Check out our brand new Local Poker Communities! Get updates and interact with poker players in your area.
Visit the United States Poker Community | Visit the California Poker Community | Read more about the Launch of P5s Local

taxes

Reply to Thread
  1. durrr10 durrr10 is offline

    United States

    Posts: 60
    Joined: Apr 09

    Oct 31st, 2009 (10/31/2009 11:34pm)

    which countries have the highest and lowest gambling taxes?
    a site or something to go to would do fine as an answer also
  2. ApesAreFun ApesAreFun is offline Moderator/Euro Donk

    Norway

    Posts: 6,246
    Joined: Aug 07

    Oct 31st, 2009 (10/31/2009 11:37pm) in reply to durrr10

    The taxing system in Norway sucks pretty hard....
     906 
  3. Deoxyribo Deoxyribo is offline

    Costa Mesa, CA
    United States

    Posts: 5,045
    Joined: Jun 08

    Nov 1st, 2009 (11/1/2009 1:14am) in reply to durrr10

    sigh... dont mention taxes..

    as to your question, i have no idea.
     
  4. MeJahAndOmaha MeJahAndOmaha is offline doesn't talk to roommates

    Posts: 3,180
    Joined: Feb 08

    Nov 1st, 2009 (11/1/2009 1:37am) in reply to durrr10

    don't feel so bad... in April I'm going to be forced to pay taxes on stock market gains that I don't really have!

    I made large gains in the stock market between March and October and will have to pay 25% cap gains tax on them. Then I established new positions in late September. During the downturn in the market over the last two weeks I took massive hits to my current positions, effectively wiping out 60% of the previous gains.

    Heres the catch: due to "wash sale" rules, and the fact that I don't want to sell out of my current underwater positions, I'm going to have to pay taxes on gains that I really don't have anymore. Basically I'll have to come out of pocket to pay taxes on gains that have been subsequently wiped out. WEEEEEEEEEEEEEEEEE!

    Oh and to answer your question, I thought they don't pay gambling tax in the UK? Pretty sure that would be #1. I'd go out on a limb and guess that U.S. laws are the worst and UK laws are the best.
Reply to Thread

Similar Threads