CarnagexD
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October 06, 2023, 01:16:01 PM |
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In the country where I live in this isn't a problem (at least from what I know), and unless you won the super lotto granting you a hundred thousand dollar prize in the process you won't be taxed for what you earned while you gamble. I've earned a sizable amount from my games at a local casino that I used to frequent in, I used to play on government-sanctioned online casinos as well, I guess from where I live the tax is already pre-cut from what you pay when you gamble like the tokens, the spins, and all that stuff cause I never had the tax man knock on my door on a cold and dreary night asking me where my gambling tax report is.
And yeah before our capitalist friends come flocking in here I just wanna say living in the Philippines isn't the best right now especially since the whole country's in some sort of political turmoil. Be wary and take every Pinoybaiting vlogger's words with a grain of salt.
So you mean only the gambler who win the big money alone need to pay taxes.If so then you can do the gambling with the minimum limit to avoid of pay taxes to the gambling.Actually no one will not worry to pay taxes after the big super lotto,if the gambler not ready to pay taxes after the big win.Such gambler is so greedy to get all the money to his own pocket and not ready to pay taxes.But the gambler had won the money from the gambling,which is the free win.So the paying of taxes for the win will help the government to create a good scheme to people. Yeah that’s what we call the progressive tax in our country. Like the more you earn, the more you pay. Anyway, gamblers may not opt to gamble and win a little because usually when you play, the higher the risk or bet, the higher the winnings right? Those casinos or games that are legally registered pay taxes too and they gain benefits from it that’s why before they give the winnings to the winners, it is already net of tax. But yeah not hundred percent of taxes paid is properly spent by the government
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LUCKMCFLY
Legendary
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October 07, 2023, 02:59:51 AM |
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This is assuming that you live in a country in which the law is respected and the level of corruption is on the low side, as there are many countries out there in which this is not the case and the majority of the money that you pay on taxes is being stolen by corrupt politicians and rich people, in that case I think there is a compelling argument to try to reduce the taxes that you pay as much as possible by the use of any loophole that may exist on the law.
That is why I don't judge people who avoid paying taxes over their earnings. They aren't acting morally, as they go against a moral code defined by the country, but at same time I don't think they are unethical for doing this, since that money would feed more injustice on their local socities perpetrated by politicians, authorities in general and businessmen (especially the ones from big corporations). It's not fair for a gambler to risk his own money (most of them losing on long term) to be enforced to share his winnings in a large percentage with a government which doesn't give anything back to that individual in form of public services in counterpart. That's right, exactly that's what happens, because of those issues we should not generalize, if in my case I lived in a country where things partially worked well, the government would not be so corrupt, one with all the pleasure of the world pay the tax even with Crypto, if it is in a crypto casino then even I would pay it, but being in a government that is not corrupt, because I know that this will help the country grow, and that is something that is worth it, because by having taxes to provide good service in technology, in clinics, in things that are in favor of Continuing to improve, people would not evade taxes, but taxes in eteos are evaded when it is in crypto, but the That's the reason, for example in my country, if they give away only the crypto issues based on mining, if they don't register with the government agency they put the person in prison, but if they register everything, then the government has all the information and if it occurs to them to go after the apartments of a Particular person and take them, they can do it, then that is not only correct, because they say that the government needs it and that's it, just like that they take the teams and leave the Company with Nothing , because that has happened many times, then they are corrupt, thieves and abusive. For these reasons I have a very clear thought about politicians in the world, for me none of them are worth it, I only notice the US Government , the candidates as they are are fighting, they play dirty and they bully each other. pesnarq eu are colleagues, where they are not Respected , they send Organizations ready so that they can leave , Leave everything in the hands of the laws, which only apply in their favor, by the way there is no law, when they try to defend themselves against a great politician. A person cannot defend himself much because the Tabloid press attacks him, I have seen something like this in the case of Trump, can you only imagine that things turn Around and he Eins? What will the crypto policies be like here? Will they accept them to pay tax for Using online Casinos?
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maydna
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October 07, 2023, 09:42:15 AM |
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~snip~
I don`t sure about taxes in online casino. Someone told me that the online casino makes the same as offline - from some sum they reduce your withdrawal for taxes. But i don`t sure that it is so - i haven`t seen it myself. Gambling in online casino is nice for gambling anywhere. The same time gambling in offline casino gives you very bright emotions. So if i have an opportunity - i try to visit offline casino during vacation. It seems like there are taxes in online casinos, but we, as gamblers in online casinos, do not pay these taxes unless our country's government knows that we also play online gambling in crypto casinos. But so far, many people can gamble at crypto casinos freely and without paying taxes to their local government. They also don't pay taxes when they can withdraw their winnings to their local bank, but they still pay taxes for other things that are not related to gambling. I haven't visited offline casinos and only gamble at online crypto casinos. I did visit one of the local fiat-based casinos, but I think I still prefer gambling at a crypto casino using crypto. It gives me the freedom to use the coins instead of having to deposit fiat into my gambling account.
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Docnaster
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October 07, 2023, 09:58:34 AM |
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In the country where I live in this isn't a problem (at least from what I know), and unless you won the super lotto granting you a hundred thousand dollar prize in the process you won't be taxed for what you earned while you gamble. I've earned a sizable amount from my games at a local casino that I used to frequent in, I used to play on government-sanctioned online casinos as well, I guess from where I live the tax is already pre-cut from what you pay when you gamble like the tokens, the spins, and all that stuff cause I never had the tax man knock on my door on a cold and dreary night asking me where my gambling tax report is.
And yeah before our capitalist friends come flocking in here I just wanna say living in the Philippines isn't the best right now especially since the whole country's in some sort of political turmoil. Be wary and take every Pinoybaiting vlogger's words with a grain of salt.
So you mean only the gambler who win the big money alone need to pay taxes.If so then you can do the gambling with the minimum limit to avoid of pay taxes to the gambling.Actually no one will not worry to pay taxes after the big super lotto,if the gambler not ready to pay taxes after the big win.Such gambler is so greedy to get all the money to his own pocket and not ready to pay taxes.But the gambler had won the money from the gambling,which is the free win.So the paying of taxes for the win will help the government to create a good scheme to people. Yeah that’s what we call the progressive tax in our country. Like the more you earn, the more you pay. Anyway, gamblers may not opt to gamble and win a little because usually when you play, the higher the risk or bet, the higher the winnings right? Those casinos or games that are legally registered pay taxes too and they gain benefits from it that’s why before they give the winnings to the winners, it is already net of tax. But yeah not hundred percent of taxes paid is properly spent by the government Tax payment in gambling is determined by the tax policies of the government in a particular country. My country for instance, there's nothing like payment of tax from winnings in gambling wether it's offline or online. I don't gamble too often but I know that people don't pay taxes from their winnings. That being said, gambling companies does pay tax to the government as it is mandatory for all existing firms to pay tax to the government.
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slapper
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October 07, 2023, 11:10:16 AM |
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This is assuming that you live in a country in which the law is respected and the level of corruption is on the low side, as there are many countries out there in which this is not the case and the majority of the money that you pay on taxes is being stolen by corrupt politicians and rich people, in that case I think there is a compelling argument to try to reduce the taxes that you pay as much as possible by the use of any loophole that may exist on the law.
That is why I don't judge people who avoid paying taxes over their earnings. They aren't acting morally, as they go against a moral code defined by the country, but at same time I don't think they are unethical for doing this, since that money would feed more injustice on their local socities perpetrated by politicians, authorities in general and businessmen (especially the ones from big corporations). It's not fair for a gambler to risk his own money (most of them losing on long term) to be enforced to share his winnings in a large percentage with a government which doesn't give anything back to that individual in form of public services in counterpart. That's right, exactly that's what happens, because of those issues we should not generalize, if in my case I lived in a country where things partially worked well, the government would not be so corrupt, one with all the pleasure of the world pay the tax even with Crypto, if it is in a crypto casino then even I would pay it, but being in a government that is not corrupt, because I know that this will help the country grow, and that is something that is worth it, because by having taxes to provide good service in technology, in clinics, in things that are in favor of Continuing to improve, people would not evade taxes, but taxes in eteos are evaded when it is in crypto, but the That's the reason, for example in my country, if they give away only the crypto issues based on mining, if they don't register with the government agency they put the person in prison, but if they register everything, then the government has all the information and if it occurs to them to go after the apartments of a Particular person and take them, they can do it, then that is not only correct, because they say that the government needs it and that's it, just like that they take the teams and leave the Company with Nothing , because that has happened many times, then they are corrupt, thieves and abusive. For these reasons I have a very clear thought about politicians in the world, for me none of them are worth it, I only notice the US Government , the candidates as they are are fighting, they play dirty and they bully each other. pesnarq eu are colleagues, where they are not Respected , they send Organizations ready so that they can leave , Leave everything in the hands of the laws, which only apply in their favor, by the way there is no law, when they try to defend themselves against a great politician. A person cannot defend himself much because the Tabloid press attacks him, I have seen something like this in the case of Trump, can you only imagine that things turn Around and he Eins? What will the crypto policies be like here? Will they accept them to pay tax for Using online Casinos? The corruption and issues in your country, especially around crypto and taxation, are disappointing. Unfortunately, corruption is a global issue, and it's irritating when governments don't act in their citizens' best interests. Wouldn't people pay more taxes if governments provided better services? Don't they? Why not pay taxes on crypto revenues if the government is honest? Hearing that the government can seize assets without cause is worrisome. That's wrong. It's not. Politicians - isn't politics messy? As you noted, US politics is complex. Isn't it entertaining to watch politicians quarrel, play nasty, and disrespect one other? What if circumstances change? Suppose they do? How will crypto change if Trump returns? Will online casinos be taxed? All so unpredictable, right?
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Dimitri94
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October 07, 2023, 11:42:05 AM |
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In the country where I live in this isn't a problem (at least from what I know), and unless you won the super lotto granting you a hundred thousand dollar prize in the process you won't be taxed for what you earned while you gamble. I've earned a sizable amount from my games at a local casino that I used to frequent in, I used to play on government-sanctioned online casinos as well, I guess from where I live the tax is already pre-cut from what you pay when you gamble like the tokens, the spins, and all that stuff cause I never had the tax man knock on my door on a cold and dreary night asking me where my gambling tax report is.
And yeah before our capitalist friends come flocking in here I just wanna say living in the Philippines isn't the best right now especially since the whole country's in some sort of political turmoil. Be wary and take every Pinoybaiting vlogger's words with a grain of salt.
So you mean only the gambler who win the big money alone need to pay taxes.If so then you can do the gambling with the minimum limit to avoid of pay taxes to the gambling.Actually no one will not worry to pay taxes after the big super lotto,if the gambler not ready to pay taxes after the big win.Such gambler is so greedy to get all the money to his own pocket and not ready to pay taxes.But the gambler had won the money from the gambling,which is the free win.So the paying of taxes for the win will help the government to create a good scheme to people. Yeah that’s what we call the progressive tax in our country. Like the more you earn, the more you pay. Anyway, gamblers may not opt to gamble and win a little because usually when you play, the higher the risk or bet, the higher the winnings right? Those casinos or games that are legally registered pay taxes too and they gain benefits from it that’s why before they give the winnings to the winners, it is already net of tax. But yeah not hundred percent of taxes paid is properly spent by the government If governments do not spend tax money properly they have to take responsibility for it. But the point is that a gambler can pay more tax if he wins big but if he lost his money then my question will govt pay or help the gamblers? If they able to do this then gambler have no problem but it is not possible. The casino or gambling company deducts the appropriate amount for each bet. So government can only force casino or any gambling authority for taxation. But no individual gambler should have any liability in relation to tax.
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mak013
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October 07, 2023, 06:28:08 PM |
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~snip~
I don`t sure about taxes in online casino. Someone told me that the online casino makes the same as offline - from some sum they reduce your withdrawal for taxes. But i don`t sure that it is so - i haven`t seen it myself. Gambling in online casino is nice for gambling anywhere. The same time gambling in offline casino gives you very bright emotions. So if i have an opportunity - i try to visit offline casino during vacation. It seems like there are taxes in online casinos, but we, as gamblers in online casinos, do not pay these taxes unless our country's government knows that we also play online gambling in crypto casinos. But so far, many people can gamble at crypto casinos freely and without paying taxes to their local government. They also don't pay taxes when they can withdraw their winnings to their local bank, but they still pay taxes for other things that are not related to gambling. I haven't visited offline casinos and only gamble at online crypto casinos. I did visit one of the local fiat-based casinos, but I think I still prefer gambling at a crypto casino using crypto. It gives me the freedom to use the coins instead of having to deposit fiat into my gambling account. All online casino i played support both cryptocurrencies and fiat money. So i think that they have to pay taxes, at least for the part that works with fiat money. For me doesn`t matter, online, offline or cryptocurrencies - i gamble in all casino i like. But my game style differs. So the big sum with one draft i withdrew only in offline casino. I heard that if i want to withdraw big sum in online casino, they will pay taxes for me from my prize and i don`t want to test it - in online casino i can withdraw small sums one by one without any troubles for me.
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8rch7
Sr. Member
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October 07, 2023, 07:05:21 PM |
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Due fiat gambling not get legal operation in my country never pay tax yet and easily to manipulate about winning trend in gambling platform due we are participating in cryptocurrency gambling platform. I think regulation of gambling platform in some country will make us have to pay tax or not exactly with gambling platform with fiat support and automatically with tax reduce when withdrawing transaction process. For cryptocurrency gambling seems not adopt with tax regulation and easily for gambler not necessary have to pay tax although with cryptocurrency transaction have adopted with tax before in their country.
Not agree with tax have adopt on every transaction kinds, less trust with government and politician about tax advantage not giving for the citizen make me not trusted with the government regulation exactly with tax.
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Coin_trader
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October 07, 2023, 07:09:47 PM |
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Due fiat gambling not get legal operation in my country never pay tax yet and easily to manipulate about winning trend in gambling platform due we are participating in cryptocurrency gambling platform.
Lmao, why you are still gambling if online is illegal? It’s no brainer that you don’t need to pay taxes since the government doesn’t charge taxes on illegal things because it’s prohibited to do so. You are breaking the law by playing online gambling alone. Not agree with tax have adopt on every transaction kinds, less trust with government and politician about tax advantage not giving for the citizen make me not trusted with the government regulation exactly with tax.
You don’t need to agree on paying taxes matter because you are not eligible to any gambling services online. You personally is more not trusted than your government trying to regulate gambling on your country.
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Aanuoluwatofunmi
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October 07, 2023, 07:21:47 PM |
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If governments do not spend tax money properly they have to take responsibility for it. But the point is that a gambler can pay more tax if he wins big but if he lost his money then my question will govt pay or help the gamblers? If they able to do this then gambler have no problem but it is not possible. The casino or gambling company deducts the appropriate amount for each bet. So government can only force casino or any gambling authority for taxation. But no individual gambler should have any liability in relation to tax.
Either the government spend the money wisely or not there's nothing we can do about it because they are the ones in charge, they make use of their power to influence every decision making stage, what they can ensure is your own adherence towards paying tax and once you paid yours, there's nothing much expected of you than to watch them do it as they like, we have no right to sue them while if we challenge them, they will take a legal action as against us as well, if you don't pay your tax, you will also face their legal law.
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maydna
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October 08, 2023, 12:29:35 PM |
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~snip~
All online casino i played support both cryptocurrencies and fiat money. So i think that they have to pay taxes, at least for the part that works with fiat money. For me doesn`t matter, online, offline or cryptocurrencies - i gamble in all casino i like. But my game style differs. So the big sum with one draft i withdrew only in offline casino. I heard that if i want to withdraw big sum in online casino, they will pay taxes for me from my prize and i don`t want to test it - in online casino i can withdraw small sums one by one without any troubles for me. It's great if the online casino you play at can support all currencies, crypto and fiat so you can choose which one you want to gamble with. And casinos pay their taxes to the regulator but I don't know how online casinos pay their taxes. Maybe the online casino sends its tax report to the regulator and the regulator checks it and receives the tax payment. And regarding the players who gamble at the casino, there may be some who do not pay taxes to the government because there are no regulations regarding paying taxes originating from gambling income. Or I may be wrong on this because I don't know this. The important thing is that while you are gambling, you have found what you are looking for, you feel comfortable gambling, that's all that matters and you also don't pay taxes.
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goinmerry
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October 08, 2023, 11:27:31 PM |
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So, question to you, did you ever consider paying taxes on your gambling winnings, or deduct the taxes with the losses you've created? If not, what is the reasoning behind it?
If I'm well aware that there should be a tax on part of the winnings and that was stated in the Terms of Service of the site, I would comply with it. However it should be only applied to local gambling sites and not global sites. I mean, why should I pay taxes for gambling sites outside my country? It just common to see tax applied on gambling winnings especially those regulated by the government.
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South Park
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October 09, 2023, 06:03:57 PM |
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So, question to you, did you ever consider paying taxes on your gambling winnings, or deduct the taxes with the losses you've created? If not, what is the reasoning behind it?
If I'm well aware that there should be a tax on part of the winnings and that was stated in the Terms of Service of the site, I would comply with it. However it should be only applied to local gambling sites and not global sites. I mean, why should I pay taxes for gambling sites outside my country? It just common to see tax applied on gambling winnings especially those regulated by the government. If a casino is claiming they are deducting a part of your earnings as a form of tax that you need to pay on the jurisdiction on which the casino was created, they are scamming you, regardless of where you get your income the majority of the countries of the world charge taxes based on where you live, with a minority doing so based on your nationality, so no casino has the right to take away a single cent out of your profits once you make a withdrawal.
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mvdheuvel1983
Sr. Member
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October 09, 2023, 09:41:08 PM |
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We don't have this in our country and I don't include it in my tax report I'm not a whale and I never made a profit from my gambling I win some but most of the time I lose and I don't want to deduct my losses to my tax, gambling for me is only recreational, our government does not charge taxes to small time gamblers but it's different when you win a lottery which the favorite gambling form in our country. They deduct 20% from your winning of course since the government run the casino and lottery they targeted big winners instead of small bettors.
Tax is good for the society sure I believe that everyone should pay tax we want your society to grow. Paying tax from your casino winnings and even losses is the right thing to do at every Gambler should pay their tax if they will live in an environment where this is compulsory. We shouldn't evade taxes today and talk how government bad tomorrow.
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mak013
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October 10, 2023, 08:02:18 AM |
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~snip~
All online casino i played support both cryptocurrencies and fiat money. So i think that they have to pay taxes, at least for the part that works with fiat money. For me doesn`t matter, online, offline or cryptocurrencies - i gamble in all casino i like. But my game style differs. So the big sum with one draft i withdrew only in offline casino. I heard that if i want to withdraw big sum in online casino, they will pay taxes for me from my prize and i don`t want to test it - in online casino i can withdraw small sums one by one without any troubles for me. It's great if the online casino you play at can support all currencies, crypto and fiat so you can choose which one you want to gamble with. And casinos pay their taxes to the regulator but I don't know how online casinos pay their taxes. Maybe the online casino sends its tax report to the regulator and the regulator checks it and receives the tax payment. And regarding the players who gamble at the casino, there may be some who do not pay taxes to the government because there are no regulations regarding paying taxes originating from gambling income. Or I may be wrong on this because I don't know this. The important thing is that while you are gambling, you have found what you are looking for, you feel comfortable gambling, that's all that matters and you also don't pay taxes. I think that they have to pay taxes. But it is possible that they don`t pay taxes for bets in cryptocurrencies. As i know, there is no country where tax service know how to calculate cryptocurrencies. In such situation the casino has to convert cryptocurrencies in the fiat money, calculate taxes, convert fiat money back to cryptocurrencies. I don`t know any casino that ready to do it to pay taxes. Anyway it is not my problem. I have the way to get my prize without paying taxes and it is enough for me.
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redsun114
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October 10, 2023, 04:26:20 PM |
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So, question to you, did you ever consider paying taxes on your gambling winnings, or deduct the taxes with the losses you've created? If not, what is the reasoning behind it?
If I'm well aware that there should be a tax on part of the winnings and that was stated in the Terms of Service of the site, I would comply with it. However it should be only applied to local gambling sites and not global sites. I mean, why should I pay taxes for gambling sites outside my country? It just common to see tax applied on gambling winnings especially those regulated by the government. It doesn't depend on whether the casino you are using is operating within your country or not, if your country has a regulation and laws regarding gambling and gambling winnings are taxed, then you are obliged to pay your taxes, if they don't catch you getting winnings from an international online casino platform and you don't pay it, you are basically doing tax evasion which if found can get you in trouble and you will most probably face legal consequences. So, I don't think that you are only supposed to pay taxes for winnings that you get from local gambling sites and not from international platforms because the money that you win is actually yours and the tax collecting authorities don't really care about the platform that you used to get the money, all they want is their share.
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LUCKMCFLY
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October 11, 2023, 12:35:59 AM |
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This is assuming that you live in a country in which the law is respected and the level of corruption is on the low side, as there are many countries out there in which this is not the case and the majority of the money that you pay on taxes is being stolen by corrupt politicians and rich people, in that case I think there is a compelling argument to try to reduce the taxes that you pay as much as possible by the use of any loophole that may exist on the law.
That is why I don't judge people who avoid paying taxes over their earnings. They aren't acting morally, as they go against a moral code defined by the country, but at same time I don't think they are unethical for doing this, since that money would feed more injustice on their local socities perpetrated by politicians, authorities in general and businessmen (especially the ones from big corporations). It's not fair for a gambler to risk his own money (most of them losing on long term) to be enforced to share his winnings in a large percentage with a government which doesn't give anything back to that individual in form of public services in counterpart. That's right, exactly that's what happens, because of those issues we should not generalize, if in my case I lived in a country where things partially worked well, the government would not be so corrupt, one with all the pleasure of the world pay the tax even with Crypto, if it is in a crypto casino then even I would pay it, but being in a government that is not corrupt, because I know that this will help the country grow, and that is something that is worth it, because by having taxes to provide good service in technology, in clinics, in things that are in favor of Continuing to improve, people would not evade taxes, but taxes in eteos are evaded when it is in crypto, but the That's the reason, for example in my country, if they give away only the crypto issues based on mining, if they don't register with the government agency they put the person in prison, but if they register everything, then the government has all the information and if it occurs to them to go after the apartments of a Particular person and take them, they can do it, then that is not only correct, because they say that the government needs it and that's it, just like that they take the teams and leave the Company with Nothing , because that has happened many times, then they are corrupt, thieves and abusive. For these reasons I have a very clear thought about politicians in the world, for me none of them are worth it, I only notice the US Government , the candidates as they are are fighting, they play dirty and they bully each other. pesnarq eu are colleagues, where they are not Respected , they send Organizations ready so that they can leave , Leave everything in the hands of the laws, which only apply in their favor, by the way there is no law, when they try to defend themselves against a great politician. A person cannot defend himself much because the Tabloid press attacks him, I have seen something like this in the case of Trump, can you only imagine that things turn Around and he Eins? What will the crypto policies be like here? Will they accept them to pay tax for Using online Casinos? The corruption and issues in your country, especially around crypto and taxation, are disappointing. Unfortunately, corruption is a global issue, and it's irritating when governments don't act in their citizens' best interests. Wouldn't people pay more taxes if governments provided better services? Don't they? Why not pay taxes on crypto revenues if the government is honest? Hearing that the government can seize assets without cause is worrisome. That's wrong. It's not. Politicians - isn't politics messy? As you noted, US politics is complex. Isn't it entertaining to watch politicians quarrel, play nasty, and disrespect one other? What if circumstances change? Suppose they do? How will crypto change if Trump returns? Will online casinos be taxed? All so unpredictable, right? Well, they are very nice Questions , I speak because I know that in my Country it is like that, for whatever reason the Government wants to take advantage of the Circumstance and can do Whatever it takes to get its Way , I have seen how some miners are imprisoned and taken from them. their machines are Bitcoin miners, and then they use them , so in my opinion that is dirty play, for a country that is relatively rich, because things are Usually quite strong because everything should be better, because a country that has renewable natural resources and Don't Renounce them, because these are things that anyone is going to say and talk about their Government , in the Chaos that I am in, it is because my country was the richest in the world, it was more developed than Dubai itself , but with so Much presence of oil, gold, precious stones , well things are not working well, but why? because when things are treated like managing a country , all the money that is extracted is for them and for the daddies under which they make their cakes, so based on this it cannot be speculated what for a government that does things wrong Well, you have to be on good terms with them in tax matters, because they make money out of anything, which seems worse to me. I don't know how things will be in the USA, but I think there isn't that much corruption there, in third world countries there is corruption, but I know that inflation is affecting the USA in a big way, maybe that's why in In this country things are so radical when it comes to paying taxes, in fact I don't know what the laws will be like Regarding crypto , I know that in the USA Almost all Casinos can't Operate , fortunately Stake.us Does , so I don't know if the people who make transactions, play in the USA have to pay, I know that with the Exchanges not even Binance can operate there, I don't know the reason, that's because when things are about making big Money , they are there Present , this is something that It seems quite ambiguous to me.
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Wiwo
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October 11, 2023, 09:09:42 PM |
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In the country where I live in this isn't a problem (at least from what I know), and unless you won the super lotto granting you a hundred thousand dollar prize in the process you won't be taxed for what you earned while you gamble. I've earned a sizable amount from my games at a local casino that I used to frequent in, I used to play on government-sanctioned online casinos as well, I guess from where I live the tax is already pre-cut from what you pay when you gamble like the tokens, the spins, and all that stuff cause I never had the tax man knock on my door on a cold and dreary night asking me where my gambling tax report is.
And yeah before our capitalist friends come flocking in here I just wanna say living in the Philippines isn't the best right now especially since the whole country's in some sort of political turmoil. Be wary and take every Pinoybaiting vlogger's words with a grain of salt.
So you mean only the gambler who win the big money alone need to pay taxes.If so then you can do the gambling with the minimum limit to avoid of pay taxes to the gambling.Actually no one will not worry to pay taxes after the big super lotto,if the gambler not ready to pay taxes after the big win.Such gambler is so greedy to get all the money to his own pocket and not ready to pay taxes.But the gambler had won the money from the gambling,which is the free win.So the paying of taxes for the win will help the government to create a good scheme to people. Yeah that’s what we call the progressive tax in our country. Like the more you earn, the more you pay. Anyway, gamblers may not opt to gamble and win a little because usually when you play, the higher the risk or bet, the higher the winnings right? Those casinos or games that are legally registered pay taxes too and they gain benefits from it that’s why before they give the winnings to the winners, it is already net of tax. But yeah not hundred percent of taxes paid is properly spent by the government Tax officials are only after jackpot winners and not small petty gamblers winning and since their already know how and what it is with gambling and it winning the highest way the could get gamblers to pay tax is through the value-added taxes from the governments on basic goods in the country and bills that individuals pays. There are lots of ways that the government can generate taxes and most times the gamblers are already paying taxes without them even knowing since have they been collected indirectly.
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Doan9269
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October 11, 2023, 09:17:21 PM |
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If governments do not spend tax money properly they have to take responsibility for it. But the point is that a gambler can pay more tax if he wins big but if he lost his money then my question will govt pay or help the gamblers? If they able to do this then gambler have no problem but it is not possible. The casino or gambling company deducts the appropriate amount for each bet. So government can only force casino or any gambling authority for taxation. But no individual gambler should have any liability in relation to tax.
You'd better asked they spend it judiciously because if they don't you have nothing to do about it, tax is everyone entitlement to pay for and also to receive the benefits of what the money received was being used for, but if we are to look into the gambling sector well, only the gambling organizations are keeping well to paying their tax unlike the gamblers on every successful bets they won, people take that as bonus opportunity to spend their entire winning on gambling forgetting to pay tax or refusing to pay because they think its not necessary on gambling.
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milewilda
Legendary
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October 11, 2023, 09:17:30 PM |
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In the country where I live in this isn't a problem (at least from what I know), and unless you won the super lotto granting you a hundred thousand dollar prize in the process you won't be taxed for what you earned while you gamble. I've earned a sizable amount from my games at a local casino that I used to frequent in, I used to play on government-sanctioned online casinos as well, I guess from where I live the tax is already pre-cut from what you pay when you gamble like the tokens, the spins, and all that stuff cause I never had the tax man knock on my door on a cold and dreary night asking me where my gambling tax report is.
And yeah before our capitalist friends come flocking in here I just wanna say living in the Philippines isn't the best right now especially since the whole country's in some sort of political turmoil. Be wary and take every Pinoybaiting vlogger's words with a grain of salt.
So you mean only the gambler who win the big money alone need to pay taxes.If so then you can do the gambling with the minimum limit to avoid of pay taxes to the gambling.Actually no one will not worry to pay taxes after the big super lotto,if the gambler not ready to pay taxes after the big win.Such gambler is so greedy to get all the money to his own pocket and not ready to pay taxes.But the gambler had won the money from the gambling,which is the free win.So the paying of taxes for the win will help the government to create a good scheme to people. Yeah that’s what we call the progressive tax in our country. Like the more you earn, the more you pay. Anyway, gamblers may not opt to gamble and win a little because usually when you play, the higher the risk or bet, the higher the winnings right? Those casinos or games that are legally registered pay taxes too and they gain benefits from it that’s why before they give the winnings to the winners, it is already net of tax. But yeah not hundred percent of taxes paid is properly spent by the government Tax officials are only after jackpot winners and not small petty gamblers winning and since their already know how and what it is with gambling and it winning the highest way the could get gamblers to pay tax is through the value-added taxes from the governments on basic goods in the country and bills that individuals pays. There are lots of ways that the government can generate taxes and most times the gamblers are already paying taxes without them even knowing since have they been collected indirectly. Taxation could really be only applied if you do make yourself get involved with those local based physical casinos or you've been playing on a local based online ones on which this is where your government would really be strict in implementing out those kind of decisions but its true that they would really be coming after with those jackpot winners on which it would really be just that normal that they would really be that serious or really that coming after them knowing that amounts arent really that something that they could ignore with. This is where i do end up on trying out to play on crypto casino based platforms on which even though i didnt hit up some jackpot but i do know some of my fellow countrymen who had made out some huge wins in crypto casinos but ending up on having zero tax with it and completely be able to convert it out on local fiat without any hassle or problems or talks about taxes. This is why i could really be able to say that it is really just that only applicable into those local casinos physically and with those state lottery winners where those winning amounts had already been deducted with some nasty tax with it. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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