Question

Which of the following outcomes is not a positive effect for society that comes from gambling? A. Gambling provides jobs. B. Gambling generates state taxes. C. Gambling creates local revenue. D. Gambling acts as a regressive tax.

Answer 1

the answer would be B. Gambling generates state taxes.

Answer 2

B. Gambling generates state taxes.

Explanation:

Incomes from gambling are considered taxable income by the Internal Revenue Service (IRS). So, supposing you win money from gambling, you have to sure that you can afford those taxes, otherwise you would lose, even if you won at gambling.

Basically, income from poker tournaments, casinos, keno, raffles, slot machines, and more, all is taxable.

Therefore, the right answer is B.