Are You Tax Efficient With Your Gambling Habbits?

Lucasgabd

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Quote from: LUCKMCFLY on December 09, 2023, 05:59:02 PM

Quote from: Lucasgabd on December 07, 2023, 10:13:44 AM

Quote from: Maslate on December 06, 2023, 09:27:10 AM

Quote from: Lucasgabd on December 06, 2023, 08:56:34 AM

Quote from: Orpichukwu on November 30, 2023, 12:52:37 PM

I don't do this at all, and beside, I don't think we have an effective tax system here in my country, and as such, there is no one to come after you, if you report your gambling winnings or losses to the tax authorities; It's just between you and yourself.

Und even if our tax system is effective, it won't get to the gambling section, as the casinos are already paying heavily to the government to maintain their licence and their either annually or monthly tax payable, so gamblers will have little to worry about in regard to that.

But who will even want to give a penny back to their government in the form of tax for gambling winnings when they literally pay tax on all their expenses? At least gambling profits could be an exception.

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

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

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

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

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

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

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

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

South Park

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Quote from: Nwada001 on December 05, 2023, 05:04:05 PM

Quote from: South Park on December 05, 2023, 01:15:12 PM

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

There is one thing that people usually say in my locality: "They say the government always comes for the big fish; they don't waste their hook on small fish in the river; they allow them to grow bigger so that they can also achieve bigger flesh."

This is the same thing that happens with regulators. One might think they have been able to outsmart the system by avoiding tax, but the government might have seen what you ate doing, but looking at the amount involved, they might decide to play a blind eye on it, just waiting for the right time to hit you big, and that right time is when you have either won a big amount from that same thing you refuse to pay tax for or when you have made a big name for yourself and they realise you are equal to whatever you will be sanctioned to pay.

So sometimes I just think that it's better for us to pay out our tax on time if necessary without waiting for them to send notice, although here in my country I believe our tax is added to almost all spending that we do, so I don't even think we can withdraw our big winnings without the casino taking off the tax themselves.

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

LUCKMCFLY

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Quote from: Lucasgabd on December 07, 2023, 10:13:44 AM

Quote from: Maslate on December 06, 2023, 09:27:10 AM

Quote from: Lucasgabd on December 06, 2023, 08:56:34 AM

Quote from: Orpichukwu on November 30, 2023, 12:52:37 PM

I don't do this at all, and beside, I don't think we have an effective tax system here in my country, and as such, there is no one to come after you, if you report your gambling winnings or losses to the tax authorities; It's just between you and yourself.

Und even if our tax system is effective, it won't get to the gambling section, as the casinos are already paying heavily to the government to maintain their licence and their either annually or monthly tax payable, so gamblers will have little to worry about in regard to that.

But who will even want to give a penny back to their government in the form of tax for gambling winnings when they literally pay tax on all their expenses? At least gambling profits could be an exception.

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

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

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

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

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

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

Lucasgabd

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Activity: 2506

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Quote from: Maslate on December 06, 2023, 09:27:10 AM

Quote from: Lucasgabd on December 06, 2023, 08:56:34 AM

Quote from: Orpichukwu on November 30, 2023, 12:52:37 PM

I don't do this at all, and beside, I don't think we have an effective tax system here in my country, and as such, there is no one to come after you, if you report your gambling winnings or losses to the tax authorities; It's just between you and yourself.

Und even if our tax system is effective, it won't get to the gambling section, as the casinos are already paying heavily to the government to maintain their licence and their either annually or monthly tax payable, so gamblers will have little to worry about in regard to that.

But who will even want to give a penny back to their government in the form of tax for gambling winnings when they literally pay tax on all their expenses? At least gambling profits could be an exception.

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

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

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

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

Maslate

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Quote from: Lucasgabd on December 06, 2023, 08:56:34 AM

Quote from: Orpichukwu on November 30, 2023, 12:52:37 PM

I don't do this at all, and beside, I don't think we have an effective tax system here in my country, and as such, there is no one to come after you, if you report your gambling winnings or losses to the tax authorities; It's just between you and yourself.

Und even if our tax system is effective, it won't get to the gambling section, as the casinos are already paying heavily to the government to maintain their licence and their either annually or monthly tax payable, so gamblers will have little to worry about in regard to that.

But who will even want to give a penny back to their government in the form of tax for gambling winnings when they literally pay tax on all their expenses? At least gambling profits could be an exception.

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

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

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

Lucasgabd

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Quote from: Orpichukwu on November 30, 2023, 12:52:37 PM

I don't do this at all, and beside, I don't think we have an effective tax system here in my country, and as such, there is no one to come after you, if you report your gambling winnings or losses to the tax authorities; It's just between you and yourself.

Und even if our tax system is effective, it won't get to the gambling section, as the casinos are already paying heavily to the government to maintain their licence and their either annually or monthly tax payable, so gamblers will have little to worry about in regard to that.

But who will even want to give a penny back to their government in the form of tax for gambling winnings when they literally pay tax on all their expenses? At least gambling profits could be an exception.

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

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

Nwada001

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Quote from: South Park on December 05, 2023, 01:15:12 PM

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

There is one thing that people usually say in my locality: "They say the government always comes for the big fish; they don't waste their hook on small fish in the river; they allow them to grow bigger so that they can also achieve bigger flesh."

This is the same thing that happens with regulators. One might think they have been able to outsmart the system by avoiding tax, but the government might have seen what you ate doing, but looking at the amount involved, they might decide to play a blind eye on it, just waiting for the right time to hit you big, and that right time is when you have either won a big amount from that same thing you refuse to pay tax for or when you have made a big name for yourself and they realise you are equal to whatever you will be sanctioned to pay.

So sometimes I just think that it's better for us to pay out our tax on time if necessary without waiting for them to send notice, although here in my country I believe our tax is added to almost all spending that we do, so I don't even think we can withdraw our big winnings without the casino taking off the tax themselves.

Smack That Ace

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Quote from: Orpichukwu on November 30, 2023, 12:52:37 PM

I don't do this at all, and beside, I don't think we have an effective tax system here in my country, and as such, there is no one to come after you, if you report your gambling winnings or losses to the tax authorities; It's just between you and yourself.

Und even if our tax system is effective, it won't get to the gambling section, as the casinos are already paying heavily to the government to maintain their licence and their either annually or monthly tax payable, so gamblers will have little to worry about in regard to that.

But who will even want to give a penny back to their government in the form of tax for gambling winnings when they literally pay tax on all their expenses? At least gambling profits could be an exception.

Ahh it seems effectiveness of tax system in your country can be questioned. You know that different countries have different taxation systems, and the application of this law is also different.

However regardless of the law and its application in your country, it is important to remember that this law can change at any time, right? Although you may say that govt tax regulations on gambling winnings are currently slack in your country, it is always wise to be aware of the potential legal and financial implications. Countries that have gambling income tax systems in place should always seek the consultancy of a tax professional or financial advisor, only they can provide you with accurate information based on the current legal landscape.
Yes I also think that govt should not take tax from gambler cause they charged casino huge but not every contries are same.

regards

duke

South Park

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Quote from: Orpichukwu on November 30, 2023, 12:52:37 PM

I don't do this at all, and beside, I don't think we have an effective tax system here in my country, and as such, there is no one to come after you, if you report your gambling winnings or losses to the tax authorities; It's just between you and yourself.

Und even if our tax system is effective, it won't get to the gambling section, as the casinos are already paying heavily to the government to maintain their licence and their either annually or monthly tax payable, so gamblers will have little to worry about in regard to that.

But who will even want to give a penny back to their government in the form of tax for gambling winnings when they literally pay tax on all their expenses? At least gambling profits could be an exception.

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

Orpichukwu

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I don't do this at all, and beside, I don't think we have an effective tax system here in my country, and as such, there is no one to come after you, if you report your gambling winnings or losses to the tax authorities; It's just between you and yourself.

Und even if our tax system is effective, it won't get to the gambling section, as the casinos are already paying heavily to the government to maintain their licence and their either annually or monthly tax payable, so gamblers will have little to worry about in regard to that.

But who will even want to give a penny back to their government in the form of tax for gambling winnings when they literally pay tax on all their expenses? At least gambling profits could be an exception.

Lucasgabd

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There's no need to be upset

Quote from: GigaBit on November 29, 2023, 10:26:12 AM

Quote from: South Park on November 28, 2023, 01:02:30 PM

Quote from: Lucasgabd on November 22, 2023, 08:54:04 AM

considering the size of most participants in the forum, even the ones in the many millions of dollars, paying or not won't make such a big difference at an individual level
(remember the governments usually get trillions of usd in taxes)
I'd agree that the money will probably make a bigger difference by direct donations than by going to the government hands

it's a totally unfair game to ask you to pay when you win because when you lose you're not protected for your losses at all.

That is just the way greedy governments operate, and all of them are greedy, they want to know nothing about you if you lose your money, but the moment you earn a single cent they want a cut and they will give you hell if you refuse, besides in the countries in which gambling is legalized casinos have to pay massive taxes already, so I would expect that gamblers could get a break and pay no taxes in a money they simply got out of luck.

If the government of a country tries to impose anything on the public by denying their benefits then it is not possible to find a proper solution. First they need to understand that if public can earn money then they can provide tax but if there is no income then it is unreasonable to fix tax. Although common people do not have the courage to speak against the government. A simple calculation is that gamblers win gambling based on luck where they do not have the condition to pay regular taxes. Because if one wins, there is a chance of losing the other. A gambling company is perfect to pay tax because they have regular income opportunities.

I agree that it's different to tax a company and to tax the gamblers, definitely
but usually the government doesn't care at all
they're more concerned about finding more ways to fund themselves them to make it fair, discover how to spend less or find ways to improve the use of money.

it's said but this is how it goes.

GigaBit

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Quote from: South Park on November 28, 2023, 01:02:30 PM

Quote from: Lucasgabd on November 22, 2023, 08:54:04 AM

considering the size of most participants in the forum, even the ones in the many millions of dollars, paying or not won't make such a big difference at an individual level
(remember the governments usually get trillions of usd in taxes)
I'd agree that the money will probably make a bigger difference by direct donations than by going to the government hands

it's a totally unfair game to ask you to pay when you win because when you lose you're not protected for your losses at all.

That is just the way greedy governments operate, and all of them are greedy, they want to know nothing about you if you lose your money, but the moment you earn a single cent they want a cut and they will give you hell if you refuse, besides in the countries in which gambling is legalized casinos have to pay massive taxes already, so I would expect that gamblers could get a break and pay no taxes in a money they simply got out of luck.

If the government of a country tries to impose anything on the public by denying their benefits then it is not possible to find a proper solution. First they need to understand that if public can earn money then they can provide tax but if there is no income then it is unreasonable to fix tax. Although common people do not have the courage to speak against the government. A simple calculation is that gamblers win gambling based on luck where they do not have the condition to pay regular taxes. Because if one wins, there is a chance of losing the other. A gambling company is perfect to pay tax because they have regular income opportunities.

Blitzboy

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Quote from: Hirose UK on November 22, 2023, 10:18:32 AM

Quote from: Josefjix on November 21, 2023, 02:14:41 PM

Quote from: Litzki1990 on November 09, 2023, 03:38:18 AM

We pay extra tax on everything we use but paying tax on gambling seems a little surprising to me. I'm already tired of paying extra tax on everything and then again if we have to pay tax on such a risky site like gambling it will be a very bad thing for us. Gambling is already very risky, money can be lost when gambling. Paying taxes from a platform where there is no guarantee of money is really ridiculous. Even if I pay taxes for everything else, at least I'll never pay for gambling. I will turn off gambling if necessary but I am not willing to pay taxes for gambling. Every gambler, not just me, will say that and they certainly don't pay the government taxes for their gambling.

We have different opinions when it comes to taxes, it differs depending on the high status of personalities, a celebrity taxes fee is definitely different from a middle class working individual. The government provides revenues and country budgets, we inturn utilized them into significant purposes. Paying tax is part of the levy fee of every citizens but not everyone is keen on paying tasks, some just want to sort out all means to prohibits payment of taxes. Gambling is on another different level, I can't be paying tax for gambling because it's an activity and not an asset owned.

Yes, of course opinions about taxes will always vary between people because countries also have different policies regarding taxes that apply to their entire society.
In the country I live in, gambling is prohibited activity, but there are several fiat gambling sites that are still operating and growing because they here claim to be game of skill and have license, but somehow they get around the law and I assume that they pay taxes in huge amount.
In fact, there are quite lot of artists or celebrities who promote the site freely without any problems with the government or the law.
Here the tax to the public is only about income, not the proceeds from gambling even though it is only for lower class, an annual income tax is still set.

I sure that taxes on gambling winnings will always be rejected or avoided by people in every country because this is a form of tax that is quite burdensome.

Gambling laws and tax policies show intriguing social and political trends. Taxes shape behavior, therefore saying gambling winnings taxes are universally oppressive is misleading. Its odd that these sites thrive under the pretext of "skill games" while gambling is illegal. A pseudo-problem is the fuzzy lines between morality and law.

Celebrity endorsements also question social ideals and public personalities. They promote legally questionable behaviors Why? It shows the complicated relationship between law, ethics, and popular opinion. Your income tax, which excludes gambling, implies that your government prioritizes particular economic activity. This pragmatic approach may implicitly promote gambling, despite its illegality.

Lucasgabd

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There's no need to be upset

Quote from: South Park on November 28, 2023, 01:02:30 PM

Quote from: Lucasgabd on November 22, 2023, 08:54:04 AM

considering the size of most participants in the forum, even the ones in the many millions of dollars, paying or not won't make such a big difference at an individual level
(remember the governments usually get trillions of usd in taxes)
I'd agree that the money will probably make a bigger difference by direct donations than by going to the government hands

it's a totally unfair game to ask you to pay when you win because when you lose you're not protected for your losses at all.

That is just the way greedy governments operate, and all of them are greedy, they want to know nothing about you if you lose your money, but the moment you earn a single cent they want a cut and they will give you hell if you refuse, besides in the countries in which gambling is legalized casinos have to pay massive taxes already, so I would expect that gamblers could get a break and pay no taxes in a money they simply got out of luck.

the system is not fair so people have to choose how they want to navigate
if they'll play it by the rules, be pirates that simply don't care, or something in between

there are definitely more and more tools in the hands of people to protect themselves.

South Park

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Quote from: Lucasgabd on November 22, 2023, 08:54:04 AM

considering the size of most participants in the forum, even the ones in the many millions of dollars, paying or not won't make such a big difference at an individual level
(remember the governments usually get trillions of usd in taxes)
I'd agree that the money will probably make a bigger difference by direct donations than by going to the government hands

it's a totally unfair game to ask you to pay when you win because when you lose you're not protected for your losses at all.

That is just the way greedy governments operate, and all of them are greedy, they want to know nothing about you if you lose your money, but the moment you earn a single cent they want a cut and they will give you hell if you refuse, besides in the countries in which gambling is legalized casinos have to pay massive taxes already, so I would expect that gamblers could get a break and pay no taxes in a money they simply got out of luck.

Hirose UK

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Quote from: Josefjix on November 21, 2023, 02:14:41 PM

Quote from: Litzki1990 on November 09, 2023, 03:38:18 AM

We pay extra tax on everything we use but paying tax on gambling seems a little surprising to me. I'm already tired of paying extra tax on everything and then again if we have to pay tax on such a risky site like gambling it will be a very bad thing for us. Gambling is already very risky, money can be lost when gambling. Paying taxes from a platform where there is no guarantee of money is really ridiculous. Even if I pay taxes for everything else, at least I'll never pay for gambling. I will turn off gambling if necessary but I am not willing to pay taxes for gambling. Every gambler, not just me, will say that and they certainly don't pay the government taxes for their gambling.

We have different opinions when it comes to taxes, it differs depending on the high status of personalities, a celebrity taxes fee is definitely different from a middle class working individual. The government provides revenues and country budgets, we inturn utilized them into significant purposes. Paying tax is part of the levy fee of every citizens but not everyone is keen on paying tasks, some just want to sort out all means to prohibits payment of taxes. Gambling is on another different level, I can't be paying tax for gambling because it's an activity and not an asset owned.

Yes, of course opinions about taxes will always vary between people because countries also have different policies regarding taxes that apply to their entire society.
In the country I live in, gambling is prohibited activity, but there are several fiat gambling sites that are still operating and growing because they here claim to be game of skill and have license, but somehow they get around the law and I assume that they pay taxes in huge amount.
In fact, there are quite lot of artists or celebrities who promote the site freely without any problems with the government or the law.
Here the tax to the public is only about income, not the proceeds from gambling even though it is only for lower class, an annual income tax is still set.

I sure that taxes on gambling winnings will always be rejected or avoided by people in every country because this is a form of tax that is quite burdensome.

Lucasgabd

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Quote from: LUCKMCFLY on November 21, 2023, 12:22:57 PM

Quote from: Lucasgabd on November 17, 2023, 10:12:48 AM

Quote from: LUCKMCFLY on November 16, 2023, 09:48:05 AM

Quote from: angrybirdy on November 12, 2023, 12:49:03 AM

Quote from: Litzki1990 on November 09, 2023, 03:38:18 AM

We pay extra tax on everything we use but paying tax on gambling seems a little surprising to me. I'm already tired of paying extra tax on everything and then again if we have to pay tax on such a risky site like gambling it will be a very bad thing for us. Gambling is already very risky, money can be lost when gambling. Paying taxes from a platform where there is no guarantee of money is really ridiculous. Even if I pay taxes for everything else, at least I'll never pay for gambling. I will turn off gambling if necessary but I am not willing to pay taxes for gambling. Every gambler, not just me, will say that and they certainly don't pay the government taxes for their gambling.

As far as I know, Once you win in any gambling, you won't get the whole value prize because there's a limit amount that is subject to tax. so better to Make sure you keep good records of your gambling activities; losses as well as gains. I as well doesn't want to pay taxes for my gambling activities but it is stated in the law.

I understand that there are European countries like Spain that have to establish or declare almost everything, the thing is that they do not charge the fee for the air that is breathed because it is closed or they have found a way, however Spain is a country that can evade taxes if you go to another country and play, for example a neighboring country, like Portugal, if you are going to play in Portugal the policies are different, they should not charge you tax, because you are outside of Spain, it is an option, now If the person is told that they have to pay taxes because they play in a crypto casino, I think it is not appropriate, because if we assume that crypto is for us to establish an agrable time to have fun, why should we pay taxes to a government? I don't know, sometimes the laws are a little strange, because if I want to play from outside Spain I don't have to pay, the regulations in the countries are very different, they can change from one moment to the next and they can make a difference if you take into consideration the sperosnas decision, what happens if they don't pay?

If I register from Spain under a pseudonymous coaulquer, but they deposit the money into my bank from another country, how will the country realize that I am person X? If I can say that someone entered my account with my internet and played, then how can they determine what they should pay? Those are the things that I don't understand sometimes, because every user in their country has a way of evading taxes, and I say evade because I am a supporter that when you use crypto and in a casino you should not pay anything to any government, let alone pro sar crypto or bitoin, because they do not give any type of benefit and that is what we can exercise when we are in a country like this, for those reasons it is that we must be very emphatic with the rights, we cannot allow ourselves to be trampled on or pay for a government that imposes only its rules where it uses and takes away, but that is my personal opinion.

if you take into account only the laws of a country and not morals, ethics and other ideas than crypto still taxed in some places and not taxed in others
the debate starts to get interesting when we realize that there aren't that many ways to enforce the tax
we're probably moving to a world where there's enough technology for citizens to pay for taxes only if they want to

of course each person will always have to face the consequences of their decisions.

Thus, we ourselves are the ones who decide how to establish a better world with or without taxes on crypto, it is something that we must consider, I in particular have been surprised that many of the forum users have agreed that have to pay to be able to operate with crypto, the truth is that I don't see any sense, it's as if the fun was being privatized, therefore we must be very emphatic about what we want to achieve, it is very easy to say that we want make a difference, but if everything that a government imposes and everyone says yes, it is something that I do not agree with, any government could manage the resources of the country as they want, because that is what they were elected for, and if they steal or something Similarly, the fault of those who elected them, there is no doubt about that.

As a user of many casinos, I always have the option of doing better things, less thinking about giving taxes to a government that in reality, according to my country, does not deserve it, because they are correct in every sense, so if that is the case, how does it make you want to pay something like that? for them? no, it's not worth it.

I could say that things can be seen from the point of view that is more optional and beneficial for everyone, depending on the country we are in, we must pay because I am located in countries like Switzerland, and the Nordic countries where the validity of life is too high, this can lead many to think that things can be seen differently, because the country is focused on doing different activities that completely benefit the inhabitants of the country. For that reason, we can think that it can be different, perhaps for They do, so in this Order of Ideas we could Comply with a Country like That , but if it is a Country that is in the Range of mine , Believe me it does not cause Anything with them , because they are too Corrupt and have no where to scar more money , money that is not intended for the country but for themselves , the Rulers.

considering the size of most participants in the forum, even the ones in the many millions of dollars, paying or not won't make such a big difference at an individual level
(remember the governments usually get trillions of usd in taxes)
I'd agree that the money will probably make a bigger difference by direct donations than by going to the government hands

it's a totally unfair game to ask you to pay when you win because when you lose you're not protected for your losses at all.

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Quote from: Litzki1990 on November 09, 2023, 03:38:18 AM

We pay extra tax on everything we use but paying tax on gambling seems a little surprising to me. I'm already tired of paying extra tax on everything and then again if we have to pay tax on such a risky site like gambling it will be a very bad thing for us. Gambling is already very risky, money can be lost when gambling. Paying taxes from a platform where there is no guarantee of money is really ridiculous. Even if I pay taxes for everything else, at least I'll never pay for gambling. I will turn off gambling if necessary but I am not willing to pay taxes for gambling. Every gambler, not just me, will say that and they certainly don't pay the government taxes for their gambling.

We have different opinions when it comes to taxes, it differs depending on the high status of personalities, a celebrity taxes fee is definitely different from a middle class working individual. The government provides revenues and country budgets, we inturn utilized them into significant purposes. Paying tax is part of the levy fee of every citizens but not everyone is keen on paying tasks, some just want to sort out all means to prohibits payment of taxes. Gambling is on another different level, I can't be paying tax for gambling because it's an activity and not an asset owned.

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Quote from: Lucasgabd on November 17, 2023, 10:12:48 AM

if you take into account only the laws of a country and not morals, ethics and other ideas than crypto still taxed in some places and not taxed in others
the debate starts to get interesting when we realize that there aren't that many ways to enforce the tax
we're probably moving to a world where there's enough technology for citizens to pay for taxes only if they want to

of course each person will always have to face the consequences of their decisions.

Without a doubt governments are slowly realizing this is a possibility, which in part explains why they are getting so harsh with their regulations as they do not want to lose that source of income, the one that in theory should sustain their whole operations, however just as technology can be used to monitor people, it can also be used to avoid the detection of the governments, and while it would be impossible to hide millions of dollars in profits, it is way easier to hide just a few hundreds of dollars if people decide to do it.

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Quote from: SirJohnVonSlotty on September 17, 2023, 01:46:46 AM

Quote

#1. Residents of the UK, Canada, and Australia don’t need to pay anything at all, as these governments view this money as the result of good fortune and do not view gambling as a profession. These earnings do not need to be reported, and nothing is owed on them.

even though my country does not officially allow gambling operations but just like the uk, canada and australia, the government here considers that all the rewards people get from these activities are purely from their good fortune and players will not be charged any fees for their winnings.

what my government is doing is a good thing for me because i don't need to pay taxes on my winnings and i don't need to feel burdened by this.

moreover, the government does not contribute anything to the gambling industry here, so they do not impose taxes on players and platforms that operate here, because from the start gambling is not allowed, but all forms of fraud or crime are not the government's responsibility and players are fully responsible for themselves.

Topic: Are You Tax Efficient With Your Gambling Habbits? (Read 2046 times)