Should the government really tax gamblers’ winnings?

[Finestream]

I’m sure most of us already know that when a casino is licensed, they’re required to pay taxes to the government, that’s normal, it’s part of their business. But what about us gamblers? When we win, we’re also required by law to pay taxes on our winnings. 

I get it, the law is the law, and there’s not much we can do about it. But let’s make this thread a bit of a freedom wall. What do you honestly think about this rule? Do you agree that gamblers should still be taxed even after risking their own money? Or do you think it’s unfair, considering the casino already paid theirs?

Say what you want to say to the government here, are you for it or against it?

[Sticky Bomb]

I’m sure most of us already know that when a casino is licensed, they’re required to pay taxes to the government, that’s normal, it’s part of their business. But what about us gamblers? When we win, we’re also required by law to pay taxes on our winnings. 

Every win is seen as a taxable income, but you can report your losses too and the money to be taxed would be only your profits and in the event you are in a net loss, you would not be taxed. We pay taxes for our net profit and not every winning, unless the laws is different in your country

I get it, the law is the law, and there’s not much we can do about it. But let’s make this thread a bit of a freedom wall. What do you honestly think about this rule? Do you agree that gamblers should still be taxed even after risking their own money? Or do you think it’s unfair, considering the casino already paid theirs?

Say what you want to say to the government here, are you for it or against it?

Left for me, I would not want to pay taxes since the government tax the casino already and virtually nobody would want to reduce their winning amount paying taxes if it were not legal but I think the taxes collected from the casino is enough, but the government is greedy and they would always want to extend the taxation to the players winnings.

When it comes to risking your money, there are various vehicles you risk your money in like trading, running a business and even crypto investments but the government always taxes your profits, so it is a norm.

[joeperry]

Say what you want to say to the government here, are you for it or against it?

Everything that involves money, the government will tax that either business or selling property. Personally I don't mind paying taxes as long as it will be used right but if you are aware of the situation in our country most of the government officials especially high ranks were involved in corruption and personally I don't want to pay winning taxes and just go straight to their pockets, I'm wondering if there's a way that the casino where you play with have a some kind of foundation and the winning taxes will go directly to that foundation instead of the government? At least I know that it goes directly in the foundation and it should be a transparent.

[Viscore]

All I can say is the government’s just greedy. It’s not enough that they already earn from gambling operations, they still want to squeeze more out of the gamblers.

Feels like we’re becoming a charity at this point. I really hate the idea of taxing gambling winnings, this is supposed to be one of the few things where we can enjoy and maybe win a bit, even though we lose most of the time. But no, they still want to ruin that little moment too.

[Justbillywitt]

I am seriously against taxing gamblers winnings, because gambling is not a business and there's nothing the government is providing to aid the gamblers to win bets, so their is no justifiable ground to tax the gamblers. The casino owners are the ones that are run the casinos as business so they should be the ones to pay taxes to the government from their realised profits. Since it has been proven that gamblers are on the losing side on the long run, it won't make sense to pay taxes on something you are not profiting from.

[davis196]

I’m sure most of us already know that when a casino is licensed, they’re required to pay taxes to the government, that’s normal, it’s part of their business. But what about us gamblers? When we win, we’re also required by law to pay taxes on our winnings. 

I get it, the law is the law, and there’s not much we can do about it. But let’s make this thread a bit of a freedom wall. What do you honestly think about this rule? Do you agree that gamblers should still be taxed even after risking their own money? Or do you think it’s unfair, considering the casino already paid theirs?

Say what you want to say to the government here, are you for it or against it?

That's an interesting perspective. I've never really thought about this from such a point of view. The gamblers are risking their money, but they have to pay taxes over their winnings. If we are paying taxes for our winnings, then maybe we should be compensated for our losses.
The investors and traders on the financial markets are risking their money as well, but they also have to pay capital gains tax, dividend tax and income tax. The answer is clear. Taxes are inevitable and we have to pay them no matter what. I'm glad that the income tax in my country is really low and my gambling winnings are so insignificant, that I don't have to pay tax for them.

 

[Oshosondy]

There are few countries in the world like Australia and Canada that do not tax gambling.

If I should choose if the government should tax gambling from gamblers, I will choose that government should not be taxing gambling. It is very wrong for government to be taxing gambling.

Only the gambling sites that the government supposed to be taxing and not the gamblers.

[cryptoaddictchie]

Do you agree that gamblers should still be taxed even after risking their own money? Or do you think it’s unfair, considering the casino already paid theirs?

Say what you want to say to the government here, are you for it or against it?

Honestly, I think it’s unfair to tax gamblers on their winnings. We already take the risk with our own money and there’s no guarantee of profit like in a business. When we lose, the government doesn’t cover our losses, but when we win, they suddenly want a share. It feels one sided here to be honest. The casino already pays taxes for running the business, so taxing players again just looks like double dipping whammy effect. If the government really wants to encourage fair play and responsible gambling, they should stop treating winners like easy targets for extra revenue which by the way happening on Philippines my hometown.

[Ruttoshi]

This is modern slavery, where the government task every income that you make but don't consider your losses. The government did the law to favor themselves because they end up being corrupt and pocket the money gotten from taxes.

I am not happy paying tax from my wins because if I run at loss, the government wouldn't pay me back some percentage of my losses. This is unfair, the tax from the casino should cover for all gamblers using the casino.

[viljy]

Is there a country that does not tax the income of citizens? Why should winning at a casino be an exception? Even lottery winnings are taxed! Of course, it would be good if there were no taxes at all. But it doesn't happen that way. Personally, I am ready to pay tax to the state if I win a significant amount of money at the casino. Tax is not a problem. The real problem is how to win.

[Johan van Der Walt]

I firmly believe that taxing players is illogical.

As a player and someone who works in the industry, I can say that it is reasonable that the casino already pays taxes as part of operating the business. However, players are only taking a risk with their own money, they are not running a business or providing a service. When they lose, nobody helps to make up for it, but when they win, the government shows up out of the blue to pay their share.

It’s basically double dipping in my opinion. The house gets taxed for operating, then the player gets taxed for playing. Doesn’t sound right super fair to me.

[Jostern]

I’m sure most of us already know that when a casino is licensed, they’re required to pay taxes to the government, that’s normal, it’s part of their business. But what about us gamblers? When we win, we’re also required by law to pay taxes on our winnings. 

I get it, the law is the law, and there’s not much we can do about it. But let’s make this thread a bit of a freedom wall. What do you honestly think about this rule? Do you agree that gamblers should still be taxed even after risking their own money? Or do you think it’s unfair, considering the casino already paid theirs?

Say what you want to say to the government here, are you for it or against it?

People are paying tax already, so why should gamblers be taxed when the gambling company are paying tax, so I don’t really see any reason why people should be taxed for winning a gambling game, that doesn’t make any sense to me, I have been seeing people in different countries who are gambling games and winnings, but like in the western world where the citizens do pay heavy taxes so what should be the reason why people should be taxed differently for winning a casino bet, well it doesn’t make any sense for people to be taxed differently in a different way, that would be very unfair, especially when this casino companies are paying tax already.

[Finebone]

What do you honestly think about this rule? Do you agree that gamblers should still be taxed even after risking their own money? Or do you think it’s unfair, considering the casino already paid their

If something like this is happening in real sense, I would have asked who will be paying us taxes any time we lose, because I don't get, why would they even think of doing such a stupid thing to milk gamblers that much when the casino has already been taxed, and the monthly or weekly income from the gambler has been taxed already, so it's very wrong for them to even consider taxing gamblers winnings.
Then if that's the case then how will the gamblers recover all their losses?
When they will be taxed from their winning when we all knows that their losses is way more bigger than winnings.

[blomen]

I get it, the law is the law, and there’s not much we can do about it. But let’s make this thread a bit of a freedom wall. What do you honestly think about this rule? Do you agree that gamblers should still be taxed even after risking their own money? Or do you think it’s unfair, considering the casino already paid theirs?

Say what you want to say to the government here, are you for it or against it?

the audience you're asking this question to consists of only one side of the debate, namely gamblers. no one who makes a lot of money from gambling will willingly say, “let me pay taxes.” similarly, i don't think anyone on this forum will defend the government on this issue.

the fact that you are the only one taking the risk for the government, or that no one will back you up if you lose, is irrelevant. if there is money that can be taxed, they want to tax it. whether they are right or wrong is debatable, but tax is a thing, and everyone pays it.

[Synchronice]

I’m sure most of us already know that when a casino is licensed, they’re required to pay taxes to the government, that’s normal, it’s part of their business. But what about us gamblers? When we win, we’re also required by law to pay taxes on our winnings. 

I get it, the law is the law, and there’s not much we can do about it. But let’s make this thread a bit of a freedom wall. What do you honestly think about this rule? Do you agree that gamblers should still be taxed even after risking their own money? Or do you think it’s unfair, considering the casino already paid theirs?

Say what you want to say to the government here, are you for it or against it?

You'll find it hard to find people on Bitcointalk who will agree with you that the government should tax them further, even if the topic touches gambling. It doesn't make sense that I'm required to pay taxes on my winnings when no one asks about my loses and how I struggle when I lose (not me, particularly, I'm just saying).
I'm paying taxes when I work. I gamble from the money that I collected from my hard work while paying taxes too. Casino also pays taxes. Basically both of us pay taxes, so why should I pay extra taxes on casino winning? I gamble via my taxed money, why should I pay double taxes on it? It doesn't make sense to me and will never make.

[mak013]

I’m sure most of us already know that when a casino is licensed, they’re required to pay taxes to the government, that’s normal, it’s part of their business. But what about us gamblers? When we win, we’re also required by law to pay taxes on our winnings. 

I get it, the law is the law, and there’s not much we can do about it. But let’s make this thread a bit of a freedom wall. What do you honestly think about this rule? Do you agree that gamblers should still be taxed even after risking their own money? Or do you think it’s unfair, considering the casino already paid theirs?

Say what you want to say to the government here, are you for it or against it?

Casino pay taxes on their winning, but they don`t pay it for loses. Casinos` loss are our winnings. So we have to pay taxes for it.
In my country casino have to pay taxes for me when my prize more than some sum(i don`t remember what sum it is). I don`t sure if they actually pay, but it doesn`t my problem. Taxes on small prizes i have to pay myself, but i`ve never paid it.
On one hand - it is rightfully to pay taxes on winnings. But who would like to pay additional taxes himself?

[eisen33]

I’m sure most of us already know that when a casino is licensed, they’re required to pay taxes to the government, that’s normal, it’s part of their business. But what about us gamblers? When we win, we’re also required by law to pay taxes on our winnings. 

I get it, the law is the law, and there’s not much we can do about it. But let’s make this thread a bit of a freedom wall. What do you honestly think about this rule? Do you agree that gamblers should still be taxed even after risking their own money? Or do you think it’s unfair, considering the casino already paid theirs?

Say what you want to say to the government here, are you for it or against it?

I think we already pay enough taxes, taxes are everywhere, and adding them to casinos is too much. I think casinos pay large taxes to the government, and that should be enough to keep them from worrying about taking something from players. Especially since players often lose, I mean, based on this, it would be worth calculating the total balance of losses and wins over time, and if a player loses more than they win, they definitely shouldn't pay any taxes.

[ultrloa]

I’m sure most of us already know that when a casino is licensed, they’re required to pay taxes to the government, that’s normal, it’s part of their business. But what about us gamblers? When we win, we’re also required by law to pay taxes on our winnings. 

I get it, the law is the law, and there’s not much we can do about it. But let’s make this thread a bit of a freedom wall. What do you honestly think about this rule? Do you agree that gamblers should still be taxed even after risking their own money? Or do you think it’s unfair, considering the casino already paid theirs?

Say what you want to say to the government here, are you for it or against it?

Yes and most of countries do that, since they consider that thing as income earned by people. It maybe sounds unfair to you but this is what the law dictate that's why we need to follow those regulations they made or else we might face some serious legal issues especially if we try to evade taxes.

I may against it since winning in gambling is uncertain and most of the time we have great chance to lose our money. But government have different outlook on the situation and they usually don't care if the person is really earning or not. Since what they care is to generate revenue from their people.

[suzanne5223]

Based on the concept of gambling, which limits the chance of gamblers winning the game, I believe it's not fair for the gamblers to be taxed after risking their money with a 1% chance of winning the game.
It's the house that the government ought to tax, not the gamblers. However, according to my understanding, not all gambling wins are taxed directly by the government from the gambler's winnings, an example are the online casino and sports betting games.

While the state lottery winners are taxed directly by the government.

[Sally9256]

I’m sure most of us already know that when a casino is licensed, they’re required to pay taxes to the government, that’s normal, it’s part of their business. But what about us gamblers? When we win, we’re also required by law to pay taxes on our winnings. 

I get it, the law is the law, and there’s not much we can do about it. But let’s make this thread a bit of a freedom wall. What do you honestly think about this rule? Do you agree that gamblers should still be taxed even after risking their own money? Or do you think it’s unfair, considering the casino already paid theirs?

Say what you want to say to the government here, are you for it or against it?

Looking at gambling and comparing it to other businesses someone would think it's right to tax gambling because it involves risking money the same way business owners do and when you make profits you are supposed to pay part of it to the government but on the other hand gambling is a bit different from businesses and since the government already benefits from licensed casinos who pay taxes to them I don't see the necessity to tax gamblers from games won because the casino benefits from from them already if they lose, so taxing them for games won is unfair.

Gamblers risk their money and government already tax casinos the only benefit for gamblers is the profit so they should be left to enjoy their profit. I am totally against taxing Gambler for their wins.