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.

Question

Mathematics

Merlin

Today, 09:59

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.

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Answers (2)

Know the Answer?

Shiloh Long · Answer 1

the answer would be B. Gambling generates state taxes.

Jordon Allison · Answer 2

B. Gambling generates state taxes.

Step-by-step 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.