gambling and taxes

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nate

(@nate)

Posts: 1

New Member

Topic starter

Are there territorial income taxes? If yes, what is the tax rate? Is gambling legal, land based and online(internet)? Is gambling revenue(winnings) taxable?

Posted : December 11, 2002 6:03 pm

Ric

(@Ric)

Posts: 479

Reputable Member

No territorial income tax. You just pay federal taxes and they stay in the territory. Gambling is legal, at least on STX. There's a casino there.

Ric

Posted : December 12, 2002 4:27 am

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