Re: What is your definition of Regulation?
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I think an extra tax on winnings is excessive.
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Do you really think that online gambling will ever be legalized and regulated without a "gambling tax"??? Time to wake up and smell the coffee.
Question is, who pays the tax? How will it be levied? And at what percent? Based on past experience with the IRS's stance on tracking gambling sessions they may look to tax either each individual hand, or each table session. This will of course would be in addition to income taxes.
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