Taxes on gambling send the right message? - page 9.

KTChampions

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Quote from: Botnake on July 20, 2021, 03:55:03 PM

Quote from: KTChampions on July 20, 2021, 03:41:30 PM

I think that no matter how much money you have, it is unpleasant to pay unreasonable taxes and if we are talking about rich people, they will not pay them since they have the opportunity to play anywhere in any country. Therefore, it turns out that taxes work mainly against ordinary people. This is bad especially when you consider that big wins are rare in casinos.

It starts with how the tax is computed, if in the first place the taxes are already unreasonable, then, we can assume that this is anti-poor taxes, which means taxes are implemented to discourage the poor or may people with regular jobs to gambling as they'll pay high taxes which would only make them lose more money. There are a lot of countries that do not implement taxes on gamblers, but despite that, there are still a lot of losers and casinos are operating profitably.

To be honest, I don't really understand how a tax can scare off a gambler (especially if we are talking about addicted gamblers). Let's say a gambler has a dream / mania to win ten million dollars - he is unlikely to give it up after learning that he will have to give 35% (as in my country, if I remember correctly) of the winnings as taxes. It is possible that he will only increase the amount of which he will dream Grin

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Quote from: KTChampions on July 20, 2021, 03:41:30 PM

Quote from: robelneo on July 19, 2021, 12:20:42 AM

The government taxes are not really hurting the rich people who can always afford to go to casinos because they have spare money for this, but for average guys like us who just want to have the experience to play on casinos it will be costly, but it will minimize average joe's going to these casinos, there are countries that are so dependent on casinos that they provide everything on that country like Macau and Las Vegas, casinos are the best cash cows of many countries because like prostitution is one of oldest profession and vice.

I think that no matter how much money you have, it is unpleasant to pay unreasonable taxes and if we are talking about rich people, they will not pay them since they have the opportunity to play anywhere in any country. Therefore, it turns out that taxes work mainly against ordinary people. This is bad especially when you consider that big wins are rare in casinos.

It starts with how the tax is computed, if in the first place the taxes are already unreasonable, then, we can assume that this is anti-poor taxes, which means taxes are implemented to discourage the poor or may people with regular jobs to gambling as they'll pay high taxes which would only make them lose more money. There are a lot of countries that do not implement taxes on gamblers, but despite that, there are still a lot of losers and casinos are operating profitably.

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Quote from: robelneo on July 19, 2021, 12:20:42 AM

The government taxes are not really hurting the rich people who can always afford to go to casinos because they have spare money for this, but for average guys like us who just want to have the experience to play on casinos it will be costly, but it will minimize average joe's going to these casinos, there are countries that are so dependent on casinos that they provide everything on that country like Macau and Las Vegas, casinos are the best cash cows of many countries because like prostitution is one of oldest profession and vice.

I think that no matter how much money you have, it is unpleasant to pay unreasonable taxes and if we are talking about rich people, they will not pay them since they have the opportunity to play anywhere in any country. Therefore, it turns out that taxes work mainly against ordinary people. This is bad especially when you consider that big wins are rare in casinos.

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Quote from: yazher on July 20, 2021, 09:30:14 AM

Quote from: Viscore on July 19, 2021, 08:12:21 AM

Poor or rich, both are required to pay taxes, rich people sometimes just don't feel it because they have a big income and they are good in managing their funds. The point here is, if you are good in managing your income and expenses, you'll end up profitable, and it's also about the mentality of a certain person, rich and poor doesn't have the same mentality, that's why they are on a different situation.

Those rich people sometimes rig their documents to pay only small taxes. That's why we have this thing called money laundering where people manipulate their source of income to fool their government and pay only some small amount of it. Because most of the government nowadays take those taxes as theirs when they have the chance to do so and that's what we called corruption where most of the 3rd world countries are suffering right now. If it's just distributed to the poor people, it wouldn't be a problem but the rich people gotta find some way to hide their real assets to avoid those crocodile governments.

This really depends on the country you are living in. It is not that easy to bribe politicians with large amounts of money, I mean really large amounts of money such that it goes undetected. Not saying it is not possible, but it does depend on the country.

What I still don't get is aren't all these gambling companies set up in a way such that they pay low taxes anyway? At least for the online casinos that is the case I am sure.

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Quote from: Viscore on July 19, 2021, 08:12:21 AM

Poor or rich, both are required to pay taxes, rich people sometimes just don't feel it because they have a big income and they are good in managing their funds. The point here is, if you are good in managing your income and expenses, you'll end up profitable, and it's also about the mentality of a certain person, rich and poor doesn't have the same mentality, that's why they are on a different situation.

Those rich people sometimes rig their documents to pay only small taxes. That's why we have this thing called money laundering where people manipulate their source of income to fool their government and pay only some small amount of it. Because most of the government nowadays take those taxes as theirs when they have the chance to do so and that's what we called corruption where most of the 3rd world countries are suffering right now. If it's just distributed to the poor people, it wouldn't be a problem but the rich people gotta find some way to hide their real assets to avoid those crocodile governments.

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Quote from: Obito on July 20, 2021, 12:27:03 AM

Quote from: traderethereum on July 19, 2021, 11:24:02 PM

We know that lobbying in business owners with politicians is happened in many sectors, not just in the gambling industry, because they think that the politicians will have their power, even after they pension.
But if that business owner knows that the government needs that taxes to grow their country, they will not bribe the politicians or the officers because the impact will be worst to them and the officers.

That depends on the ethics and moral compass of the businessman I mean most businessman are greedy right? So there's an unlikely chance that they are going to be giving back to their community.

They will in the other side but as a good advertisement to bring to the notice of the public,

I mean those business owners can extend that help in promote their business they can extend hands just to gather interest from the public, safe and almost free advertisement that will generate more potential prospects to use their services, as long as they can gained those owners will adjust but if they see nothing in returned better not expect from them to take part. That's how greed those people are!

Kittygalore

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These activities have a lot of constant customer so I think that taxation at the highest number is justified because the government wants to take a dip on this activities if they know that it can make a lot of money.

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Quote from: Viscore on July 19, 2021, 08:12:21 AM

Quote from: Lorence.xD on July 19, 2021, 03:35:00 AM

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Poor or rich, both are required to pay taxes, rich people sometimes just don't feel it because they have a big income and they are good in managing their funds. The point here is, if you are good in managing your income and expenses, you'll end up profitable, and it's also about the mentality of a certain person, rich and poor doesn't have the same mentality, that's why they are on a different situation.

Oh no, you're wrong, they feel it, aren't taxes calculated through percentage of your total assets or income something like that? That's why I said that they are bribing and lobbying the politicians, and they have a lot of ways to be exempted from taxation, I mean there's a reason why they buy those worthless and overpriced paintings, and donate it to the gallery or a museum.

Quote from: traderethereum on July 19, 2021, 11:24:02 PM

Quote from: Lorence.xD on July 19, 2021, 03:35:00 AM

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I think they want to get protection from the politicians to run their business without any trouble and maybe they want to reduce the tax fee for them.
We know that lobbying in business owners with politicians is happened in many sectors, not just in the gambling industry, because they think that the politicians will have their power, even after they pension.
But if that business owner knows that the government needs that taxes to grow their country, they will not bribe the politicians or the officers because the impact will be worst to them and the officers.

Exactly, that's why they are immune almost to paying taxes, they secretly instill their politician friends in position of great power and leverage because they want to make sure that they have favours that they can utilize when needed.

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Quote from: traderethereum on July 19, 2021, 11:24:02 PM

We know that lobbying in business owners with politicians is happened in many sectors, not just in the gambling industry, because they think that the politicians will have their power, even after they pension.
But if that business owner knows that the government needs that taxes to grow their country, they will not bribe the politicians or the officers because the impact will be worst to them and the officers.

That depends on the ethics and moral compass of the businessman I mean most businessman are greedy right? So there's an unlikely chance that they are going to be giving back to their community.

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Quote from: Lorence.xD on July 19, 2021, 03:35:00 AM

Quote from: robelneo on July 19, 2021, 12:20:42 AM

Quote from: Lorence.xD on July 19, 2021, 12:06:23 AM

~

The government taxes are not really hurting the rich people who can always afford to go to casinos because they have spare money for this, but for average guys like us who just want to have the experience to play on casinos it will be costly, but it will minimize average joe's going to these casinos, there are countries that are so dependent on casinos that they provide everything on that country like Macau and Las Vegas, casinos are the best cash cows of many countries because like prostitution is one of oldest profession and vice.

It does hurt, they just don't tell it, I mean if it doesn't hurt then why go to the lengths or bribing/lobbying these politicians to have their tax contribution much lower and sometimes even zero, they know that if tax is left unchecked, it could take away a really big chunk of their already big paychecks.

I think they want to get protection from the politicians to run their business without any trouble and maybe they want to reduce the tax fee for them.
We know that lobbying in business owners with politicians is happened in many sectors, not just in the gambling industry, because they think that the politicians will have their power, even after they pension.
But if that business owner knows that the government needs that taxes to grow their country, they will not bribe the politicians or the officers because the impact will be worst to them and the officers.

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Quote from: Lorence.xD on July 19, 2021, 03:35:00 AM

Quote from: robelneo on July 19, 2021, 12:20:42 AM

Quote from: Lorence.xD on July 19, 2021, 12:06:23 AM

~

The government taxes are not really hurting the rich people who can always afford to go to casinos because they have spare money for this, but for average guys like us who just want to have the experience to play on casinos it will be costly, but it will minimize average joe's going to these casinos, there are countries that are so dependent on casinos that they provide everything on that country like Macau and Las Vegas, casinos are the best cash cows of many countries because like prostitution is one of oldest profession and vice.

It does hurt, they just don't tell it, I mean if it doesn't hurt then why go to the lengths or bribing/lobbying these politicians to have their tax contribution much lower and sometimes even zero, they know that if tax is left unchecked, it could take away a really big chunk of their already big paychecks.

Poor or rich, both are required to pay taxes, rich people sometimes just don't feel it because they have a big income and they are good in managing their funds. The point here is, if you are good in managing your income and expenses, you'll end up profitable, and it's also about the mentality of a certain person, rich and poor doesn't have the same mentality, that's why they are on a different situation.

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Quote from: robelneo on July 19, 2021, 12:20:42 AM

Quote from: Lorence.xD on July 19, 2021, 12:06:23 AM

~

The government taxes are not really hurting the rich people who can always afford to go to casinos because they have spare money for this, but for average guys like us who just want to have the experience to play on casinos it will be costly, but it will minimize average joe's going to these casinos, there are countries that are so dependent on casinos that they provide everything on that country like Macau and Las Vegas, casinos are the best cash cows of many countries because like prostitution is one of oldest profession and vice.

It does hurt, they just don't tell it, I mean if it doesn't hurt then why go to the lengths or bribing/lobbying these politicians to have their tax contribution much lower and sometimes even zero, they know that if tax is left unchecked, it could take away a really big chunk of their already big paychecks.

lixer

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Quote from: Silberman on July 18, 2021, 10:20:40 AM

Quote from: robelneo on July 16, 2021, 05:50:16 PM

It is a form of discouraging people from launching a gambling site and for people to stop gambling because of the high cost of setting up and playing in casinos is indeed a false morality you still cannot stop people from gambling, rich people will ignore the cost but those average joes who want to play will have to find ways to sustain their cost of playing in the casinos, they are not punishing the rich players but the average players, who will bear the high cost of playing.

You are right on the sense that taxes can be used in this way, low or no taxes to encourage something and high taxes to discourage certain behaviors, I have no doubt that many politicians see it this way which is why things like alcohol and gambling have such high taxes, but even then I have no doubts there are many politicians that do not really care and are using this as nothing more but a justification to keep raising taxes to those industries.

It's a double-edged sword and that too in 2 ways.

The government might have put more taxes in place to just juice out money but it might actually help some people as they won't gamble too much considering the high taxes in place.

The gambler might find illegal ways of gambling because people are smart enough to know that BTC exists and crypto casinos are literally one click away from them. If only they put sound taxes on gambling, people may not search and gamble on illegal platforms.

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Quote from: Lorence.xD on July 19, 2021, 12:06:23 AM

The activities you've mentioned are all legal except for prostitution for some places and region. They're just taxed really high. Plus, it's not like these businesses are going to lose money due to high taxes, they have a constant customer and they can exactly raise their prices and it won't matter that much for them because their customers will still buy them.

The government taxes are not really hurting the rich people who can always afford to go to casinos because they have spare money for this, but for average guys like us who just want to have the experience to play on casinos it will be costly, but it will minimize average joe's going to these casinos, there are countries that are so dependent on casinos that they provide everything on that country like Macau and Las Vegas, casinos are the best cash cows of many countries because like prostitution is one of oldest profession and vice.

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The activities you've mentioned are all legal except for prostitution for some places and region. They're just taxed really high. Plus, it's not like these businesses are going to lose money due to high taxes, they have a constant customer and they can exactly raise their prices and it won't matter that much for them because their customers will still buy them.

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Quote from: Russlenat on July 18, 2021, 04:22:22 PM

Gambling operators will only stop operating if they are losing, high taxes doesn't mean they operate in a losing manner, some can still sustain because they have a lot of clients that is consistently gambling and that means they are bringing money to the business, also, the government will not implement high taxes if they don't find it reasonable as they are also concern on the business to survive.

If they lose their profit because of the high taxes, they can ask the government and ask to reduce the tax because they will show how much their profit and how much they should pay the tax. If the government is wise to the gambling owner, they will consider reducing the tax because they see the fact that the casino is not getting a big profit from their business. The government will try to help the gambling business to operate because the gambling business is one of the sectors that contribute to the taxes.

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Quote from: Wexnident on July 18, 2021, 11:24:57 PM

Lets be real here, even banks get robbed, I reckon casinos wouldn't be any different. Also I would only go for it taking the best spot in the city IF the city itself was a tourist city. If not, then any other "good" option should work, but definitely not the best option available. Plus worrying about their security isn't exactly wrong, most casinos are private establishments so their security is handled by the company itself and not really the city government. If there was a case, naturally the city government would help but the fastest one to take action would still be the local security that the establishment has.

Even pentagon had been hacked of course there are no perfect place to called safe , but at least casino Houses usually installed strategically meaning the place where this is located mostly are those in declared safer from all places on that same area.

Like in many casinos that i come along in which stand in the center of the city where Camps and Police stations are almost very near in any case of security needs.

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Quote from: Chato1977 on July 18, 2021, 10:23:12 PM

as far as i Know ? casino places are one of the most secure and protected place in every country , They even Spending tons of money for their security as they are also prone to illegal act as Money are also flowing in their houses.

So basically if we are talking about safety then casino is one place to be.

Lets be real here, even banks get robbed, I reckon casinos wouldn't be any different. Also I would only go for it taking the best spot in the city IF the city itself was a tourist city. If not, then any other "good" option should work, but definitely not the best option available. Plus worrying about their security isn't exactly wrong, most casinos are private establishments so their security is handled by the company itself and not really the city government. If there was a case, naturally the city government would help but the fastest one to take action would still be the local security that the establishment has.

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Quote from: robelneo on July 18, 2021, 05:18:23 PM

Quote from: Russlenat on July 18, 2021, 04:22:22 PM

Gambling operators will only stop operating if they are losing, high taxes doesn't mean they operate in a losing manner, some can still sustain because they have a lot of clients that is consistently gambling and that means they are bringing money to the business, also, the government will not implement high taxes if they don't find it reasonable as they are also concern on the business to survive.

They need to cooperate casinos should have the best place in the city should be well protected by the government because it is one of the tourist attractions of every country where Casinos are flourishing or well established, they are not only getting taxes from these casinos they are also getting taxes from the services rendered coming from clients of casinos, so they are paying taxes and the government takes care of their need like peace and order.

as far as i Know ? casino places are one of the most secure and protected place in every country , They even Spending tons of money for their security as they are also prone to illegal act as Money are also flowing in their houses.

So basically if we are talking about safety then casino is one place to be.

Quote from: smyslov on July 18, 2021, 06:03:18 AM

Quote from: Fundamentals Of on July 17, 2021, 09:30:37 PM

But the other option seems more beneficial to the government. If they prohibit gambling, gambling activities would still continue illegally. Illegal gambling would still go on. So in order to implement the law against it, the government will have to spend much money for law enforcement. So it is better to just allow gambling for as long as regulations are complied and taxes paid. The government earns money and pursuing illegal gambling activities would be reduced.

It is really costly to find stop and prosecute these underground gambling casinos, instead of making profit from gambling they will have to spend just stop and prosecute them, but heavy taxes will also force gambling who cannot keep up to go underground so they should not impose very heavy taxes to the point these gambling casinos cannot keep up anymore on it's operation.

That is also in the government as their official are protecting these illegal activities as money are flowing to their pocket .

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Quote from: Reatim on July 18, 2021, 01:13:58 AM

Quote from: Fundamentals Of on July 17, 2021, 09:30:37 PM

Quote from: traderethereum on July 16, 2021, 03:42:00 AM

Quote from: Fundamentals Of on July 15, 2021, 09:53:08 PM

It is obvious that many countries are torn between altogether prohibiting immoral activities such as prostitution and gambling and just allowing them but with regulations because they would still exist anyway. They would rather decriminalize these activities, tax them, make sure it is not abused, etc. But it is still not sending the right message. It is sending the very wrong message, that people are allowed to engage in these immoral activities for as long as the price is right.

If the government thinks that their people can abuse the system or regulations, it is better they prohibit and do not allow their people to gamble or prostitute and those who break that will get punishment.

But the other option seems more beneficial to the government. If they prohibit gambling, gambling activities would still continue illegally. Illegal gambling would still go on. So in order to implement the law against it, the government will have to spend much money for law enforcement. So it is better to just allow gambling for as long as regulations are complied and taxes paid. The government earns money and pursuing illegal gambling activities would be reduced.

While at some point i support the banning of gambling yet we must respect peoples decision on this matter and not only the government , if people really wants gambling ?
or they wanted to stay out of it that is something to look at.

Of course the government should respect their people's decisions. To gamble or not to gamble is within every citizen's freedom. They should be free to choose whether to gamble or not. But the government should also be looking at the possibilities behind its citizens' decisions and their implications. So much have been taken away from individuals, families, fathers, etc because of gambling. Sanity and lives are lost because of gambling. So there has to be a balance.

Topic: Taxes on gambling send the right message? - page 9. (Read 3461 times)