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IRS gives Fla. Miccosukee Indians $170mil tax bill (Attack on tribe’s “sovereignty?”)
Gaming Today ^
| May 27, 2013
| Ray Poirier
Posted on 05/28/2013 3:40:41 AM PDT by 2ndDivisionVet
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To: 2ndDivisionVet
It’s past time to get rid of the legal fiction of tribal ‘sovereignty’.
21
posted on
05/28/2013 9:10:19 AM PDT
by
zeugma
(Those of us who work for a living are outnumbered by those who vote for a living.)
To: zeugma
Just the opposite - give everyone “sovereignty” and begin a new tax system.
22
posted on
05/28/2013 10:10:36 AM PDT
by
celmak
To: Pontiac
You are correct - the ruling makes no sense.
The current IRS rules require that tribes give all members that receive a portion of casino income a 1099-MISC form. The tribal member reports it as “Tribal Income” on line 20 - Other Income - of the 1040.
The tribal members do not pay FICA or Medicare since this is unearned income.
Casino employees are treated as any other employee, having normal taxes withheld.
Accurate as of the 2012 tax season. Whether we like it or not, this is the rule.
This ruling may be directed at one tribe, but the IRS would make it the ruling for all tribes and their casinos and other businesses.
23
posted on
05/28/2013 10:51:36 AM PDT
by
texas booster
(Join FreeRepublic's Folding@Home team (Team # 36120) Cure Alzheimer's!)
To: The Working Man
It doesnt matter if you personally like Apple or not what theyve done with LEGAL tax avoidance is remarkable. Whats pissed off Washington is that they NEED that money and couldnt find a way to siphon it. You couldn't be more CORRECT in your statement.
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