Gambling with crypto because taxation makes no sense?

[Webetcoins]

Well in a way, gambling with cryptocurrencies kinda put you in a position wherein you are able to avoid taxation since it's still not clearly defined on how governments will tax proceeds in winnings through cryptocurrencies. I agree that it's kind of unfair that gambling winners still need to pay governments their 'share' of the pie due to legal reasons, but the money obviously came from the platform that also has to pay taxes, so it's just a chain reaction that we all are a part of.

Sooner or later, crypto gambling will have a more accurately-defined taxation laws. It's always just a matter of time for new things when it comes to law, and crypto gambling is no exception to that.

I think taxation in gambling will also depend on the games and if where they are done (e.g offline or online) and maybe depends on the betting company as well, as some games like lottery are still not being taxed on some gambling places, mostly online. It also depends on the country, as I already heard some countries are being taxed on their gambling activities while I believe many aren't like that.

We are wrong if we think we can escape tax if we use a crypto as a currency because there are countries now like for example India are taxing the crypto users. Not only that, but the tax being charged on them is also bigger than usual.

[shield132]

Moreover, in many countries, filling out the forms to get taxed can be a nightmare. For winning 100$ for example, you will have to pay a big chunk of it to an accountant to find how it should be taxed. Bureaucracy is a whole other debacle in and of itself.

Where do you have to pay taxes on winning? In my country I don't have to pay any tax to win or withdraw money from casino. I couldn't imagine if anyone had to pay taxes on winning. Btw what happens when you lose? Do you get tax return? This is so unfair.

I'd imagine that many people actually chose to gamble with crypto to avoid these restrictions and bureaucratic procedures. It really makes no sense to go through all these troubles to tax a small winning amount. Still if someone happened to win a large amount on a small bet by chance, I'd imagine some people would want to tax it so they can spend it in the real economy as fast as possible.

If someone lives in a country where they pay tax on winning from blackjack on casino, they might be forced to pay taxes on their crypto income, so this is not going to help them.

[Nwada001]

Lot of people look for means to invade tax all the time, which make sense in some points, depending on what the government wants to task the citizen for.
 
For the aspect of gambling, well, I don't even know, how serious that form of activity is in my country – if not, such tax is not even worth paying in my own opinion. I play, gamble and I lose all the time and they don't refund me for that, which is recorded as my own lose, and when I finally win something little from gambling, they will want to tax me. 
 
Casinos are being tasked and they pay heavily to the government for operating in their so that alone should be enough for them. And even if we use crypto all the time to gamble or to make our withdrawal, there is a way the government can impulse this tax on this casino, if they are licensed by them, and whichever means that gamblers want to withdraw with will help the government deduct the tax. It will be easier for them to identify using logging IP and KYC.

[LUCKMCFLY]

Most gamblers don't like to pay taxes when it comes to gambling, so gambling on crypto gives them more benefits. There is no government control in crypto everyone can bet independently online. No one will get the information easily for online gambling. There is no provision of taxation through these online gambling. So whatever amount of money one wins from this gambling he can withdraw it without paying any tax to the government. This massive and uncontrolled flow of money from one country to another through online gambling. The type of gambling has changed with the times. Therefore various forms of online gambling are beyond the control of the law. Off-line gambling is taxed by the government as it is covered by government laws.

The thing is that things should always be like this, when we are in a casino we must do things for our benefit, no type of tax should be given to a government for us playing and when it is for crypto, well less, things are not They can give like this because when we are in a casino and we have options to do things to enjoy, we do not have to put them like this so that others can get paid, no, that is something I would never do, and it is also obvious that by simple inspection , I will never in my life You should not pay taxes for using crypto or for using a casino, unless you know crypto is natural, because it is something that we should not do, I have seen that there are some users here in the forum who do agree with paying taxes for using crypto and launch a crypto casino , the truth is that I think they forget why this thing about bitcoin and crypto was created, where their main function is Freedom , that no one touches their own money, not even a government, much less a bank, so be it. to have fun in a casino.

This thread is good to remind some players of that, perhaps those who want to pay for crypto because it is their decision, I don't see any other option, everyone sees how they give away their money, but I am of the opinion that they don't give anything to a government, because obviously I have a very bad view of governments since I do not trust any government, for me they are all corrupt, and that is being seen worldwide, so when it comes to this matter of crypto it should never under any circumstances be paid something, that should never happen, because it is something that we should not allow.

They encourage paying taxes for using crypto or for using a casino, under what criteria will they want to do it? What I sense is that they want to show that they have a lot of money, or that they are exemplary citizens, something like that is what I imagine, or maybe they want to attract attention, there are many reasons, there are people who like to be recognized by others, they are something I don't understand.

[Weawant]

I don't think my winnings at an online casino are taxable, if I win $50 or $100 at an online casino I will usually receive the same amount. But I don't know in land-based casinos, whether any winnings will be taxed or not

One of the frauds in taxation is that we as users are the subject of tax, even though the casinos should be the ones paying tax on the profits they earn. This also applies to supermarkets, tax is added to the price of each item in the supermarket, so it is not the supermarket that pays the tax but we as supermarket customers pay the supermarket tax.

A typical live happenings of how taxes are actually paid by the customers alone by virtue of extension, most times it turns out the these supermarket and big stores actually don pay tax because by extension they make their customers pay by virtue of everything they bought.

Personally I've not experience tax with my wins from casinos except when the money is paid into my bank account them the bank tax but directly from the casino I get my exact money. Except for land casinos which I don't have much idea because I don't gamble in the land casino except online in my convenience. Gamblers experience taxing mostly with some of these online casinos who are not reputable enough so they can use such opportunity to exploit gamblers.