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The Chip Board Archive 21

Re: But no-one ever wins in the long term

But if you add everyone in the country together, the casinos win. grin

Makes no difference anyway. Lets say you had no tax on winnings.
You have a big win. You now have more disposable income.
Two choices......

1. Invest it, die, and someone pays inheritance tax grin
2. Spend it, and whoever you spend it with pays income tax and or tax on profits (assuming you spent it legally grin )

So one way or the other they get the tax anyway grin

Messages In This Thread

AC casinos take winnings from self-banned gambler
Re: AC casinos take winnings from self-banned gamb
Davis dose UK have same law, any tax on winnings?
Typo, sorry David
Gaming Tax in the UK is zero.
US has the most unfair tax in world.
But no-one ever wins in the long term
Re: But no-one ever wins in the long term
Re: But no-one ever wins in the long term
Re: But no-one ever wins in the long term
I am exempt grin
documentation for winnings
In lieu of a SS card
Re: In lieu of a SS card
SS Card is not required anywhere I've played
Re: SS Card is not required anywhere I've played
For privacy reasons...
Re: SS Card is not required anywhere I've played
Re: SS Card is not required anywhere I've played
Don... Federal Withholding Here is a link
Re: Don... Federal Withholding Here is a link
Where I work... A little more insight
Re: Where I work... A little more insight
Re: Where I work... A little more insight
Re: Where I work... A little more insight
No
Also

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