Gambling and taxes

tector · #1 11-15-2011, 01:09 PM

This country is apparently among the more stupid places on earth on this issue (among others).

On BC Saturday I was at the Wynn, sitting next to a Canadian who was appalled at the tax routine we have to go through (yes, I actually had a couple of IRS tickets). In Canada, apparently, there is NO tax on gambling winnings. Then, today, I read this about the WSOP:

http://www.taxabletalk.com/2011/11/0...ries-of-poker/

Scav · #2 11-15-2011, 01:10 PM

Quote:

Originally Posted by tector

This country is apparently among the more stupid places on earth on this issue (among others).

On BC Saturday I was at the Wynn, sitting next to a Canadian who was appalled at the tax routine we have to go through (yes, I actually had a couple of IRS tickets). In Canada, apparently, there is NO tax on gambling winnings. Then, today, I read this about the WSOP:

http://www.taxabletalk.com/2011/11/0...ries-of-poker/

No tax tickets in Canada is correct. But everything is taxed there, including things like vet bills and lasix shots, GST (goods/services tax). It sucks.

tector · #3 11-15-2011, 01:20 PM

Hell, I am appalled when I run into the sales taxes I see around the country. We are at 6% here and I thought that was bad. But I was recently in Texas and it was 8.25% where I was at--WTF?

Indian Charlie · #4 11-15-2011, 01:25 PM

Quote:

Originally Posted by tector

Hell, I am appalled when I run into the sales taxes I see around the country. We are at 6% here and I thought that was bad. But I was recently in Texas and it was 8.25% where I was at--WTF?

As much as you hate the religious right, what were you doing in Texass?

tector · #5 11-15-2011, 01:38 PM

It was a brief visit in Dallas. Then I moved on to LV.

Austin is alright, BTW.

Rudeboyelvis · #6 11-15-2011, 01:40 PM

Quote:

Originally Posted by tector

Austin is alright, BTW.

Agree - The only problem with Austin is that it's completely surrounded by Texas

Indian Charlie · #7 11-15-2011, 01:43 PM

Quote:

Originally Posted by tector

It was a brief visit in Dallas. Then I moved on to LV.

Austin is alright, BTW.

Still, hard to picture you in Texass.

You might be the only person less tolerant of those uptight aholes than me.

Who did you end up playing in the KD future book?

PatCummings · #8 11-16-2011, 11:36 AM

Quote:

Originally Posted by tector

Hell, I am appalled when I run into the sales taxes I see around the country. We are at 6% here and I thought that was bad. But I was recently in Texas and it was 8.25% where I was at--WTF?

Texas has no personal income tax though...and cost of living is way lower than many other places in the country. Balances a bit.

tector · #9 11-16-2011, 12:44 PM

Quote:

Originally Posted by PatCummings

Texas has no personal income tax though...and cost of living is way lower than many other places in the country. Balances a bit.

There is no personal income tax here, either. And you can live quite cheaply here as well, if you want to be in the mostly dumbass parts of the state (which are about as dumbass as most of Texas is, to be fair).