I live in Australia and we have no taxes on all gambling winnings (lottery, hose racing, sports betting and casinos).
I know the USA has gambling taxes and I think it's ridiculous.
You are risking your own money and if you win you are penalised.
I'm curious as to how many other users have to pay taxes on their winnings.
I know the USA has gambling taxes and I think it's ridiculous.
You are risking your own money and if you win you are penalised.
I'm curious as to how many other users have to pay taxes on their winnings.
Mine does. It is taxfree if you win anything below ~$1200 but if you win more than that, you'll have to pay a 20% tax to the government on that winning. I don't think it is any different in any country. Unless it is one of those countries that don't tax income, you'll get taxed whenever you make money from anything. It doesn't matter how you make your money. Whether it is from trading, working, collecting rents or dividends, gambling... they tax them all. They even tax bank interest which is under the inflation rate. You already get buttfucked for putting your money in a bank and they still tax it. Fuck them greedy bitchez.
