Newbie Question on tax rate on online betting

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  • ub281
    SBR Rookie
    • 03-30-09
    • 11

    #1
    Newbie Question on tax rate on online betting
    Hello everybody

    what is the tax rate on online betting. And what do u experience guy do for that, and how much would u recommend putting on the side for tax. (per winning)

    I was think about 25%
  • BeatTheJerk
    BARRELED IN @ SBR!
    • 08-19-07
    • 31794

    #2
    Comment
    • BGS 9.5
      SBR MVP
      • 01-10-08
      • 4628

      #3
      It is impossible to say, as it it not mutually exclusive; to the extent you have net gambling winnings, it is subject to whatever tax bracket you are in taking into consideration your other income and expenses.
      Comment
      • flyingillini
        SBR Aristocracy
        • 12-06-06
        • 41219

        #4
        No Mames Guey!
        המוסד‎
        המוסד למודיעין ולתפקידים מיוחדים‎
        Comment
        • dwaechte
          SBR Hall of Famer
          • 08-27-07
          • 5481

          #5
          lol.
          Comment
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