The wrong people are gambling on the wrong things. And the tax burden on the gambles are falling in the wrong places.
This week the ACT Budget increased the amount of tax on gambling. It will now raise put on some extra gambling taxes. Gambling taxes will rise to $54.8 million, or 9.8 per cent of ACT taxes, up from 9.2 per cent.
Forget the absurdity of the Budget at the same time allotting $0.5 million to research the social costs of gambling. We know; they are shocking. Gambling taxes will raise double the amount raised by land tax.
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