^{This story was published in Frank's Report. Frank Parlato is an investigative journalist.} ^{Frank Report} ^{is one of the internet’s best destinations for true, unfiltered, hard-hitting journalism run by the acclaimed journalist Frank Parlato.}
^{Since 2015, articles published on} ^{Frank Report} ^{have exposed major scandals and criminal enterprises (including the NXIVM Cult. Frank Parlato has been cited as a source by hundreds of major media outlets around the world, including the New York Times, The Daily Mail, VICE News, CNN, Fox News, Albany Times Union, New York Post, Rolling Stone, People Magazine, Oxygen, Hollywood Life, E! News, CBS Inside Edition, Televisa (Mexico, Stern (Germany, Brisbane Times (Australia, Sun (UK}, Hamilton Spectator (Canada), Haaretz (Israel), Tibetan Journal (Tibet), Dnevnik (Croatia), New Zealand Herald, Sputnik News (Russia), Voici (France), Blich (Switzerland), Pour Femme (Italy), CM Journal (Portugal) and more. Frank Parlato was the lead investigator and coordinating producer of Investigation Discovery’s 2 hour blockbuster special ‘The Lost Women of NXIVM.’)))))
^{From sex trafficking cults disguised as self-empowerment groups to government cronyism depriving citizens of tax-funded programs, Frank Report doesn’t just turn stones – it outright obliterates them.}
^{Welcome to Frank Report, one of the internet’s finest examples of real, unbridled journalism.}

^----

Ghislaine Maxwell – Silver Spoons and Hard Times

August 9, 2020
By Paul Serran
https://frankreport.com/2020/08/09/ghislaine-maxwell-silver-spoons-and-hard-times/
http://archive.is/by7md
Ghislaine Maxwell led much of her life under the world’s fascinated microscopic view, always enthralled by her – famous and infamous – as it watched her fortunes wax and wane.
From the celebrated miracle daughter of media tycoon Robert Maxwell; to the broken young woman who fled scandal in the UK to a small New York apartment, trying to launch a new life; the rebirth Jet-set Ghislaine, who was everywhere at once, longtime companion of Jeffrey Epstein, a man even richer and more shady than her father; the sophisticated middle age woman, a runaway alleged criminal trying hard to avoid detection by her pursuers – finally, to the incarcerated, indicted suspected sex trafficker and perjurer.
Ghislaine was Robert and Betty Maxwell’s miracle baby, born on Christmas Day, 1961. Two days after that, their eldest son suffered a fatal car accident.
In 24 hours, it all had been somehow foretold: joy – and then tragedy.
During the Swinging Sixties, Robert Maxwell served two terms as a Labour Member of Parliament (MP) for Buckingham. He led a multimillionaire lifestyle, and was the host of star-studded parties at Headington Hill Hall, his baronial fifty-three-room Oxford mansion.
The Maxwells spent a million dollars redecorating the mansion. In a stained glass window scene for the imperial staircase, Israeli sculptor Nehemia Azaz depicted Robert Maxwell as the biblical hero Samson tearing down the gates of Gaza: “a titan of luck, impossible achievement, and unlimited wealth”.
They had the use of chauffeured luxury cars. They traveled the world in Robert’s Gulfstream IV Jet and his sleek 180-foot yacht, named Lady Ghislaine.
“If Bob Maxwell didn’t exist, no one could invent him,” Labour Party leader Neil Kinnock celebrated the bombastic, demanding mogul who dined with kings and presidents and had a bottomless appetite for family, food, fortune, and fame.
The first brush with financial and professional hardship came at a age when young Ghislaine would have been mostly sheltered from it.
In the early seventies, after Robert Maxwell tried similar shenanigans in a failed attempt to swindle the American financier Saul Steinberg, who was interested in a strategic acquisition of Pergamon Press. Steinberg claimed that during negotiations, Maxwell falsely stated that a subsidiary responsible for publishing encyclopedias was extremely profitable.
At the same time, Pergamon had been forced to reduce its profit forecasts for 1969 during the period of negotiations, leading to a suspension of dealing in Pergamon shares on the London stock markets.
It was found that Maxwell had contrived to maximize Pergamon’s share price through transactions between his private family companies. This was a criminal practice he would utilize again in the future.
Inspectors from Britain’s Department of Trade and Industry declared Maxwell unfit to run a public company: “Notwithstanding Mr. Maxwell’s acknowledged abilities and energy, he is not in our opinion a person who can be relied on to exercise proper stewardship of a publicly quoted company.”
‘Captain Bob’ established the Maxwell Foundation in tax haven Liechtenstein, in 1970. By the 1980s he come back roaring, prompted by money later said to have originated in the Soviet Union. He bought the Mirror Group built and a massive media conglomerate.
The good times were on: Ghislaine was nicknamed “The Shopper” because of her wild spending funded by Robert’s millions. He also bankrolled her failed corporate gifts business.
During this period, she reportedly had a VERY close relationship with her father and was widely credited with being her father’s favorite child.
In Oxford, Ghislaine led a student life of wealth and privilege. Her father would send Filipino servants to the college house she shared to clean, arrange the table and cook, in the event of a party.
Her career piggybacked on her father’s businesses. She was made director of the Oxford United, and later, put in charge of “special projects” of the New York Daily News.
With her father’s money, she found her way into society, especially in New York — a haven where she could escape his complete control.
But the good times were not to last. Overextended and over-leveraged, Maxwell’s empire was about to crumble.
At this time, Maxwell reportedly was a regular at London’s casinos, playing three tables at once, even dropping $2.5 million in a single night. For years, he had been an inveterate gambler, but this was the behavior of a desperate man whose time was running out.
“He was a very crude man,” said a female writer for Time magazine. “His polish was not very deep. If you were with him for any length of time, it peeled away. I was in his library in the Maxwell House penthouse—a beautiful apartment with marble and servants all over the place—and while I was admiring his books, his valet said to me, ‘You should see Mr. Maxwell’s collection of pornographic tapes’.”
Ghislaine visited her father in his office before he flew off to Gibraltar. “He was looking for an apartment in New York—a sort of pied-à-terre, where he could talk and have meetings—and he wanted me to help him,” she told Vanity Fair. “He asked me to go see a particular apartment. He said, ‘If you like it, I’ll make time to see it and come to New York.’ ” But the next time Ghislaine saw her father, he was dead.
”Ghislaine is the baby of the family and the one who was closest to her father,” her mother Betty told Vanity Press. ”The whole of Ghislaine’s world has collapsed, and it will be very difficult for her to continue.”
When she finally appeared before the reporters, she had collected herself. “How did your father die?” a journalist shouted at Ghislaine Maxwell. “He did not commit suicide. That was just not consistent with his character. I think he was murdered. ”
Maxwell, it turned out, had debts of nearly $5 billion, and had stolen hundreds of millions from the Mirror Group’s pension funds to shore up his faltering companies. That left 32,000 employees exposed to retirement ruin.
The irony was not lost on the hard-hitting British press: Robert Maxwell, a socialist, stealing hundreds of millions of pounds from the Mirror’s pension fund!
He swindled money from two of his public companies, transferred millions in and out the secret family trusts in Liechtenstein, to manipulate the share price of his Corporation.
Robert was called “rogue,” “crook,” “bully,” “thief,” “megalomaniac,” and “gangster.” The press told lurid tales of his sex orgies with midget Filipino hookers.
He was seen as a 310-pound aberration gorging on spoonfuls of caviar. An erratic and cruel tyrant who used Turkish towels for toilet paper. Journalists wrote that he was a spy for the K.G.B. or Mossad or Czech intelligence—or all three.
“My daughter Ghislaine has no money, no trusts, no funds anywhere.” her mother Betty told Vanity Fair. “Neither of [my children] had any money. Their father never gave them any money.”
Their assets were frozen. His son Kevin’s house was put up for sale, as were the Lady Ghislaine and the Gulfstream IV Jet. Their passports were seized.
A friend told The Times of London, “[Ghislaine] had always been the life and soul of the party wherever she wanted to go in the world and never had to worry about money.” Now she was the broken child of a monster, his name forever synonymous to scandal. “She was catatonic,” the friend said.
Forced to vacate her huge company-provided residence, she moved into a small apartment. When a friend came to visit, Ghislaine told her, “They took everything—everything—even the cutlery.”
Little did she know how many more times things in her life would shift from silver spoons to hard times. A woman brought up in luxury, she had everything taken from her, before she came to the United States to begin again.
“He wasn’t a crook,” Ghislaine told Vanity Press. “A thief to me is somebody who steals money. (…) Did he put it in his own pocket? Did he run off with the money? No. And that’s my definition of a crook.”
“I’m surviving—just,” she said. “But I can’t just die quietly in a comer. I have to believe that something good will come out of this mess. It’s sad for my mother. It’s sad to have lost my dad. It’s sad for my brothers. But I would say we’ll be back. Watch this space.”
Ghislaine Maxwell was also being hunted by the tabloids. The Maxwell name was so detested in London that she is said to have had to walk around in a blond wig so people wouldn’t recognize her.
Ghislaine Maxwell’s reinvention didn’t take long. Maxwell moved to the United States just after her father’s death. Her photograph boarding a Concorde to cross the Atlantic caused outrage – her father had just defrauded pensioners out of 750 Million Sterling Pounds.
According to the Mail on Sunday: “Unnoticed by almost everybody, traveling with her was a greying, plumpish, middle-aged American businessman who managed to avoid the photographers. It is to this man that 30-year-old Ghislaine has turned to ease the heartache of her father’s shame.”
“His name is Jeffrey Epstein.”
“Whose house is this, Ghislaine?” a friend asked her in the early 1990’s. “Who lives here?”
My friend,” Maxwell replied.
“Well, is he banging you?” the friend demanded. “What’s the scoop here?”
A trust fund is said to have provided her with an income of $145,000 a year. A far cry from her previous seemingly unending wealth. She “never, ever had any cash. Lots of credit, of course, but no cash”, one friend recalled to the press.
And yet, she lived the high life. She was known in New York as the “female Gatsby” for her lavish entertaining. Had a “reputation for being charming and funny, and a glittering lifestyle straight out of the pages of a society magazine”.
She was now “far from the ever watchful eye of the British press,” Hello! magazine wrote in 1997.
“She is proud of the fact that her new life is all down to her own hard work and has her elegant apartment to show for it,” the magazine mistakenly added. One day, she would “get married and have kids. But it has never been a focus: My focus is my business.”
Ghislaine’s presence added more fuel to the question: “How did Jeffrey Epstein amass his fortune?” For one of the most propagated theories is that Maxwell’s father Robert bankrolled him with funds hidden from the UK authorities.
Jeffrey Epstein built a 21,000-square-foot mansion on a massive ranch in New Mexico, which – he boasted – made his New York townhouse “look like a shack”. He named it the Zorro Ranch. He also acquired a 72-acre island in the Virgin Islands and an 8,600-square-foot home in Paris, with a specially built massage room.
She had found a path back to the lifestyle she’d lost when her father died. “She was used to living very well,” says a friend who knew her then. “She didn’t want to go back to where she was.” All she had to do to keep it was to give ‘the monster’ what he wanted.
Maxwell was expected to drop everything to serve Epstein.
She had to keep everyone in line, because one misstep would unleash the wrath of Epstein, one of the few people who could make Maxwell cry. “He would be screaming over the phone,” recalled an Epstein victim, “and she would burst into tears.”
The New York townhouse became a social nexus; guests could have included members of the Kennedy and Rockefeller clans, “along with the requisite sprinkling of countesses and billionaires,” according to The Times of London.
She was “a modern-day geisha” in a “domain filled with the richest people in the planet. “It’s a world frequented by young half-naked girls in bikinis, billionaires and lavish lifestyles, but it borders on the grotesque. You are never really sure what is going on behind closed doors.”
Royalty was specially prized, which is why her friendship with Prince Andrew became so treasured. In 2000, Maxwell and Epstein attended a Prince Andrew’s party at the Queen’s Sandringham House estate in Norfolk, England. It has been reported that the event was in honor of Maxwell’s 39th birthday.
And yet, Ghislaine began trying to distance herself from Epstein long before he went to jail. In the early 2000s, she hooked up in California with a man much richer than Epstein: Ted Waitt.
Waitt lived in a seven-bedroom, 14-bath mansion in La Jolla, sailed the world aboard a 240-foot mega-yacht, the Plan B. It was equipped with a helipad, Jacuzzi, elevator, gym, and HAD AN ONBOARD SUBMARINE, which Maxwell soon was licensed to pilot.
After Epstein went to prison in Florida for a short period, Maxwell saw the silver spoons turned into hard times again.
Acquaintances that crossed her path reported how she was almost unrecognizable. She was not stylish and attention grabbing anymore, seemed determined to go unnoticed. Her face had no makeup. There was a hint of gray in her black hair, she put on some weight.
“I was so shocked by her look,” a friend recalled to the British press. “I didn’t recognize her.”
She even gave up her once proud name, sometimes introducing herself to new acquaintances only as “G.”
“Where are you living, Ghislaine?” the friend asked. “I lost touch with you.” Maxwell suddenly went blank. “Oh,” she replied, “a little bit everywhere.”
December 2014: Virginia Roberts Giuffre filed a motion in the Southern District of Florida describing Maxwell as Epstein’s “primary coconspirator and participant in his sexual abuse and sex trafficking scheme.”
Maxwell made a huge mistake, issuing an “urgent” statement to the media dismissing the claims as “obvious lies.” That allowed Giuffre, to sue Maxwell for defamation in federal court in New York, a lawsuit “widely viewed as a vessel for Epstein’s victims to expose the scope of Epstein’s crimes,” according to the Miami Herald.
Maxwell affirmed her innocence with fury, at one point of her testimony banging her fists on the table. She also, according to charges filed by the DOJ SDNY, committed two counts of perjury.
2019: when the SDNY reopened the criminal investigation into Jeffrey Epstein, Ghislaine was far away, living the high life.
She met with her friend Prince Andrew in Buckingham Palace, and participated in “Cash & Rocket”, an annual charity road rally. Between races of the rally, she joined the super rich in attending a Masquerade Ball in London’s Victoria and Albert Museum, as well as a White dinner at La Reserve in Geneva and the Red party at the Yacht Club de Monaco.
Those were to be her last reported events. Cash & Rocket scrub Maxwell’s photo from its website once Epstein was arrested and the scandal assaulted the headlines again.
On July 6, 2019, Epstein was arrested by federal agents at Teterboro Airport, arriving from Paris. The FBI raided his mansion, and charged him with sex trafficking of minors.
“Epstein’s pimp girlfriend, Ghislaine Maxwell, a very well-connected Brit socialite cannot just walk free,” actress Ellen Barking tweeted the day after Epstein’s arrest. “This woman is his pimp. She pilots planes [sic] to and from the island. I know because she told me.”
Maxwell again went into hiding, unreachable during legal proceedings. It surfaced in December 2019 that Maxwell was among the people under FBI investigation for facilitating Epstein’s crimes.
She was faced with a tabloid frenzy even bigger than the one that accompanied the death of her father. She again uprooted herself and tried to start over in Manchester-by-the-Sea, a quiet village 30 miles north of Boston, she lived for a time in the $3 million, five-bedroom colonial home of Scott Borgerson, CEO of CargoMetrics, a hedge fund investment company involved in maritime data analytics.
Since Epstein was found dead in jail, last August, she is reported to have moved 36 times, out of fear for her safety. Credible Death threats arrived by social media, email, phone, text, and postal service. It began in earnest with Epstein’s arrest, multiplied with his death, and accelerated in the months that followed. They soon became a routine part of her life.
She hired a professional security firm, with operatives that are veterans of intelligence and law enforcement agencies.
This photoshopped photo of Maxwell surfaced last year to mislead the public into thinking she was in Los Angeles. Frank Report was the first to report the photo a fake, a story that went viral.

“Where in the world was Ghislaine Maxwell? Everyone, it seemed, had a theory, each wilder than the last. She was said to be hiding deep beneath the sea in a submarine, which she was licensed to pilot. Or she was lying low in Israel, under the protection of the Mossad, the powerful intelligence agency with whom her late father supposedly tangled. Or she was in the FBI witness protection program, or ensconced in luxury in a villa in the South of France, or sunning herself naked on the coast of Spain, or holed up in a high-security doomsday bunker belonging to rich and powerful friends whose lives might implode should Maxwell ever reveal what she knows—all the dirty secrets of the dirty world that she and Epstein shared.”
(Vanity Fair – Jul 3, 2020)

Maxwell remained at large, beyond the reach of attorneys, tabloid reporters, and a 10,000-pound reward from The Sun in London.
“It’s a little bit like Elvis—you get lots of reports but they’re hard to verify,” a victim attorney said in May.
She was periodically said to have been spotted around the world, usually in places where she was not. Reporters scoured the globe. Some said she was in Russia trying to get a Oligarch to protect her. Others pointed to Israel or Brazil, China, Singapore, the Middle East, England.
She was “both everywhere and nowhere,” lamented UK’s The Guardian.
On August 2019, she was apparently photographed eating a burger and fries in the Cahuenga Boulevard, in the San Fernando Valley. She held The Book of Honor: The Secret Lives and Deaths of CIA Operatives. Given Ghislaine and her father Robert’s alleged ties to Intelligence Services, this choice does not seem accidental.
Papers were running out of incredible stories to account for her disappearance. A bizarre new theory emerged she could be hiding in a submarine which – as we saw – was not downright impossible, since she DID have a license to pilot underground vehicles.
On July 2nd 2020, Maxwell was arrested by the FBI and NYPD in the small New England town of Bradford, New Hampshire. It is situated at driving distance of the NYSD. They finally found her in a luxurious four-bedroom, 4,365-square-foot home on a wooded lot, called Tuckedaway.
Ghislaine Maxwell was charged with six federal crimes: luring and enticement of minors, sex trafficking of children and perjury.
The crimes took place between 1994 and 1997, the years of her “intimate relationship with Epstein,” when she “assisted, facilitated, and contributed to Jeffrey Epstein’s abuse of minor girls.”
One of the three unnamed victims was “as young as 14 years old when they were groomed and abused by Maxwell and Epstein, both of whom knew that certain victims were in fact under the age of 18.”
FBI assistant director William F. Sweeney Jr. described Maxwell as “one of the villains of this investigation,” who had “slithered away to a gorgeous property” in New Hampshire, where she was “continuing to live a life of privilege while her victims live with the trauma inflicted upon them years ago.”
“I am optimistic about my future,” she said in 1997, “and believe things will continue to improve for me as time passes.”
Now, according to sources close to her, “I don’t think [Ghislaine] sees there is a future,” came the reply.
If found guilty of all charges, Maxwell could face a prison sentence of 35 years. She denies the accusations, and has pleaded not guilty to all six charges.
She will await trial locked up in the Metropolitan Detention Center, in Brooklyn. A dreadful prison that is as removed from her previous “silver spoon” upbringing as it’s possible in the US. Hard times.
She used to be a larger than life character, who once hosted a dinner for NY socialites on ‘the fine art of giving a blow job’. But then, she really blew it.
A report from a source familiar with the Metropolitan Detention Center gives a glum picture of Ghislaine Maxwell’s present conditions.
She is in the women’s section and believed to be confined to a solitary cell. Because of the past history of the MDC, it is not impossible to suspect that Ghislaine could be having sexual relations with one or more corrections officers, either male or female. Her available wealth would permit her to buy some privileges directly from the corrections officers who could smuggle in items for her.
MDC has a history of guards, male and female, enjoying sex with prisoners and smuggling in everything from alcohol to cell phones to drugs. While she is not enjoying what anyone would call a privileged life, and is most likely [because of Covid protocols] confined to her cell, dank and cold [in summer] perhaps as much as 23-24 hours per day and possibly getting only one hot meal per day, our source says, with her wealth and talent to charm, if there is any privilege, any opportunity, any luxury to enjoy at MDC, she is enjoying it.
Of course, she is probably under near-constant surveillance, for no guard wants to go to prison for letting her get murdered or commit suicide – as did her former lover Epstein. It is not known how frequently she is meeting with lawyers in special rooms set aside for the purpose. But an MDC source tells Frank Report that prison officials are known to eavesdrop on those conversations with lawyers and defendants and do so on high profile cases. Whether they report to the prosecution what they learn is unknown.
In the end, Maxwell has a hard road to hoe and will remain in the brutal and unsanitary MDC until she stands trial or makes a plea deal or dies. The possibility of additional charges other than those currently charged against her – for hebephilia crimes in the last century – remain a possibility.
The late Jeffrey Epstein was a convicted hebephile, a person who has urges for post pubescent but under the age of consent children. Is Ghislaine one also? And are there others, famous and prominent men of power who have indulged as Jeffrey and allegedly Ghislaine have done?
The ace in the hole for her, obviously, is, if she has info on other prominent hebephiles that the DOJ for its own partisan or PR reasons might like to selectively prosecute, she can trade that info for a lenient sentence and hopefully not be murdered for doing so.
Her former lover, Jeffrey Epstein, might have committed suicide, as the Mainstream Media and the US Govt. urges you to believe, but there are some who find the coincidences, cameras being off, bones broken indicating he was strangled, guards happening to fall asleep as they were assigned to watch the most famous prisoner in the world, such that that it just might cause reasonable people to doubt the official narrative a little more than the corporate media and prison officials would wants us to doubt.
The same fate might befall Ghislaine and we may never know just what she did. Whether her crimes were confined to herself and Epstein or whether there was a vast network of hebephiles joining in – or – in fairness to her – she is innocent as she claims, something that a trial, if she makes it to trial, might help us determine.

stretcher during the funeral service in Jerusalem’s main convention hall on Nov. 10, 1991. The body is laying on a stretcher, draped in a white Jewish prayer shawl with black stripes as is it tradition of Jewish burials in Israel. (AP Photo/Natik Harnik) Ghislaine is fourth from the left.

https://preview.redd.it/vnzmapdilrg51.png?width=432&format=png&auto=webp&s=bde723c918da88ce07aa1091b70c77baa76c0562

https://preview.redd.it/6v6qco3llrg51.png?width=509&format=png&auto=webp&s=7531e39667e4ee9f869b6c56ef8c53e118a8909f

https://preview.redd.it/xu6z62snlrg51.png?width=574&format=png&auto=webp&s=c96a9decc1af25e8adc0e31b9cdad1d51c67faee

We all love to read stories about big wins and imagine ourselves in the shoes of those winners. But, have you ever thought about what happens at that very moment after successfully beating the slot machine? Usually, the slot machine locks up and, in most cases, you hear the music and see the flashing lights on top of the machine. But one of the first questions every player asks is whether they have to pay taxes on casino winnings? Well, you’re about to find out!

Taxes on Slot Machine Winnings in USA

In the USA, when a lucky player hits a jackpot, there’s the option of receiving the winnings in cash or check. In case it’s a large sum, it’s usually paid by check. However, the IRS only obliges the casinos to report winnings that are larger than $1,200.
Of course, all winners are obliged to show a proper identification— a valid ID or passport. When the casino checks for your identification they also look at your age to make sure you are officially and legally old enough to play. As the minimum legal age for gambling varies from state to state, be sure to check it out before you decide to play.

Do I Have to Report All Winnings?

All gambling winnings received from slot machines are subject to federal taxes, and both cash and non-cash winnings (like a car or a vacation) are fully taxable. Apart from slot machines, the same applies to winnings from lottery, bingo, keno, poker or other games of chance. So, if the amount won on a slot machine is higher than $1200, the casino is required to report it. In other words, all your gambling winnings have to be reported on your tax return as "other income" on Schedule 1 (Form 1040), line 8.

Slot Machine Winnings in W-2G Form

In case it happens to you and you snag that big win (which we hope one day you will), it’s useful to know that casino or other payer must give you a W-2G Form, listing your name, address and Social Security number. So, if the winnings are reported through a W-2G Form, federal taxes will be withheld at a rate of 25%.
If, however, you didn’t provide your Social Security number (or your Tax Identification Number), in that case the withholding will be 28%. Either way, a copy of your Form W-2G should be issued, showing the amount you won alongside the amount of tax withheld. One copy needs to go to the IRS, as well.
Aside from slot winnings, Form W-2G is issued to winners of the following types of gambling activities like:

bingo (for players who win $1,200 or more),
keno (for at least $1,500 worth wins)
poker tournament players (for the $5,000 win or more).
a horse track (if the winnings are 300x your bet)

However, not all gambling winnings are subject to IRS Form W2-G. For instance, W2-G forms are not required for winnings from table games like blackjack, baccarat, and roulette, whatever the amount. You’d still have to report your winnings to the IRS, it’s just you won’t need to do it through W-2G Form.

Are My Slot Losses Deductible?

The good news is that you can deduct your slot losses (line 28 of Schedule A, Form 1040), while the bad news is gambling losses are deductible only up to the amount of your wins. In other words, you can use your losses to compensate for your winnings. So, let’s say you won $200 on one bet, but you lost $400 on one or a few others, you can only deduct the first $200 of losses. Meaning if you didn’t win anything for a year, you won’t be able to deduct any of your gambling losses.
In order to prove your losses, you need to keep good records and have suitable documents. So, whenever you lose, keep those losing tickets, cancelled checks and credit slips. Your documentation must include the amount you won or lost, a date and time, type of wager, type of your gambling activity, name of each casino/address of each casino you visited and the location of their gambling business. You may as well list the people who were with you.

Do State and Local Taxes Apply Separately?

Yes, you are required to pay your state or local taxes on your gambling winnings. In case you travel to another state, and snag some huge winning combo there, that other state would want to tax your winnings too. But don’t worry, you won't be taxed twice, as the state where you reside needs to give you a tax credit for the taxes you pay to that other state.
Keep in mind though that some states like Connecticut, Massachusetts, and Ohio don't allow gambling losses.

Online Slot Taxes

Whether you usually spin the reels of your favourite casino games in land-based casinos in the US, overseas casinos, or online casinos, all income for the citizens of the US is taxable. As a US citizen, you are required to send Form W2G for all winnings from a slot machine (not reduced by the wager) that equals to or is more than $1,200.

Taxes on Slot Machine Winnings in UK

As a resident of the United Kingdom, your gambling winnings won’t be taxed. Unlike the USA mentioned above, you’ll be allowed to keep whatever it is that you have won and earned in Britain, even in case you are a poker pro. Then again, you won’t be able to deduct any losses you might collect.
It doesn’t really matter if you win £5 or £5 million playing online slots, your winnings will be tax-free as long as you reside anywhere in the UK, be that in England, Wales, Northern Ireland or Scotland.

Taxes on Slot Machine Winnings in Canada

If you are a recreational player who lives in Canada, we have good news for you. When it comes to gambling, you don't have to pay taxes as your winnings are totally tax free. According to laws in Canada, gambling activities don’t fall under the category of constant source of income, therefore your winnings will not be taxed.
Canadians don't even pay taxes on their lottery winnings. The only exception here are professional gamblers who make a living from betting and are, therefore, obliged to pay taxes. Keep in mind though, this is the current situation - laws in Canada change frequently, which may also include tax laws.

Taxes on Slot Machine Winnings in Australia

In case you reside in Australia and like to visit casinos from time to time, you’ll be happy to find out that your winnings in Australia will not taxed and here are 3 core reasons for that:

Gambling is not treated a profession (it's treated as a hobby)
The government doesn’t see profits from gambling activities as income, but as a result of good luck
The Australian government taxes casino operators and lottery organisers instead.

Of course, taxation varies from state to state.

Taxes on Slot Machine Winnings in New Zealand

Unlike in Australia, where even professional players can claim they are recreational, in New Zealand slot machine winnings (and any other winnings from casino games) are considered taxable income, in case the player has little income from other resources.
But, apart from professional gambling, it is very unusual for winnings to be taxed in New Zealand. Most often, gambling is considered recreational and not income, so players can enjoy their gameplay as they do not have to pay taxes on their winnings.

[Table] IamA Assistant Racehorse Trainer in the UK. If you want to anything about the industry or horse racing in general let me help. AMA!

Verified? (This bot cannot verify AMAs just yet)
Date: 2014-03-22
Link to submission (Has self-text)

Questions	Answers
I'm involved in horse welfare and rescue in the USA. Here, owners and trainers rarely make provisions for horses that fail to race well or horses that can no longer race. They are commonly shipped to slaughter in Canada. Is it any different in the UK? Here in the USA, horses are raced as 2 and 3 year olds, despite the fact that no horse is skeletally mature before age 5 or 6. (For perspective for non horse people, a 2 year old horse would be about 13 human years old.) Is it the same in the UK?	In the last ten to twenty years there has been an increased push to rehome and retrain as many horses as we as a sport can. I personally try to rehome every horse that leaves the yard to a good home, provided the owner is willing and doesn't want to keep it themselves. I wouldn't say that selling horses, particularly race horses, for slaughter is common practise here. I haven't encountered any instances personally. Horses are frequently run aged two or three in this country as well however I think it's wise to mention that while they do work hard it is not in our or the horses interest to overwork or break them down. In our yard if a young horse is showing signs of struggling we will ease off and give them time.
But, don't a majority of your horses run on turf (compared to US dirt tracks).	We don't use dirt at all here. There are a few all weather tracks for flat meetings but most racing is done on turf.
, aren't pain medications more restricted in the UK circuits, so you really can't run a horse into the ground in the same way as US trainers can.	Drugs are extremely restricted here, even a whiff of it and they will come down hard. Especially after the last couple of years.
Does the horse have any idea that he is going round and round?	Oh yeah. They are clever bastards. You can often tell when it's time to retire a horse from racing because instead of carrying on the race when they get round the course and near to the stables they will try and pull up.
Where do they get jockeys from? Is it genetic? Do they have funny voices from getting their nads squished on the saddle every race?	From Ireland generally! A lot do come from a long line of jockeys or racing families in general.
	Well other than being Irish I guess the funny voice could come from the pounding their bollocks take...
What is a good resource to learn about racing in the UK if I wanted to attend as a tourist?	This website is run by the governing body of racing and has lots of good information on racecourse and fixtures.
	Once you have decided on where you want to go I suggest visiting some of the individual racecourses website as they are much more detailed. If you are visiting London during summer I do suggest going to Windsor they do fantastic evening racing, generally on a Monday night where you can get to the racecourse on a boat that comes up the River Thames. Cool huh?
Is racing there seasonal or year-round?	Horse racing as a sport happens all year round however some elements of it are indeed seasonal.
	For example Flat racing is predominately held over Summer, this is because these horses are generally smaller and appreciate 'faster' (read harder) ground.
	During Winter we get most of the National Hunt meetings. National Hunt is the full name for jumps racing. Generally speaking horses are larger and as such need softer ground to prevent injuries and slow them down.
I've never been to a horse racing track and what are some of the reasons for me to want to go? Have you ever felt like the horses weren't being treated fairly on or off the track? Final question is have you ever witnessed anybody on the track gamble to much that you started to feel it was running their life? Sorry about all the questions!	Horse racing is a fun and enjoyable pastime. It's great to get a lot of people together and go and have a few drinks and a couple of bets on horses, it really is exciting when there is money on it. It's a good fun day out and provided you budget like any other day out, it doesn't have to be really expensive either.
	Welfare is a tough question to answer briefly but I will give it a shot and if their is more interest I can write up a larger response. I personally feel that the majority of trainers provide a very high level of welfare for their horses. We really do love the animals regardless of what people may say. Racehorses get treated especially well, better than most horses kept just for riding I would argue. We are incredibly strictly regulated on animal welfare issues and the punishments are severe for the very few people who do break the rules.
	I personally am not a huge gambler, I have a little flutter every now and then but for the most part It don't gamble. I have not ever seen someone ruin their lives through betting but that's not to say it doesn't happen I'm sure.
If the horses are treated well, why are they whipped to make them run faster at the end of the race?	It's to make them go faster, it causes the horse no damage and Jockeys are carefully regulated. Limits are set in place for how much a whip can be used and bans and fines for excessive use are common.
	Horses are big animals and the whip is primarily a correctional tool, they are trained to respond to it and it's used to keep them under control. Most schools of equestrianism use the whip in some form.
Last year, there were some interesting articles in the press about how horse racing was a dying sport (for example, here and here). How does it look from your perspective?	Horse racing is the second most attended sport in the UK, we also hold something like 6 of the highest 10 sporting fixtures in the UK each year. However the average age of the racegoer is getting higher and higher, at a higher level than I there must be a push to encourage a younger audience to attend racing. Racing in this country is coming under attack from decreasing in funding by the betting industry. Every year we receive less money to go towards prize money and such due to an archiac system called the Levy which is supposed to provided the sport with a proportion of bookmakers profits. Improvements look to be being made in this are as the Government, I believe, is pushing to regulate the betting industry differently allowing online betting in particular to be properly taxed and the money collected. It's tough for trainers right now. There aren't as many trainers around than there were in 2007. The recession hit us hard as unsurprisingly the first cost most people shed was a racehorse in training. Ultimately though the situation does start to look like its improving, people are buying horses again and yards are starting to be a bit larger each year. The next one to look out for is China. Racing is becoming very popular there and gambling isn't even legal on mainland china. If China liberalises at the rate it has been it may only be a few years before they regulate the betting industry and everything really kicks off.
Thank you so much for the reply! If you have a minute, I have another question or two... How often do horses race internationally, such as coming from the UK to race in the US or vice-versa? What about going to the Middle East? Also, are there many horses from South America in the UK racing circuit?	Our top flight horses travel all over the world to contest titles. This is called "raiding" and foreigners come to England to do it too! The Breeders Cup is something every trainer wants to win. As for the Middle East the main draw is the money. It is insane. Next Saturday is the Dubai World Cup held at Meydan. They built this huge racing complex way out in the desert and hold loads of expensive racing at night to avoid the heat. Pretty surreal compared to here. I don't know of any South American horses running under rules and I'm not certain why they wouldn't. I suppose they don't have any good enough to warrant the expense of travelling over.
I was curious about the South American horses because a few years back there seemed to be a bunch of them on the American circuit from Argentina (that American owners had purchased). I think it had to do with the dollar being so strong and the economy in Argentina being so bad.	Ahh. I think they race on dirt over in Argentina so they would be better suited for American racing.
Where are the races held? What are the most popular meets? Is "meets" the right word?	Racing is held all over the UK Some of the most popular meetings are Royal Ascot, the Derby Meeting at Epsom and Glorious Goodwood on the Flat. Thousands of people attend these three or four day long meetings every year and it's really quite a sight!
	Over the Jumps the most popular are the Cheltenham Festival and the Grand National meeting at Aintree in Liverpool. The Cheltenham Festival is a personal favourite of mine as the atmosphere is truly electric, around 60,000 people attend each day.
	Edit: Whoops! Yes meets is a fine phrase. More commonly people will say meetings, fixtures or races.
Thanks so much for your time, and I wish you the best of luck in the future!	Your father sounds like a proper horseman. Id like to think I can spot a good one but not nearly as well as my father or my grandfather. It's a skill we all pick up the more we watch.
What's your favorite track? Have you had a few of your horses run in the US? I know whenever I see a steeplechase race in the program, the overwhelming majority of horses in the race are from Great Britain.	My favourite to go to as a racegoer would have to be Newbury. The facilities are amazing and the racing is generally of a really high quality both on the flat and over the jumps. Professionally in recent years we have had some success at Plumpton down on the South Coast near Brighton, it's a nice little country course.
	Not for my yard no sadly but I would love to come over for some of your racing. Some of my extended family take a few horses out there every now and then. It's every trainers dream to raid a Breeders Cup!
When it's clear your horse stands no chance, how much do you lay the horse on betfair?	Call me a man of integrity but I don't at all. Maybe that's because it's been so long since I had a favourite...
Who makes the best sausages in Newmarket?	Dunno mate. I'm all about the lasagne.
Roughly what percentage of races are still fixed?	I have no idea to be honest. It's probably very very low, it's a hard thing to pull off and the punishments are very strict. Life long bans and potential criminal prosecution.
	A few do attempt it of course, a big ring got taken down a few years ago. It's a shame that this is an issue that press fixate upon really as on a day to day basis you don't even think about it within the Industry.
Would it be advantageous for a midget to be a jockey?	Not at all! Jockey's are professional sportsmen in a job where if you can't make the weight you can't ride. Some jockey's have to be very light while others can afford to be heavier, it depends on their role as every horse generally requires a different weight based on their handicap rating (A whole other kettle of fish).
	Jockeys not only have to be light but have to be incredibly fit and strong. It's really hard work to ride a horse in that style for possibly four miles. Most jockey's I know aren't just good jockeys they are athletes who are proficient at most sports. They really seem to love golf.
If I could go back in time I would love to have gone the career path of a jockey... their commitment to the sport is fantastic and they really put their bodies on the line.	Complete Commitment
I just hope some people understand the distances these jockeys travel just to do the job, they will do 2 meetings a day where possible, day in - day out. The physical exertion must be intense only to wake up and do it all over again.	It's important to note that during the day most of them work for a trainer as well. They will ride out maybe three or four lots in the morning before going racing sometimes.
Do you gamble? Do you often get tips and are they reliable?	Not often, I do for fun every now and then and always over the Cheltenham Festival.
	Sadly not often but sometimes a good tip comes along. Often I'm too sceptical to believe it.
Thanks for doing this! I'm a big fan of horse racing and was wondering, what should I be looking at when placing my bet on a certain horse?. Days off? Avg class ? High speed? Etc. in other words , what is the most important stat?	Form is the big one. Form over a comparable distance with comparable ground conditions. You can start to make educated guesses each way after that if you start to take in other variables like equipment etc.
The going has a massive impact from my experience, if the horse doesn't run well on a certain ground its a no-no.	I couldn't agree more, going is vitally important however generally speaking when we run a horse on different ground than normal we are hoping it will overcome it.
When they state in the paper that they are wearing headgear or blinkers etc. do you think this can make a significant difference?	Headgear is a really useful tool, sometimes they go really well. Other times it has no effect. Sometimes the effects deteriorate over time. Generally if one of mine is wearing head gear for the first time it means we have worked it at home and it's worked really well.
What was the most expensive batch of horse seed you know of being sold?	By horse seed do you mean semen? If so in the Thoroughbred Bloodstock Industry Artificial Insemination is banned. Only natural coverings are permitted. Race horses are still crazy expensive though. People can spend millions of pounds on one horse.
What's your most gruesome story? i've heard some pretty horrific stuff from botched castrations/surgeries on horses.	As for most gruesome I don't have any really awful ones about horses. We have had some nasty falls and one went through a barbed wire fence once but nothing truly disgusting. Likewise never seen any botched geldings or surgeries. But they do happen, I like to think the vet we use is pretty good so I hope it won't happen anytime soon!
Only live coverage is allowed? Fascinating. Why is that the case? So I take it that there is a limited amount of bloodlines unless you actually ship the horse out of country/continent?	A few reasons.
	One, limits the number of stock from a single stallion. AI decreases the cost of covering so semen would be more readily available. You would end up with thousands of foal in the same year by the same sire. Thats a quick way to fuck up your bloodlines.
	Two, why would they change to it? Now all the selling power is held by those who it would affect most. The studs which own the stallions make millions of pounds a year in coverings, if they saturate (literally in this case) the market they will make loses.
	Three, racing is an international sport, if one country did it and no one followed suit very quickly they would find themselves isolated with a horse population that couldn't compete abroad.
What is your favorite color?	Blue. I like Blue...
That is the correct answer, OP. Now you must answer one more question to cross the bridge. What is the airspeed velocity of an unladen swallow?	African or European?
European.	Ffffuuu...
Ohh boy. I've been wanting to ask so many questions about your industry but wasnt quite sure what sub to go to. Thanks for doing this ama.A bunch of questions here. Hope you can clear things up for me. How do trainers even make money. Sometimes the odds of a horse winning are upwards of 20/1 when the prize money is usually around 10k-20k(?). factor in the logistical, training and acquiring costs and seems like a losers game to train a horse (?)	Hey man! Hope I can help. Trainers charge the owners of horses a training fee. This is generally a daily charge plus extras . Sometimes it's very hard to make money as a trainer, a lot of people don't turn a profit training racehorses many just do it for the fun and the lifestyle.
How do you even judge how fast a horse will be when you go to three auction?	Generally breeding, if the mare and stallion are good the horse has a better chance of being good. Ideally you compare the horse to a full sibling however this is rare and you generally end up comparing them to half brothesister on the maternal side.
The Grand National seems like an absolutely absurd event to me. Would you say it enjoys broad support among the racing community?	I think it's a truly impressive spectacle that is the hardest test we throw at our toughest horse and jockey teams. I don't feel it's representative of the day to day life in the racing world however.
I worked at the grand national once. a G4S man tried to crush me in a bin. Consequentially I don't trust anyone associated with your profession. Sorry about that.	Aww come on. G4S as in the men being done for manslaughter? Trust me when I say we hate those hired security at the big meetings more than you do. We normally know the guy on the gate because it's been the same one for maybe twenty years. However at the big meetings they roll out extra staff and they get lost in the crowd somewhere...
How much pressure is there for the horses to get results? If you had a severe patch of not winning many races does this affect the finances of the yard?	Everyone wants their horse to perform at the height of it's ability so it's tough. Hopefully you have owners who understand it's just a patch and that fortune will turn round in the long run.
	Yards as a general rule of thumb don't really on prize money to fund themselves, it does however draw in new owners!
So whats the bread and butter of a decent yard then?	The brad and butter is training fees through a daily cost per horse plus extras.
	One or two wealthy owners who love the sport and who have three or more horses each are what every yard really needs. These owners are hopefully loyal and will use you year after year, topping up their stock. They are the ones who keep racing afloat.
In respect to training under saddle, what do the horses need to learn beyond the very basics of carrying a rider? In other words, what are some of the subtleties of a good racehorse's training?	A lot of the time it's basic riding skills, shortening and quickening stride etc but the real aim is to get them to respond as well to the rider as possible. They have to respond to being asked to quicken or shorten. Ultimately each horse is different and generally the rider changes a lot to suit the horse.
Do you worry about having them change leads during certain sections of a race? With stride length, is it all based off rein cues since the jockey doesn't really have any leg (or seat!) aids to work with? Thank you!	To be perfectly honest by this point I'm just glad I have got them there, it's the jockey's job to make sure he gives them a proper race. If you watch a race you will see the jockey uses his entire body when quickening, they still use their heels as much as they can!
So it's basically all about speed control? Could you explain how jockeys signal for the changes?	Watch this
	You can see as they come round the corner the jockey is holding his hands in a way that the bit just makes contact with the horse and holds it steady. When they ask them to go faster they break that contact and the horse no longer feel the bit and are physically encouraged by the jockeys movement.
Where do you get the leprechauns used in horse racing? and how do you coax them to ride horses for you?	I generally find them hanging around rainbows actually. I offer them gold.
Did you ever get to work with / alongside Kauto Star? If so, just how awesome was he in person. His last King George win brought me to tears, such an amazing, beautiful horse!	Sadly no but I was always a great fan of his. Great looking animal he was!
When I was in Newmarket visiting some of the tracks I was told that horse racing began to decline in the community when corruption with gambling and the treatment of jockeys were made aware. Due to these dilemmas, the community no longer firmly supported horse racing because it did not contribute to the steady state of the community that they initially sought. Is there truth to this? Can you further explain? Thanks!	I think that maybe historically that could be the case but less so in this day and age. Nowadays corruption is rare and much easier to detect, staff welfare is very important and they have their own unions which continually lobby for better conditions.
Would you rather train 100 duck-sized horses or 1 horse-sized duck?	Come on.
	One horse sized duck. Think of the eggs...
Have u ever met John McCririck and is he a douchebag ?	Not a face to face introduction but have attended several events he's been at.
	Can confirm. Is a douchebag.
I just purchased an OTTB here in the US...he has set osselets and his last race was this past January. Is it common to race a horse with known ankle problems?	Nope. If it moves badly it doesn't race. Fluid, comfortable movement is one of the most important things in horse welfare.
Do your racehorses piss frequently, or is it just that when they do have to piss, they really have to piss and can't hold it in?	Aww man. They piss a lot. And it's not pleasant either. Did you know, horses are unable to walk and piss. They just can't do it.
	Horses like to piss at irritating times, unless of course we are being dope tested and they will absolutely refuse for hours.
Did you know, horses are unable to walk and piss. I don't think that I could either; it's an eitheor thing for me.	You should try it. it looks hilarious.
Odd question, but have you ever had any luck teaching them to do their business in one particular place, like a dog, or do they go pretty much anywhere? I worked at a stable once, and there was an old stallion who would only "go" in one corner of his stall...	Horses are weird. There is no method. Some are just mental.
What kind of preparation does the horse go through the day and night before a race? I've always wondered do horses ever have a terrible nights sleep or a bad travel to the course and that causes them to under-perform. Whats the most common reason a horse under-performs in your opinion?	There is a few things that may happen. If the race is far away the horse may travel to the racecourse the night before. This is to allow it to recover to be in best condition as long travel is taxing to the horse.
	If it's at home I will give it less bulky feed at it's morning feed. Just high energy protein generally. We will then jump in the box and drive to the racecourse to arrive a few hours before the race. I think travel is a consideration when considering under performing horses.
	Most common reasons for underperformance... I'd have to say the ground. If the ground isn't to the liking of the horse it can have a real effect on the way they run the race.
What happens to mediocre horses after they're through racing?	We try to rehome them just as well as the best ones. A lot of owners really care about their horses and take them back for their retirement. If nothing can be done sometimes they have to be put down which is always sad.
What's the best breed? Both for racing and in general.	Well thoroughbreds. It's the only professional racing in this country and I think they look just great.
Would it be legal for you to bet?	It is legal for me to bet on one of my horses to win. I can't bet to lay a horse. I believe Jockeys can't bet at all.
	Edit: Word change...
Who's going to win the Derby this year?	God I wish I knew. Aidan O'Brien's probably got a good shot with his thing. That man gets some class horses.
What kind of jobs are there in the racing industry? I have grown up with horses and would love to work with them professionally but unsure what is available really. Do you need racing experience to become involved in the racing world? Exciting to see a fellow Brit here :)	Try this
	My best advice is find your local trainer and offer to work on weekends. They may pay you but they might not. If you're lucky they will give you a chance.
Hi,I was a part time worker of japanese horse racing track.it was the easiest and well paid job I have ever gotten. do you have any ideas to improve japanese horse racing industry?or do you know any good japanese jockeys or horses?	Hey there, I don't really know much about Japanese racing apart from it's got one of the best prize money returns! I think we can learn a lot more from you than you could from us.
When jockeys change weights, do they have to make up additional weights? If so, how are the additional weights attached on?	They do indeed need to carry more weight. This done in the form of weight plates, these are made of lead and added to a special weight cloth worn under the saddle.
Do you get to go to the races with the horses you train?	I try to go with as many as I can, either to lead up and groom or to saddle up. Sadly I don't have as much time as I used to but I still make all the effort to go. Especially for my favourites.
If you make it to Brighton, there's a load of redditors who meet up several times a week.	Fantastic! I quite frequently go to Fontwell and Plumpton which are both nearby (kinda) haven't raced at Brighton though. I will have to alert the redditors next time I'm there...
BTW, Where's Shergar??	I will forward that question to Findus for you. They are good at hiding horses.
Is operant conditioning used in training, i.e. race with other horses and reward the horse when it wins?	I wouldn't say it's used as a training method. If one of mine wins I always give it a little something extra and a few days off.
My potential future father-in-law was a horse trainer in his youth. What are some things I can learn about it for conversation topics? Perhaps a book or some similar resource so I can ground myself in some of the basics?	Just start to follow racing a little, try and understand how it works. As for books I don't really know anything personally but some people are great fans of the Dick Francis novels which are based round horse racing however I can't say I have read them.
What does it take to train a good racehorse?	Im yet to have a good racehorse, maybe I could let you know in around 30-40 years? I might find one by then...
	But seriously some guys have a really good strategy, Nicky Henderson is always right up there on the Jumps side and Aidan O'brien recently has been incredibly good. I think the trick is to lots of wealthy owners!
Does the industry believe that sheikh Mohammed's investigation, that coincidentally cleared him of any knowledge of what was going on, was genuine?	Who knows? I doubt Shiekh Mohammed would have actually turned to his trainers and said "Use drugs bro." I would imagine that the environment of pressure he puts on those who work for him is so great they feel like they have no choice.
that Dubai airlines flight full of drugs... that was just a coincidence then?	Not at all, the drugs scandal has stuck very firmly to Shiekh Mohammed. He might well be guilty but I wouldn't know either way!
Were you just at the gold cup in Cheltenham? My wife is from (and her parents still live) about five minutes drive from the track :)	Sadly not the Gold Cup! I went on Thursday for the World Hurdle and it was a really great day. Cheltenham is one of the best courses in the country and I really love that part of the Cotswolds.
What happens to foals who don't make the cut as racing horses?	We try to rehome and retrain as many unraceable thoroughbreds as possible. However if nothing else can be done some are sadly put down.
I've won the last two grand nationals with 100 to 1 winners from random tips off strangers on the internet. So random stranger do you have a tip for me?	I am not your random stranger my friend. Go with your system, pick a long shot for the national. Anything could win it.
As someone from Louisville, Kentucky, have you ever been to Churchill Downs? If so, what is your opinion on the track? It's one of the most known tracks worldwide because of the Kentucky Derby.	Sadly no! But I am visiting Kentucky this time next year so let me know what I should do when I visit.
Do ya'll eat the horses when they are too old to race?	What do you think I ate for dinner? Pizza?
	(It was Pizza...)
Hi! You answered in another question that the horses know they're going round in circles, they know where the stables are and so on, but how well do they understand the concept of racing - i.e. how well do they know that the point is to be ahead of all the other horses at a certain place?	Yeah some are better suited to different kinds of races. Some like to be in front all the way and hate to have other horses compete with them. Other like to slowly build from the rear of the field and then burst forward using their turn of foot. Others just plod along at the same pace and hit the line just right.

Last updated: 2014-03-26 20:02 UTC
This post was generated by a robot! Send all complaints to epsy.

professional gambler tax uk video

Either way, as it stands there here is no region in the UK that will look to tax a percentage of winnings from your time playing online casino games. Here we discuss, how it is possible to avoid any form of taxation if a professional gambler or budding amateur. Casino Regulators If someone was a professional gambler i.e. they made a *living* from betting on horse races, and the profits they made from simply betting on horses was their only income; would this "profit" be liable for income tax (or any other tax?) (from horse racing anyhow) in the uk are not liable for any income tax (not matter how large - I think Is Gambling Taxable In The UK? No, gambling is tax free in the UK. While players in some countries such as the USA, France, and Macau have to deal with gambling taxes between 1% and 25%, bettors in the United Kingdom have the privilege of keeping the entirety of their winnings. If you’re a professional gambler, Britain is an excellent place to call home. Not only can you find endless ways to wager, but your winnings will be tax free even if you are a professional. That’s because HMRC doesn’t consider gambling to be a trade. In other words, you’ll be able to keep whatever you win. New 21% Point Of Consumption Tax For Remote Gambling in 2019. The UK chancellor, Philip Hammond, announced in his budget in 2018 that the a higher rate 21% point of consumption tax will now be imposed for online gambling on 'games of chance', up from 15%. This means if you play casino games, slots, table games like blackjack, poker, virtual or any other fixed odds game of chance, there will Do professional gamblers pay tax in the UK? The Latest Paisley News, Paisley Photographs and videos of the town, the latest updates from surrounding areas of Renfrewshire, Scotland. If you are Positive about Paisley this is the website for you. At the age of just 14 Alan Potts started betting on horse racing and become a full time professional gambler after being made redundant from his office job in 1991. He has admitted it took him many years to become a regular winner and despite making an estimated £50,000 a year from betting in the past, he has also suffered losing runs. Professional Gambler - Submit Tax Assessments? In my view, successful bettors need to get a tax shield in place in order to avoid UK taxes on it. However, this is a more favourable jurisdiction than other countries, such as USA or Australia. Essentially betting is ‘tax-free’ in the UK – the professional gambler is outside the scope of tax. This is confirmed in HMRC’s Business Income Manual at BIM22015. The basic position is that betting and gambling, as such, do not constitute trading. This is not a new precedent either. Meaning of trade: exceptions and alternatives: betting and gambling - the professional gambler You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages

professional gambler tax uk top

They Walked out in Front of the Train - Metro Sim Hustle ...

In this video, I am going to detail for you what it's like being a high roller at the casino, what VIP status is like, how the casino determines whether or n... Today I would like to talk to you about Gambling Income and Losses as modified by the Tax Cut and Jobs Act of 2018. This is an area of the tax reform that is... Upswing Poker Courses - use promo code "bradowen" for $25 off all purchases over $99:Poker Lab: https://hf322.isrefer.com/go/tpl/bo/PLO Lab: https://hf322.is... Oct. 7 (Bloomberg) -- Former Boston Celtics basketball player Antoine Walker explains how he lost $110 million. He speaks with Pimm Fox on "Taking Stock." (S... The Hill is the premier source for policy and political news. Follow for tweets on what's happening in Washington, breaking news and retweets of our reporters. Steve and Matt Bourie from the American Casino Guide book take a look at what it takes to become a professional gambler. In this two-part series they look at... Revealing documentary that uncovers the so-called respectable members of the middle classes who cheat, fiddle and steal their way through life, from petty cr... financialacademyschool.com an absolute guide to investment success - a support library for entrepreneurs, investors, and traders. financial academy school.com Truth of taxation part 1 They Walked out in Front of the Train - Metro Sim HustleSubscribe if you like! + http://bit.ly/1PG8z9GWatch More Strange Simulator Games Here! + https://you...

Professional Gambler - Submit Tax Assessments

professional gambler tax uk

professional gambler tax uk - win

A Deep Dive - Ghislaine Maxwell: Silver Spoons and Hard Times