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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (5521)1/31/2000 7:00:00 PM
From: clochard  Read Replies (1) | Respond to of 42523
 
There is no tax on winnings by betting IN THE United Kingdom. If you are in America, you do have to pay.

The bid is when you sell or sell short, the ask is when you buy or cover. You make a bet by choosing to buy or sell short, and specify the number of $$ per point, and if you want, a limit to how far the bet can go against you (before the bet is closed for a loss).



To: Ilaine who wrote (5521)1/31/2000 7:05:00 PM
From: IceShark  Respond to of 42523
 
And Steve forgot to mention that they collect a tax on the bet upfront. So for the UK boyz and girlz, they are basically paying a tax on losers, in general.

He is right, you will get zapped if you report it as a US resident taxpayer, again. Don't know if the Brits collect SS#s though. -g-


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