By nature, businesses are taxable, so it makes sense that casinos should be taxed. But in some countries, they also tax individual gambling winnings. That got me thinking, what’s the real purpose behind that? Most of us gamblers are overall losers anyway, so what impact does taxing the winnings really have?
Would it actually boost government revenue, or could it backfire and discourage people from gambling altogether, knowing it’s already hard to win and when they finally do, they still have to pay taxes?
It's an act of greed, because casinos are capable to pay any tax needed, if any gamblers are paying tax in their country then it's wrong, gamblers are not supposed to be paying taxes, I've never seen such happened, atleast not in my own country but the sound of it makes me want to vomit.
Sorry to say but if your government is asking for tax from gamblers then they sucks, your government is a very bad one.
Gamblers lose money most of their times, how can they expect them to pay tax after so many losses before they eventually winning? It makes no sense at all, some gamblers lost a lot and what ever they win later won't even be able to cover the past losses.