Taxes on gambling send the right message? - page 4.

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Quote from: Kasabus on August 11, 2021, 04:03:54 PM

Quote from: BitcoinAccepted on August 11, 2021, 02:10:53 PM

Quote from: worldofcoins on August 11, 2021, 01:53:27 PM

From my experience and gamblers i know will only use this to try to make more money in gambling so they can cover their taxes with the winnings which will somewhat lead them to losing all the money..

Taxing the money on everything is the government's job to make money and make things worse for the people.

Each country has its own rules regarding gambling tax. There are countries where you have to pay tax on the profits per month. In month 1 - 100,000 eur profit, and in month 2 - 90,000 loss, then you will have to pay something of 29% tax from month 1. Count out your profit. But I don't know to what extent governments are actively involved in checking such matters.

I'd say the government are being greedy if they have that kind of huge taxes, it's only the gambling sites that makes consistent profit here, for gamblers, we don't one day we make big profit, the next day we could lose it all together with our fresh capital, so it doesn't make sense at all.

Government would really be getting those complaints if they would raise up a tax on a specific industry just because they are earning much compared to others.I would understand that situation but the increase

should really be on that considerable side where it wouldnt really be that too much and wouldnt really be that too low because this is still a business and that one hadnt been built just because of paying up taxes.

10-15% is considerable but going above that percentage is already too much. If business owners wont really be dealing on that new agreement then say goodbye to their business.

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Quote from: BitcoinAccepted on August 11, 2021, 02:10:53 PM

Quote from: worldofcoins on August 11, 2021, 01:53:27 PM

From my experience and gamblers i know will only use this to try to make more money in gambling so they can cover their taxes with the winnings which will somewhat lead them to losing all the money..

Taxing the money on everything is the government's job to make money and make things worse for the people.

Each country has its own rules regarding gambling tax. There are countries where you have to pay tax on the profits per month. In month 1 - 100,000 eur profit, and in month 2 - 90,000 loss, then you will have to pay something of 29% tax from month 1. Count out your profit. But I don't know to what extent governments are actively involved in checking such matters.

I'd say the government are being greedy if they have that kind of huge taxes, it's only the gambling sites that makes consistent profit here, for gamblers, we don't one day we make big profit, the next day we could lose it all together with our fresh capital, so it doesn't make sense at all.

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Quote from: worldofcoins on August 11, 2021, 01:53:27 PM

From my experience and gamblers i know will only use this to try to make more money in gambling so they can cover their taxes with the winnings which will somewhat lead them to losing all the money..

Taxing the money on everything is the government's job to make money and make things worse for the people.

Each country has its own rules regarding gambling tax. There are countries where you have to pay tax on the profits per month. In month 1 - 100,000 eur profit, and in month 2 - 90,000 loss, then you will have to pay something of 29% tax from month 1. Count out your profit. But I don't know to what extent governments are actively involved in checking such matters.

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From my experience and gamblers i know will only use this to try to make more money in gambling so they can cover their taxes with the winnings which will somewhat lead them to losing all the money..

Taxing the money on everything is the government's job to make money and make things worse for the people.

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Quote from: Kyraishi on August 07, 2021, 07:28:02 PM

Personally, I don't think it's a matter of sending the right message or not. It's just completely foolish to even try to restrict the act of gambling.

Fact of the matter is that taking chances/risks is a basic human instinct, and no matter how hard you try, you won't be able to change that.

Instead of trying to restrict/tax the gambling industry so that regulated entities is virtually impossible to operate, why not take advantage by offering positive regulation and reap the tax benefits instead? It doesn't make any sense to me.

Sending a right message matters anyway especially in present time where there are so many circulated message that sometimes didn't associate to the establishment with an intention to make a unnecessary information to the gambler. On the thread of taxes on gambling send the right message actually not really necessary but on the other hand it is an important reminder especially if a person forget this type of responsibility because as we all know if you know that when you forget or skipped the said date there are some penalty.

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Quote from: semobo on August 10, 2021, 01:35:24 AM

Quote from: Sithara007 on August 08, 2021, 11:26:13 PM

Quote from: semobo on August 07, 2021, 11:31:52 PM

This proves that government never care about the people, they only care about how much revenue they make for example smoking is injurious to health but government decided to restrict people from doing it so they increase tax so that no one is going to buy it but surprisingly the cigarette is the world's top selling products in numbers as per the stats so they keep on increasing tax while saying that you should avoid using it.

Smoking, drinking.etc are personal choice and if you are living in a democratic country then there is not much the government can do about it. They can increase the taxes (not to receive more revenue, but to discourage people from indulging in these habits), but that is it. And I disagree with your argument. If profit making was the only concern here, then the government could have legalized cocaine, magic mushrooms, methamphetamine, heroin and fentanyl. That would provide them manytimes the profit that they are receiving now.

If they legalize other products then consumption of alcohol and cigarettes will be down so those companies will be in loss that is why they influence government to ban others and keep cigarettes as legal products, it may look like a conspiracy but thats what I feel about increase taxes.

Cigars and liquor maybe harmful to our body, but with control, it will not lead to a big problem, while illegal drugs is does really have a bad effect as we all know what people would do if he is under the influence of illegal drugs, they are not in a clear state of mind if they are taking illegal drugs but people who drink alcohol and take cigars, they can think normally.

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Quote from: Sithara007 on August 08, 2021, 11:26:13 PM

Quote from: semobo on August 07, 2021, 11:31:52 PM

This proves that government never care about the people, they only care about how much revenue they make for example smoking is injurious to health but government decided to restrict people from doing it so they increase tax so that no one is going to buy it but surprisingly the cigarette is the world's top selling products in numbers as per the stats so they keep on increasing tax while saying that you should avoid using it.

Smoking, drinking.etc are personal choice and if you are living in a democratic country then there is not much the government can do about it. They can increase the taxes (not to receive more revenue, but to discourage people from indulging in these habits), but that is it. And I disagree with your argument. If profit making was the only concern here, then the government could have legalized cocaine, magic mushrooms, methamphetamine, heroin and fentanyl. That would provide them manytimes the profit that they are receiving now.

If they legalize other products then consumption of alcohol and cigarettes will be down so those companies will be in loss that is why they influence government to ban others and keep cigarettes as legal products, it may look like a conspiracy but thats what I feel about increase taxes.

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Quote from: Reatim on August 07, 2021, 06:21:23 AM

Quote from: michellee on August 07, 2021, 04:59:38 AM

Quote from: fortunecrypto on August 06, 2021, 04:38:16 AM

Many countries including my own are taxing services and products that they think are luxury items, this is to limit people from using and patronizing the products and services, that includes cigarettes, liquors, and services being offered by casinos, so poor or average income, people will not use or patronage these products and services, casinos are heavily taxed because they only want rich people to go there and because they can bear the high taxation because their players and clients are rich people.

I think that can prevent middle and low people class from visiting the casino branded to playing gambling because they can not pay the tax or the tickets to enter the casino. But those people can still play gambling on the other casinos with low specifications for people who want to gamble. Besides that, those casinos do not need them to pay anything because as long as those people have money to gamble, they will be allowed to visit the casino anytime they want.

gamblers will always find ways to play mate , if there are no other option in place where they in? even with those tickets or taxes? they will surely play , will find other amount to play.
like me i live in place where only 2 casinos are available , so if they will be putting more taxes or even tickets ? then i will surely comply and play as i have no options,

In that case people will just play at illegal casinos, we must understand that when taxes are so high towards an activity then this has the effect of people looking for alternatives and this means that while some will decide to gamble less or find another way to spend their time some others will decide to gamble in illegal casinos decreasing the revenue the government was expecting out of this raise in the taxes while at the same time increasing the crimes on the country, which is never a good thing.

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Quote from: finaleshot2016 on August 09, 2021, 03:34:24 AM

Quote from: Sithara007 on August 08, 2021, 11:26:13 PM

Quote from: semobo on August 07, 2021, 11:31:52 PM

This proves that government never care about the people, they only care about how much revenue they make for example smoking is injurious to health but government decided to restrict people from doing it so they increase tax so that no one is going to buy it but surprisingly the cigarette is the world's top selling products in numbers as per the stats so they keep on increasing tax while saying that you should avoid using it.

Smoking, drinking.etc are personal choice and if you are living in a democratic country then there is not much the government can do about it. They can increase the taxes (not to receive more revenue, but to discourage people from indulging in these habits), but that is it. And I disagree with your argument. If profit making was the only concern here, then the government could have legalized cocaine, magic mushrooms, methamphetamine, heroin and fentanyl. That would provide them manytimes the profit that they are receiving now. T

I agree with you, @Sithara007, that taxing habits like smoking and drinking is one of the best ways to limit them. How does a "not-so-supportive government" originate? TBH, if you truly care about our well-being, you should be aware of the other negative effects of those things on us, such as second-hand smoking, which is more dangerous than the user's own smoke. Alcohol causes a person to be violent; there have been numerous studies on this and it can already be proven by simply attending a party and 1 out of 10 can cause harm and violence if drunk, especially if his personality is aggressive. These kinds of things are very dangerous to humans and can affect other people too even they're not the users, physical and mental.

There are many ways to tax, and taxing cigarettes and alcohol is very reasonable for me because I don't smoke because it's bad for our health and not recommended, and those who will be against it are the users.

This kind of taxes should not be applied with gambling as gambling belongs to entertainment and it does not always bring negative effects to gamblers, yes they may lose money in gambling but if it's treated as entertainment, then it should still give them satisfaction. Everyone has their own interest and way to entertain themselves, and not because some people are addicted to gambling, it should not be generalized as gambling being a bad thing.

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Quote from: Sithara007 on August 08, 2021, 11:26:13 PM

Quote from: semobo on August 07, 2021, 11:31:52 PM

This proves that government never care about the people, they only care about how much revenue they make for example smoking is injurious to health but government decided to restrict people from doing it so they increase tax so that no one is going to buy it but surprisingly the cigarette is the world's top selling products in numbers as per the stats so they keep on increasing tax while saying that you should avoid using it.

Smoking, drinking.etc are personal choice and if you are living in a democratic country then there is not much the government can do about it. They can increase the taxes (not to receive more revenue, but to discourage people from indulging in these habits), but that is it. And I disagree with your argument. If profit making was the only concern here, then the government could have legalized cocaine, magic mushrooms, methamphetamine, heroin and fentanyl. That would provide them manytimes the profit that they are receiving now. T

I agree with you, @Sithara007, that taxing habits like smoking and drinking is one of the best ways to limit them. How does a "not-so-supportive government" originate? TBH, if you truly care about our well-being, you should be aware of the other negative effects of those things on us, such as second-hand smoking, which is more dangerous than the user's own smoke. Alcohol causes a person to be violent; there have been numerous studies on this and it can already be proven by simply attending a party and 1 out of 10 can cause harm and violence if drunk, especially if his personality is aggressive. These kinds of things are very dangerous to humans and can affect other people too even they're not the users, physical and mental.

There are many ways to tax, and taxing cigarettes and alcohol is very reasonable for me because I don't smoke because it's bad for our health and not recommended, and those who will be against it are the users.

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Quote from: semobo on August 07, 2021, 11:31:52 PM

This proves that government never care about the people, they only care about how much revenue they make for example smoking is injurious to health but government decided to restrict people from doing it so they increase tax so that no one is going to buy it but surprisingly the cigarette is the world's top selling products in numbers as per the stats so they keep on increasing tax while saying that you should avoid using it.

Smoking, drinking.etc are personal choice and if you are living in a democratic country then there is not much the government can do about it. They can increase the taxes (not to receive more revenue, but to discourage people from indulging in these habits), but that is it. And I disagree with your argument. If profit making was the only concern here, then the government could have legalized cocaine, magic mushrooms, methamphetamine, heroin and fentanyl. That would provide them manytimes the profit that they are receiving now.

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Quote from: paxmao on July 14, 2021, 05:37:29 PM

However, other countries simply set high taxes to these activities, which I think is a false morality, as if by paying these activities can be less questionable. (Note: I personally do not question regulated gambling).

This proves that government never care about the people, they only care about how much revenue they make for example smoking is injurious to health but government decided to restrict people from doing it so they increase tax so that no one is going to buy it but surprisingly the cigarette is the world's top selling products in numbers as per the stats so they keep on increasing tax while saying that you should avoid using it.

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Quote from: Kyraishi on August 07, 2021, 07:28:02 PM

Personally, I don't think it's a matter of sending the right message or not. It's just completely foolish to even try to restrict the act of gambling.

|We know that government will never restrict gambling without a purpose of one thing , Money/gains . so expect that to be true if needed.

Quote

Fact of the matter is that taking chances/risks is a basic human instinct, and no matter how hard you try, you won't be able to change that.

well there are friends of luck and if you are a gambler you know that is happening .

Quote

Instead of trying to restrict/tax the gambling industry so that regulated entities is virtually impossible to operate, why not take advantage by offering positive regulation and reap the tax benefits instead? It doesn't make any sense to me.

that will take long process before they achieve the target funds , we also knew how troubled each government now because of covid19 pandemic that is why we need to understand that they are seeking for more funds now.

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Quote from: Reatim on August 07, 2021, 06:21:23 AM

gamblers will always find ways to play mate , if there are no other option in place where they in? even with those tickets or taxes? they will surely play , will find other amount to play.
like me i live in place where only 2 casinos are available , so if they will be putting more taxes or even tickets ? then i will surely comply and play as i have no options,

Indeed. As you say, gamblers will always find a way to play. They will search for other gambling places that do not have many rules so they do not have to feel difficult to gamble. Maybe that is why illegal gambling is still available in a secret place and not many people know its existence. But if they do not have many options, they can not do anything except follow the rule.

Quote from: nelson4lov on August 07, 2021, 05:56:16 PM

Even though government or other regulatory bodies raise the bar for gambling, people would still look for other ways or opportunities to counter such rules. There are plenty of tools that could help them do that. This is similar to the case of regulation and taxation of cryptocurrencies in many countries but this hasn't stopped users from those countries from participating in crypto. The only thing is that, it might be difficult to access but people would always make a way.

It's either they move to play on platforms with low requirement bar or come up with a trick to manipulate this system so they can gamble regardless.

Even if the government or regulator uses strict gambling rules, that will not stop gamblers from looking for other gambling places. Yes, they can ask their friends who know where the gambling places do not have strict rules.

Gladly, crypto gives that chance for gamblers and in this pandemic in which many people stay at their homes, gamblers found that they can use crypto to continue playing gambling. They can avoid the strict rules while also having a chance to hide their identity in gambling places. That is the benefit for them using crypto so they do not have to be afraid if they break the rules from their country.

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Personally, I don't think it's a matter of sending the right message or not. It's just completely foolish to even try to restrict the act of gambling.

Fact of the matter is that taking chances/risks is a basic human instinct, and no matter how hard you try, you won't be able to change that.

Instead of trying to restrict/tax the gambling industry so that regulated entities is virtually impossible to operate, why not take advantage by offering positive regulation and reap the tax benefits instead? It doesn't make any sense to me.

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Quote from: Zilon on August 06, 2021, 12:42:55 AM

Quote from: Fredomago on July 30, 2021, 11:30:19 AM

Quote from: suzanne5223 on July 30, 2021, 10:54:41 AM

Yes. The rate tax government gave the casino owner is no something they can't handle and I'm sure the government understands how much they are making before increasing their tax rate and the level of revenue the government are getting through casino, I believe they will never do something that will make the casino business evacuate

yeah right, the government will take care of this as they know casino brings a good amount of taxes and implementing higher than this business can acquire might force them to evacuate and find other locations.

There's always basis in terms of placing or implementing taxes, sure deal that behind that we don't know what are the conditions, mostly happened with small time casinos.

Underground deals to make sure that the permits will granted and the house will facilitate without any problems.

Taxes on gambling is been implemented equally not minding if it's really a big gambling company or small one both has a fixed tax the send to the government based on their agreement. If truely this government aren't trying to force them to evacuate then it should have been based on how much revenue the generate.

Yes, tax on gambling are charged equally no matter how big or small the company is, but if you look it from the bright side, the company are charged base on their activities.

Quote from: Zilon on August 06, 2021, 12:42:55 AM

Many countries tries so hard to fight against gambling and many has tried shorting down gambling in their countries with diverse treat measures unleashed on this gambling companies with this are we still going to say the are sending a message of support or evacuation?

They are sending a message of support but also need gambling cooperation in raising funds for the countries and we all how the world economics with the increase in the spread of the covid 19, the government can shut down every physical gambling company because of that but they choose not and the last time I check, if the tax is much for the company to handle they would have evacuated before now.

Quote from: mv1986 on August 06, 2021, 06:51:53 PM

Quote from: suzanne5223 on July 31, 2021, 03:50:42 PM

I also support that increase in tax will 100% affect the average person but most tax supplements only focus on the wealthy people which you also confirmed they also don't bother much about it the tax since it is just another of them giving back to the community.
Regarding the second point, what I said is that all the mention industries make a huge amount of money and the government totally understands what they are doing when they increase their tax rate.

I think it is quite the euphemism to say that rich consider high tax a way to give back. Some may think that way but certainly not all. I rather think that if a billionaire goes into a casino and gambles with 100,000 USD, he doesn't really care whether he can keep 50k or 75k when he manages to double his money. That is very different for people who play with money that is of existential relevance, like many poker players who usually live in places where the tax on poker winnings is zero.

Yes, it is not possible for wealthy people to have the impression that paying tax is also another way of giving back to the community for it is not possible for everybody to be equal, some people like to waste their funds on showbiz, drinks rather than paying their tax.

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Quote from: michellee on August 07, 2021, 04:59:38 AM

Quote from: fortunecrypto on August 06, 2021, 04:38:16 AM

~Snipped

I think that can prevent middle and low people class from visiting the casino branded to playing gambling because they can not pay the tax or the tickets to enter the casino. But those people can still play gambling on the other casinos with low specifications for people who want to gamble. Besides that, those casinos do not need them to pay anything because as long as those people have money to gamble, they will be allowed to visit the casino anytime they want.

Even though government or other regulatory bodies raise the bar for gambling, people would still look for other ways or opportunities to counter such rules. There are plenty of tools that could help them do that. This is similar to the case of regulation and taxation of cryptocurrencies in many countries but this hasn't stopped users from those countries from participating in crypto. The only thing is that, it might be difficult to access but people would always make a way.

It's either they move to play on platforms with low requirement bar or come up with a trick to manipulate this system so they can gamble regardless.

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Quote from: Russlenat on August 07, 2021, 08:13:03 AM

Quote from: Reatim on August 07, 2021, 06:21:23 AM

Quote from: michellee on August 07, 2021, 04:59:38 AM

Quote from: fortunecrypto on August 06, 2021, 04:38:16 AM

Many countries including my own are taxing services and products that they think are luxury items, this is to limit people from using and patronizing the products and services, that includes cigarettes, liquors, and services being offered by casinos, so poor or average income, people will not use or patronage these products and services, casinos are heavily taxed because they only want rich people to go there and because they can bear the high taxation because their players and clients are rich people.

I think that can prevent middle and low people class from visiting the casino branded to playing gambling because they can not pay the tax or the tickets to enter the casino. But those people can still play gambling on the other casinos with low specifications for people who want to gamble. Besides that, those casinos do not need them to pay anything because as long as those people have money to gamble, they will be allowed to visit the casino anytime they want.

gamblers will always find ways to play mate , if there are no other option in place where they in? even with those tickets or taxes? they will surely play , will find other amount to play.
like me i live in place where only 2 casinos are available , so if they will be putting more taxes or even tickets ? then i will surely comply and play as i have no options,

I would not play if there's too much tax on gambling and even the gamblers have to pay the tax, I think with that kind of law, we already loss money even before we gamble and for me, gambling is not anymore fun. In the Philippines, there are no taxes in gambling for bettors, but the operators has to pay high taxes especially those offshore gaming casinos.

This wont be directly be charged up to gamblers itself but would be directly mostly in gambling platforms or businesses and the owner would be the one will be charging into its users but for sure it wont really be that
much noticeable.

Im not aware on talking about direct taxation to those people who do intend to go in gambling places but i dont think that they would able to apply it into those who do play online.
So its impossible to filter it out completely.

When it comes to taxation then its just normal to have this and we know on whats the use of this.

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Quote from: Russlenat on August 07, 2021, 08:13:03 AM

Quote from: Reatim on August 07, 2021, 06:21:23 AM

Quote from: michellee on August 07, 2021, 04:59:38 AM

Quote from: fortunecrypto on August 06, 2021, 04:38:16 AM

Many countries including my own are taxing services and products that they think are luxury items, this is to limit people from using and patronizing the products and services, that includes cigarettes, liquors, and services being offered by casinos, so poor or average income, people will not use or patronage these products and services, casinos are heavily taxed because they only want rich people to go there and because they can bear the high taxation because their players and clients are rich people.

I think that can prevent middle and low people class from visiting the casino branded to playing gambling because they can not pay the tax or the tickets to enter the casino. But those people can still play gambling on the other casinos with low specifications for people who want to gamble. Besides that, those casinos do not need them to pay anything because as long as those people have money to gamble, they will be allowed to visit the casino anytime they want.

gamblers will always find ways to play mate , if there are no other option in place where they in? even with those tickets or taxes? they will surely play , will find other amount to play.
like me i live in place where only 2 casinos are available , so if they will be putting more taxes or even tickets ? then i will surely comply and play as i have no options,

I would not play if there's too much tax on gambling and even the gamblers have to pay the tax, I think with that kind of law, we already loss money even before we gamble and for me, gambling is not anymore fun. In the Philippines, there are no taxes in gambling for bettors, but the operators has to pay high taxes especially those offshore gaming casinos.

Well, your case shows that the first question must be what the message by setting a tax is supposed to be? If it is meant to be a sin tax and it stops you from gambling, the tax obviously send the right message in the sense that it fulfills the desired outcome by the government. It does definitely depend on the amount of taxes the government raises, but I think that double digits will definitely decrease the number of gamblers significantly.

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Quote from: Reatim on August 07, 2021, 06:21:23 AM

Quote from: michellee on August 07, 2021, 04:59:38 AM

Quote from: fortunecrypto on August 06, 2021, 04:38:16 AM

Many countries including my own are taxing services and products that they think are luxury items, this is to limit people from using and patronizing the products and services, that includes cigarettes, liquors, and services being offered by casinos, so poor or average income, people will not use or patronage these products and services, casinos are heavily taxed because they only want rich people to go there and because they can bear the high taxation because their players and clients are rich people.

I think that can prevent middle and low people class from visiting the casino branded to playing gambling because they can not pay the tax or the tickets to enter the casino. But those people can still play gambling on the other casinos with low specifications for people who want to gamble. Besides that, those casinos do not need them to pay anything because as long as those people have money to gamble, they will be allowed to visit the casino anytime they want.

gamblers will always find ways to play mate , if there are no other option in place where they in? even with those tickets or taxes? they will surely play , will find other amount to play.
like me i live in place where only 2 casinos are available , so if they will be putting more taxes or even tickets ? then i will surely comply and play as i have no options,

I would not play if there's too much tax on gambling and even the gamblers have to pay the tax, I think with that kind of law, we already loss money even before we gamble and for me, gambling is not anymore fun. In the Philippines, there are no taxes in gambling for bettors, but the operators has to pay high taxes especially those offshore gaming casinos.

Topic: Taxes on gambling send the right message? - page 4. (Read 3461 times)