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Dendera Online Casino
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US Casino Players Need To Think About Taxes

Many people play online casino games for fun, but there is also the fact that a great number of players head online with the hope of making it rich, and winning a massive prize. A player shouldnít be pinning all of their hopes on winning a mammoth prize to cure all of their money problems, but there is nothing wrong with having a little fantasy about winning so much money. Of course, there is always a side of reality that some players donít factor into the equation, which is silly because, let's face the truth, there are always two things we can be certain about in life, and those two things are death and taxation.

Yes, if you are an online casino winner, you need to be able to pay taxes on your winning. No amount of clever defenses or arguing is going to help you change that fact. Some players will try and tell you that they are playing an online casino that is based abroad, which means that the income derived from these games are not liable for tax. On the one hand, it is easy to see why this would be the case, but it is also fair to say that this completely false. If someone tries to give you this piece of advice, please ignore it and go about paying the taxes on any winnings that you have.

Another argument that some players will try and provide, when it comes to avoiding paying taxes, revolves around the fact that the taxes are earned illegally. The US Government has spent a lot of time in the past few years trying to convince players that online casino games are illegal, and shouldnít be played at all. This is their stance and players will argue against it, but the idea that these games are illegal will not wash with the officials. You only have to think back to Al Capone, whose downfall came over the taxes he didnít pay on all of his illegal activities. Therefore, no matter what you are up to, make sure that you have money put aside to pay your taxes, regardless of how the money was earned.

A number of people also labor under the impression that they wonít be audited, and therefore will not have to pay any taxes. This is a different matter to not paying any taxes at all, and if you are able to sneak under the radar of the officials, then yes, you are likely to get away without having to pay taxes. However, all it takes is for you to be audited once, and then all the money that you have earned from gambling over a number of years can be put under close scrutiny. This will see a player left with a considerable bill, which isnít going to be good in the long run.

There is no doubt that paying taxes is annoying and unliked by most people, but they have to be paid unfortunately. Anyone who says it is okay for an online casino player to not pay taxes is not telling the truth.

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