Are You Tax Efficient With Your Gambling Habbits?

[South Park]

But that is precisely the issue, we are taxed on almost every single transaction that we do and for every dollar we make, so in the eyes of the governments why make an exception for something like gambling? Still even if in your country tax authorities are not very effective, if you earn a high amount of money through gambling then I would say that it is better for you to pay whatever tax you are due and simply forget about it, if not then you should not be surprised if they eventually come to you to get their due payment.

There is one thing that people usually say in my locality: "They say the government always comes for the big fish; they don't waste their hook on small fish in the river; they allow them to grow bigger so that they can also achieve bigger flesh."
 
This is the same thing that happens with regulators. One might think they have been able to outsmart the system by avoiding tax, but the government might have seen what you ate doing, but looking at the amount involved, they might decide to play a blind eye on it, just waiting for the right time to hit you big, and that right time is when you have either won a big amount from that same thing you refuse to pay tax for or when you have made a big name for yourself and they realise you are equal to whatever you will be sanctioned to pay.
 
So sometimes I just think that it's better for us to pay out our tax on time if necessary without waiting for them to send notice, although here in my country I believe our tax is added to almost all spending that we do, so I don't even think we can withdraw our big winnings without the casino taking off the tax themselves.

And there is an example of this with bitcoin, when bitcoin was small governments did not really cared too much about it and just let it to its own devices, but once bitcoin became big enough and casinos, exchanges and some users began to generate huge profits with it, that is when the governments around the world came to this market and now they are trying to regulate it completely, and while they are using the excuse of criminals using bitcoin, I can assure you they are more interested in the taxes they can generate out of this market more than anything.

[l3pox]

I don't do this at all, and beside, I don't think we have an effective tax system here in my country, and as such, there is no one to come after you, if you report your gambling winnings or losses to the tax authorities; It's just between you and yourself.
 
Und even if our tax system is effective, it won't get to the gambling section, as the casinos are already paying heavily to the government to maintain their licence and their either annually or monthly tax payable, so gamblers will have little to worry about in regard to that.
 
But who will even want to give a penny back to their government in the form of tax for gambling winnings when they literally pay tax on all their expenses? At least gambling profits could be an exception.

I don't think anyone "enjoys" paying taxes, but people have different opinions and preferences regarding its importance and how fair it is to pay.

it's a common situation to see the government with not enough people to fiscalize tax payers and check what is being paid and what isn't.
many variables on this.

Who would love to pay taxes? If it weren't a crime not to pay taxes, then I doubt people would be diligent in filing their income tax returns. Every country has its own way of tax implementation; developed countries probably have more strict monitoring on tax compliance, so they are able to collect based on their expectations. In less developed and corrupt countries, the government may be lax in its implementation, resulting in a lower collection rate. However, the penalties, whether monetary or criminal, might still be the same if one is convicted. So, it's up to us, the people, to decide if we are willing to risk not paying our taxes.

the interesting thing that new technologies bring to the table is that now it's easier for individuals to protect themselves from the government if they want
but... one thing is for sure
there is no way to escape the consequence of our decisions.

I consider that it is the last straw of all that a government Demands that a person have to pay taxes for using a crypto casino, I don't say anything to those who use casinos that are with fiat money, and well they can consider it as something of a luxury , but the casinos that are fiat, are casinos controlled and regulated by governments and specialized entities , because fiat money is moved, whether dollar, euro or local currency of each country, that is considered to be well ncentralized, although it is I see it as a Problem because when there is a lot of money it is an equal problem to withdraw that money or something like that, because the majority of bankers and governments do not like people having so much money , it is in their best interest that they follow the model of corruption and issues that have to do with absolute control on their part, in this sense things can be affected by those who can bet the most According to what they spend , but in crypto I don't see it Well.

In fact, I have seen many people in the forum who do not give importance to this, they like to pay taxes because they use crypto , they like to pay taxes because they use crypto casino, I see that as very bad, because then we are in a crypto casino? I think that people who play with crypto and who own crypto Should not pay a cent to a government, perhaps the government bets some benefit on us people? At least I consider my country to be the most corrupt in the world, which is why I have always seen that when things are tried to be done with a better vision, people are already accepting all kinds of impositions like wild, the KYC , paying taxes , I will never agree with this, because that is what crypto technology is all about, not to give a single cent to a government or a person who are actually third parties , those who do it are really because for me it is not They have judgment.

what is your contry? if you don't mind sharing.

totally hear your point, it's impressive how assymetrical the government demands are.
though I think this reaches people differently, some simply don't care, others are really afraid of what the government can do to them (putting them in jail, etc...) so forth and so on...