Casino Talks

Posted by: jondo at March 1, 2002, 1:13 pm

Topic: regulation vs irs Forum: Winner Online

This thought just popped into my head as I was wading through all those W2-Gs and thinking maybe the Tea Tax wasn't so bad. I don't drink tea.

If Nevada or any US jurisdiction regulated online gambling, then any and all action would be reportable to the IRS.

If the US then reverses itself and says the casino resides in the server and not the PC then winnings would be taxable for everyone regardless of the country of origin.

Would anyone want to give up their privacy for regulation?

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