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#1
11-21-2005, 11:00 PM
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about online gambling being illegal
Hey All,
If the U.S. government says online gambling is illegal, then are we supposed to declare it as income, and pay taxes on it? I'm sure alot of you have paid taxes on your winnings. But paying taxes on something that's illegal doesn't make any sense. Isn't that that like a drug dealer paying taxes on his profits?LOL [img]/images/graemlins/laugh.gif[/img] 
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#2
11-21-2005, 11:03 PM
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Re: about online gambling being illegal
[ QUOTE ]
Isn't that that like a drug dealer paying taxes on his profits?LOL [img]/images/graemlins/laugh.gif[/img] [/ QUOTE ] How do you think many of the biggest crime bosses were finally brought to justice?
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#3
11-22-2005, 12:49 AM
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Re: about online gambling being illegal
[ QUOTE ]
[ QUOTE ] Isn't that that like a drug dealer paying taxes on his profits?LOL [img]/images/graemlins/laugh.gif[/img] [/ QUOTE ] How do you think many of the biggest crime bosses were finally brought to justice? [/ QUOTE ] Then they "invented" money laundering to try to avoid tax evasion. At least that's what I saw on The Sopranos.
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#4
11-21-2005, 11:19 PM
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Re: about online gambling being illegal
[ QUOTE ]
But paying taxes on something that's illegal doesn't make any sense. [/ QUOTE ] Huh? So it would make sense if the government rewarded you for breaking the law by charging you no tax on your income while the rest of us who have legal jobs have to pay through the nose for what we earn? That's an interesting perspective.
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#5
11-21-2005, 11:29 PM
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Re: about online gambling being illegal
The government got these criminals because they didn't pay taxes on the money they earned. Drug dealers do have to pay taxes, if the gov't suspects someone of doing illegal activities but has no proof there is nothing they can do. Not paying taxes is illegal and opens the door to further investigation and prosecution
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#6
11-22-2005, 02:08 AM
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Re: about online gambling being illegal
What I meant was, that if someone declared their winnings from an illegal source, they are admitting that they participated in a crime. Should't they be arrested?LOL
Shooby
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#7
11-22-2005, 02:14 AM
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Re: about online gambling being illegal
Gambling is legal in the United States. Just because you declare that you won money gambling doesn't mean that you won it gambling illegally. You could have won it in Vegas.
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#8
11-22-2005, 07:39 AM
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Re: about online gambling being illegal
[ QUOTE ]
What I meant was, that if someone declared their winnings from an illegal source, they are admitting that they participated in a crime. Should't they be arrested?LOL Shooby [/ QUOTE ] The IRS doesn't care what illegal things you do to get your money, as long as they get their cut. They do not report or share any information with other government agencies.
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#10
11-22-2005, 07:53 PM
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Re: about online gambling being illegal
[ QUOTE ]
What I meant was, that if someone declared their winnings from an illegal source, they are admitting that they participated in a crime. Should't they be arrested?LOL Shooby [/ QUOTE ] No because if a tax return were able to be used in this way, people could use the 5th ammendment to not file one.
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