever notices how high those taxes really are.

    i never know the price of gas i just put the card in and it gives me gas.

    pay @ PUMP is much easier...Hyper

    Let it Snow Snowman