passwordnow
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 25, 2024, 11:16:48 AM |
|
Do you think the government should really collect alternative sources of income from its citizens such as online gambling?
That's really how it goes with the government. If it's about gains, they're are there whether it's from gambling or any other source. What you have to do is to just adjust and you can't do anything with that policy imposed by the government because that's how they always be, they are there with our gains but if it's about our losses, you can't take anything on them. The taxes are increased and the same goes for income taxes which can be said with the gambling winnings. Taxes are the blood line of a country's economy and sadly, we don't like it if the government is corrupt or from a developing country which is known that the people doesn't really benefit from the taxation that they're getting from their own people. So, for you to accept this matter is to maximize any benefit that you are eligible from the government.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Distinctin
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 25, 2024, 11:21:12 AM |
|
Although the government aims to increase the legal security and revenue, it seems unfair that bettors are taxed on their winnings without consideration for their losses. It's also concerning that tax applies regardless of the size of winnings. The government should be balance and have fair taxation policies.
I completely agree with you on this, Mate. Taxing bettors on their profits while ignoring their losses can be extremely unjust, and it is not a system that fosters fairness or equity. It appears that the government is setting individuals up for failure by taxing them regardless of the magnitude of their wins. I believe there are several other possible solutions to this problem, such as a system in which losses can be subtracted from gains before taxes are imposed. I disagree with you. The government done care if you lose or win in gambling, they have given a tax on betting, and it will stand. It is left for the gambler to choose if he is to quit or continue if he can't afford those taxes. There is no difference on those on putting taxes on people with kiosk shops and trucking businesses to casino sites. They don't earn make much money from the business, but they pay their taxes whether they make profit, or they make loses. You can't compare to legit business to gambling as they are exactly different. When you are running a business, the success rate is high or say most of the people doing business are profitable but would only differ on profit since some are so blessed that they were able to grow their company overtime. However, gambling is quite different as we don't treat it as a business, in fact, most of us gamblers are losing money which makes casino being so profitable, so taxing our winning but neglecting our losses is just unfair to me, government are not anymore doing their job which is to server what's good for the people as gamblers are also peopel which has the right.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
mindrust
Legendary
Offline
Activity: 3374
Merit: 2501
Payment Gateway Allows Recurring Payments
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 25, 2024, 11:23:26 AM |
|
Summary of the story: the government wants to be our partner only in gains, but in losses, we alone are forced to bear the financial losses. Very convenient, right?
What do you think of this?
That's always been the case with the governments. Every business owner has that hidden special(!) partner that collects one third of every penny you make and don't give a shit about what you lose, the government. Government thugs come to collect their extortion money every year if you made any profits. They don't care what happens to you if you went bankrupt or dying from hunger. Like I said, this is not even a fair partnership. It is a privileged partnership. You are not alone, every business in the world suffers from the same taxation rules. The bad news is, this current system doesn't look like it is going to change any time soon.
|
|
|
|
robelneo
Legendary
Offline
Activity: 3360
Merit: 1216
Payment Gateway Allows Recurring Payments
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 25, 2024, 11:55:25 AM |
|
Summary of the story: the government wants to be our partner only in gains, but in losses, we alone are forced to bear the financial losses. Very convenient, right?
That's how a government works they want you to share what you have, not only on winnings, on losses on casinos but also from all taxable profit and sales or everything where you are making a profit, they don't care about your losses they only care about your gains. What do you think of this? Is there any regulation in the betting sector in your country? Your government only taxes you here in our country, the government manages the casinos and many profitable gambling platforms, they get all the taxes and they all get the profits. Do you think the government should really collect alternative sources of income from its citizens such as online gambling? Can we do something about it, can we complain, I'm ok with it as long as the profit and all the taxes are being used for the welfare of the citizens, here in our country corruption is so rampant that you have a hard time accepting all these taxes.
|
|
|
|
Blitzboy
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 25, 2024, 12:27:53 PM |
|
This is a classic government overreach. Taxing bettors and firms 15% on winnings, 12% on revenue? Just call it a money grab.
President Lula, whom I respect, gestures with this tiny winnings exemption up to R$2112. But ignoring loses? Thats unfair, guys. Very awful policy. When things go well, the government takes its cut, but citizens pay when they dont? Thats crook.
Countries must discover smart methods to make money, I know. Taxing the betting sector without considering wins and losses? Losers use that method. Its fair play and not stifling businesses or customers. Regulations are important, but other countries should encourage the sector, not merely see dollar signs on every wager. Instead than breaking things, we should construct them.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Sunderland
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1477
Merit: 381
To Be Or Not To Be
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 25, 2024, 01:34:06 PM |
|
- snip -
OP, what if you gamble with crypto from there? Will you be taxed twice? tax from gambling profit and capital gains tax when exchanging crypto for cash there? It would be terrible if you had to be taxed twice, in total could be almost half of the total winnings. I have a friend from Brazil and he said he must pay 15% tax when exchanging crypto to fiat. But he never gambled, only trading, so he was only subject to capital gain/loss tax.
|
back to work
|
|
|
Webetcoins
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 31, 2024, 03:34:02 PM |
|
it should have been a different ball game if they hard taxes both your losses or wins both taxing your wins alone puts all the gamblers is a major disadvantage because it literally means that your average win is still to your disadvantage because after loosing so many games and then a win that's to be a sort of compensation for all the ones you've lost now have to be shortened by the government.
That's the issue with the over regulatory nature of any system that's subject to government's control. They always feel that they can will everything to whatever angle they wish to which is a major problem. Should betting become a source of revenue for the government? It's only a clueless government that lacks what to put her attention into that will be after gamblers earnings. In my country, they've made several statements in the house of senate to bring out laws that will regulate the rate of decentralized gambling but it hasn't worked so far. The only thing they've been able to do which is not a big deal for me is regulate the age range of individuals that are old enough to engage in gambling.
Yet, taxing a win alone is still better than taxing a loss because a loss alone is already devastating and how much more if we will pay another for its tax? I think I will lose my mind with this one but before I do, I will now avoid gambling because I still love my self and the people around me. As of now, I'm still lucky that my country don't have such law about gambling but as usual, I am not lucky enough on most my gambling sessions. Governments are powerful that they can do whatever they wanted to do even if it's already against us. For the most part yes, betting is one source of the government but usually, only the betting operators are being charged by a tax here and not the players. Regulating something which are decentralized is a hard thing to do and when it comes to age restrictions, they better do that to young individuals than the older ones.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Casdinyard
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 31, 2024, 11:31:19 PM |
|
Since last year, here in my country (brazil), it has been discussed by the senate and from what I researched, in 2024/jan the law came into force that taxes bets of any nature involving online and physical bets. ( link) The purpose of the law is to increase legal security in the betting sector in Brazil, (taxing revenue from bettors for the government? LOL) In nutshell: bettors will have to pay 15% on the winnings received from any bets, regardless of whether the reward is small or large, and companies will have to pay 12% on revenue. This is for physical bets or bets made online. Lula (thief corrupt president) vetoed income tax for winnings from bets of up to R$2112 (~425 USD) per month. The funny thing is that he didn't take into account the loss that bettors have before calculating the tax (that's a lot of bullshit). Summary of the story: the government wants to be our partner only in gains, but in losses, we alone are forced to bear the financial losses. Very convenient, right? What do you think of this? Is there any regulation in the betting sector in your country? Do you think the government should really collect alternative sources of income from its citizens such as online gambling? Don't think of this as your country messing with your shit (although in a manner of speaking it does look like they are messing with your shit) when the main intent of this is to deter people from gambling. As much as the government wants to earn from casinos and gambling taxes, they still know that it's way better for a citizen to be employed and productive, which gambling couldn't provide by a longshot. So in that regard, they impose these hefty tax laws upon the people not only to bag more money which, in an ideal world, is used to make the country a safer and more livable place (although let's be real here, we all know this money's getting into someone's pockets) but at the same time it also deters people from gambling, cause now you guys are thinking that even if you win a lot, your country's going to take its piece of the pie no matter what, and you did all the heavy lifting so what gives, yeah? I can see the vision of why they did this, and if successful, this could be emulated by other countries as well especially those with high crime rates and people who are subjected to gambling, prevention is better than rehabilitation and cure at the end of the day.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
dothebeats
Legendary
Offline
Activity: 3752
Merit: 1354
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 31, 2024, 11:43:23 PM |
|
This will force gamblers and platforms to go underground in order to evade taxation. That's a steep tax to pay on, and I don't think it's fair for the gamblers to give that big of a share of their winnings to the government. Imagine the government taking a huge cut on your income tax, and still taking another huge cut on a bet you risked yourself to win. It's daylight robbery, and something that people should oppose.
Then again, they can easily use the 'legal reason' why they're doing this. This taxation does not help make the gambling scene legal at all. If anything, it promotes more illegal platforms to flourish because of the tax associated with gambling.
|
|
|
|
gagux123
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 20, 2024, 05:44:43 AM |
|
Well... Brazil being Brazil and unfortunately having one of the highest tax in the world!
Brazil has potential for growth in online betting, but due to events it is difficult for the country to develop in this area, in other words, the government wants to take its share and tax it. I believe that this type of attitude from the government will only scare away bettors and reduce betting in the country.
|
| ...AoBT... | | ▄▄█████████████████▄▄ ███████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ ███████████████████████ █████████████████████████ | | The Alliance of Bitcointalk Translators | | | | │ | | ▄▄▄███████▄▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀▀███████▀▀▀ | . ..JOIN US.. | | │ | | ▄███████████████████████▄ █████████████████████████ █████▀▀██████▀▀██▀▀▀▀████ ██████████▀██████████████ █████▄▄███████▄▄▀████████ █████████▄▀▄██▀▀█████████ █████████████████████████ █████████████████████████ ████████████▀████████████ ▀███████████████████████▀ █████ ██████████
| . ..HIRE US.. | | │ |
|
|
|
Ultegra134
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 20, 2024, 06:44:54 AM |
|
This will force gamblers and platforms to go underground in order to evade taxation. That's a steep tax to pay on, and I don't think it's fair for the gamblers to give that big of a share of their winnings to the government. Imagine the government taking a huge cut on your income tax, and still taking another huge cut on a bet you risked yourself to win. It's daylight robbery, and something that people should oppose.
Then again, they can easily use the 'legal reason' why they're doing this. This taxation does not help make the gambling scene legal at all. If anything, it promotes more illegal platforms to flourish because of the tax associated with gambling.
Well, can't you do that already through cryptocurrency casinos? It's awful to hear OP lose such a large percentage of your own earnings due to Brazil's taxation laws. However, as alani123 has previously stated, you also have to pay taxes for any gambling winnings over €100 in Greece; they're automatically deducted when you withdraw, to be precise. It's a shame, because they're immediately taking a decent chunk of your earnings. Fortunately, cryptocurrency casinos still remain under the radar, and provided that you withdraw to a service that has its own debit card, such as Crypto.com, you can theoretically avoid losing money to taxation.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
noormcs5
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 20, 2024, 07:17:52 AM |
|
I disagree with you. The government done care if you lose or win in gambling, they have given a tax on betting, and it will stand. It is left for the gambler to choose if he is to quit or continue if he can't afford those taxes. There is no difference on those on putting taxes on people with kiosk shops and trucking businesses to casino sites. They don't earn make much money from the business, but they pay their taxes whether they make profit, or they make loses.
So this means that if you bet 1000$ in a month, you will be taxed on that 1000$ ? If you lose half of the amount, you still have to pay the tax on the amount you placed the bet. But in case you win 5000$ from this amount, now the tax will be on 1000$ or 5000$ as the tax is usually on the income ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Therefore i am unclear here as the gamblers will pay the tax on their profits or on the amount they will use to bet on ? Secondly, people can bet using online platforms and pay with crypto and can avoid the taxes. The tax authorities can only monitor the deposits, withdraws and gambling activities on the physical casino or online casino operating within the taxed country. Is it so ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
moneystery
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 812
Merit: 194
PredX - AI-Powered Prediction Market
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 20, 2024, 07:36:27 AM |
|
but if you look at what the brazilian government is doing, it is much better than my country. because gambling here is completely illegal, you are not allowed to gamble either online or offline. but the funny thing is that most people here understand what slots and various other types of gambling are, because even though they are illegal, they still operate behind the scenes and are backed up by the officials here. so the casinos pay security money to these corrupt officials so that their business can run smoothly, and the money will go into the private pockets of these officials to enrich themselves. so i think that it is better to impose such a tax than to leave it alone and do nothing regarding gambling operations.
|
|
|
|
2Pizza410000BTC
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 490
Merit: 291
Buzz App - Spin wheel, farm rewards
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 20, 2024, 07:39:50 AM |
|
Since last year, here in my country (brazil), it has been discussed by the senate and from what I researched, in 2024/jan the law came into force that taxes bets of any nature involving online and physical bets. ( link) The purpose of the law is to increase legal security in the betting sector in Brazil, (taxing revenue from bettors for the government? LOL) In nutshell: bettors will have to pay 15% on the winnings received from any bets, regardless of whether the reward is small or large, and companies will have to pay 12% on revenue. This is for physical bets or bets made online. Lula (thief corrupt president) vetoed income tax for winnings from bets of up to R$2112 (~425 USD) per month. The funny thing is that he didn't take into account the loss that bettors have before calculating the tax (that's a lot of bullshit). Summary of the story: the government wants to be our partner only in gains, but in losses, we alone are forced to bear the financial losses. Very convenient, right? What do you think of this? Is there any regulation in the betting sector in your country? Do you think the government should really collect alternative sources of income from its citizens such as online gambling? Whatever the government does, it won't hurt. The government always shares in the profits and never in the losses. The government must enforce the law to tax gambling platforms in Brazil as it will generate millions of dollars in government revenue. If millions of dollars are collected in government revenue from gambling platforms, the government will not stop this law at all. There is no such law on gambling platforms in my country but gambling is still officially illegal in my country. Although gambling is officially illegal in my country, people still participate in gambling secretly. Since gambling is illegal in my country, we are at a great advantage because the government does not have to pay any additional taxes. But I don't like to apply such laws on gambling platforms because the government will deduct tax from you on profit and not compensate you on loss. If the government would give you some money back for losing bets on gambling platforms then maybe I would accept this law as good.
|
|
|
|
Ultegra134
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 20, 2024, 07:40:47 AM |
|
So this means that if you bet 1000$ in a month, you will be taxed on that 1000$ ? If you lose half of the amount, you still have to pay the tax on the amount you placed the bet. But in case you win 5000$ from this amount, now the tax will be on 1000$ or 5000$ as the tax is usually on the income ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Therefore i am unclear here as the gamblers will pay the tax on their profits or on the amount they will use to bet on ? Secondly, people can bet using online platforms and pay with crypto and can avoid the taxes. The tax authorities can only monitor the deposits, withdraws and gambling activities on the physical casino or online casino operating within the taxed country. Is it so ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) At least in my country, if I'm not mistaken because I've only used cryptocurrency casinos and never bothered with those casinos, you're taxed when you withdraw. Thus, if you deposit $100, win $1,000 but keep it in the account, you're fine to use the balance as you please. Thus, if you end up losing all $1,000, then you don't have to pay taxes, because you've practically haven't yielded any income. You can use cryptocurrency casinos, and you can remain fully under the radar if you're using decentralized services for deposits and withdrawals.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
KiaKia
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 20, 2024, 07:49:30 AM |
|
Since last year, here in my country (brazil), it has been discussed by the senate and from what I researched, in 2024/jan the law came into force that taxes bets of any nature involving online and physical bets. ( link) The purpose of the law is to increase legal security in the betting sector in Brazil, (taxing revenue from bettors for the government? LOL) In nutshell: bettors will have to pay 15% on the winnings received from any bets, regardless of whether the reward is small or large, and companies will have to pay 12% on revenue. This is for physical bets or bets made online. Lula (thief corrupt president) vetoed income tax for winnings from bets of up to R$2112 (~425 USD) per month. The funny thing is that he didn't take into account the loss that bettors have before calculating the tax (that's a lot of bullshit). Summary of the story: the government wants to be our partner only in gains, but in losses, we alone are forced to bear the financial losses. Very convenient, right? What do you think of this? Is there any regulation in the betting sector in your country? Do you think the government should really collect alternative sources of income from its citizens such as online gambling? Are you seeing what I am seeing? This looks like a great way to discourage the gambling addiction that most people have. I can't help but think that the government of Brazil must have seen many cases of addiction among its people in the country, maybe there are suicide cases here and there because of gambling. This is a well-orchestrated solution to battle gambling addiction, I can't say it wrong since this is what the government of the country wants for its people, and if I am right about the mess that gambling have caused to Brazil citizens then this isn't entirely bad as many people might think.
|
|
|
|
Cryptoprincess101
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 20, 2024, 08:11:08 AM |
|
In nutshell: bettors will have to pay 15% on the winnings received from any bets, regardless of whether the reward is small or large, and companies will have to pay 12% on revenue.
OP just like you are making this post and laughing, that is same way I'm laughing as well like what the f*ck is this? 15% on winnings? I won't even play to win again self let me see how they will get the 15%. For betting companies, paying taxes is important because they basically makes a lot of money from gamblers but for bettors I think it's just so funny. [quote Summary of the story: the government wants to be our partner only in gains, but in losses, we alone are forced to bear the financial losses. Very convenient, right? [/quote] Normally, government taking taxes doesn't really implies that they are doing so only when the individual or organization is making profits so far as they are running such business in the country they are to pay taxes, the area am only frowning at them is taking taxes from bettors winnings like it is very ridiculous i must say.
|
|
|
|
criptoevangelista
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 378
Merit: 633
In ₿ we trust
|
In nutshell: bettors will have to pay 15% on the winnings received from any bets, regardless of whether the reward is small or large, and companies will have to pay 12% on revenue.
OP just like you are making this post and laughing, that is same way I'm laughing as well like what the f*ck is this? 15% on winnings? I won't even play to win again self let me see how they will get the 15%. For betting companies, paying taxes is important because they basically makes a lot of money from gamblers but for bettors I think it's just so funny. Summary of the story: the government wants to be our partner only in gains, but in losses, we alone are forced to bear the financial losses. Very convenient, right?
Normally, government taking taxes doesn't really implies that they are doing so only when the individual or organization is making profits so far as they are running such business in the country they are to pay taxes, the area am only frowning at them is taking taxes from bettors winnings like it is very ridiculous i must say. Unfortunately, the current Brazilian government wants to raise more and more money, to continue spending until infinity, thankfully there are cryptocurrencies and casinos that use cryptos, so that a person can continue to manage their finances without depending on anyone. Governments just want easy money from other people's work, nothing more.
|
|
|
|
| | | . Duelbits | | | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄▄▄ | TRY OUR
NEW UNIQUE GAMES! | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀DICE .▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | | ███████████████████████████████ ███▀▀ ▀▀███ ███ ▄▄▄▄ ▄▄▄▄ ███ ███ ██████ ██████ ███ ███ ▀████▀ ▀████▀ ███ ███ ███ ███ ███ ███ ███ ███ ▄████▄ ▄████▄ ███ ███ ██████ ██████ ███ ███ ▀▀▀▀ ▀▀▀▀ ███ ███▄▄ ▄▄███ ███████████████████████████████ | | | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀MINES .▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | | ███████████████████████████████ ████████████████████████▄▀▄████ ██████████████▀▄▄▄▀█████▄▀▄████ ████████████▀ █████▄▀████ █████ ██████████ █████▄▀▀▄██████ ███████▀ ▀████████████ █████▀ ▀██████████ █████ ██████████ ████▌ ▐█████████ █████ ██████████ ██████▄ ▄███████████ ████████▄▄ ▄▄█████████████ ███████████████████████████████ | | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀PLINKO .▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | | ███████████████████████████████ █████████▀▀▀ ▀▀▀█████████ ██████▀ ▄▄███ ███ ▀██████ █████ ▄▀▀ █████ ████ ▀ ████ ███ ███ ███ ███ ███ ███ ████ ████ █████ █████ ██████▄ ▄██████ █████████▄▄▄ ▄▄▄█████████ ███████████████████████████████ | | 10,000x MULTIPLIER | │ | | | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ |
|
|
|
Forsyth Jones (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 23, 2024, 08:24:41 PM |
|
OP just like you are making this post and laughing, that is same way I'm laughing as well like what the f*ck is this? 15% on winnings? I won't even play to win again self let me see how they will get the 15%. For betting companies, paying taxes is important because they basically makes a lot of money from gamblers but for bettors I think it's just so funny.
Normally, government taking taxes doesn't really implies that they are doing so only when the individual or organization is making profits so far as they are running such business in the country they are to pay taxes, the area am only frowning at them is taking taxes from bettors winnings like it is very ridiculous i must say.
Unfortunately, the current Brazilian government wants to raise more and more money, to continue spending until infinity, thankfully there are cryptocurrencies and casinos that use cryptos, so that a person can continue to manage their finances without depending on anyone. Governments just want easy money from other people's work, nothing more.
Guys, thank you for every post of solidarity, I didn't expect so many comments criticizing this new arbitrary tax in brazil. We are truly going through a troubled time with this current government, which no longer disguises the insatiable desire to plunder the brazilian people, they no longer even use the argument that it's to finance the basic social services offered by the government to the population, because see that the people are accommodating and do not revolt to the point of creating a mobilization that damages the government's image. As our @criptoevangelista friend said, it's a good thing we have Bitcoin and other and freedom tools based on crypto, as it's one of our only means of defense against these arbitrary measures.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
Kavelj22
Legendary
Offline
Activity: 1876
Merit: 1510
🔃EN>>AR Translator🔃
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 16, 2024, 03:29:00 PM |
|
Summary of the story: the government wants to be our partner only in gains, but in losses, we alone are forced to bear the financial losses. Very convenient, right?
What do you think of this? Is there any regulation in the betting sector in your country?
Do you think the government should really collect alternative sources of income from its citizens such as online gambling?
I understand your surprise because your country only imposed these laws a few months ago, but I believe that your situation is much better than many countries, especially in terms of the tax rates imposed. For example, I live in an Islamic country where gambling is forbidden according to clear religious legislation. Despite this, the tax law imposes a deduction of 25 percent of any profits for individuals, regardless of their size, compared to a rate exceeding 30 percent for companies. This, of course, does not include in the calculation any losses that the user may have suffered. These laws do not only apply to gambling activities, but also include gaming competitions on the media (television, radio...) Despite the unfairness of these laws, there are still local users of local gambling companies, most of which are monopolized by the state.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
|