Is it possible to be a professional gambler in Australia

are professional gamblers taxed in australia

are professional gamblers taxed in australia - win

Do You Have to Pay Taxes on Slot Machine Winnings?

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

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


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Is it true that you pay tax on lottery wins and get the money over a period of years?

Was watching the McMillions show about the McDonalds Monopoly game fraud, and one of the "winners" mentioned they were going to get the $1m prize as $50k per year over 20 years, and had to pay tax on it
Is that usual, or just a quirk of that game?
Here in Australia lottery or other gaming wins aren't considered income for tax purposes - unless you are a professional gambler
submitted by Aussiechimp to AskAnAmerican [link] [comments]

[S] Game of Torches: Cambodia - Men vs Women

"When you play the Game of Torches, you win or you die"
For the fourth installment in the Game of Torches franchise we are taking our 16 fresh faced contestants to the Asian country of Cambodia where they will have to fight against each other and the elements with one common goal of winning the million dollar grand prize and the title of Champion attached. The tribe will be divided Men vs Women in a true Battle of the Sexes fashion. Who will come out on top? We will only know once we meet the cast!
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SELOKO TRIBE:
JANAMI TRIBE:
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Season Link
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Thoughts/Summary:
This season was all over the place for a lot of reasons honestly but it made for good entertainment I will admit. The Seloko tribe was so dominant which was impressive however it made for a sort of predictable pagoning of the Janami women. The only premerge tribal council they attended was on Day 9 where Jesse was voted out due to being one of the three low hanging fruit in himself, Vincent, and Ryan. However the Janami tribe was quite the hot mess express. You have the first tribal council of the season in which both three person alliances (for the once) join forces and Alejandra is voted out 6-2 but then you jump to three days later and the trio of Elody/Lydia/Tori reel in outsider Rachel and eliminate Demi. The tribals on Janami only got more peculiar as time went by with Lydia saving her nemesis Monique and taking out her own ally in Tori in Episode Four anf then the following episode the entire tribe conspiring against Rachel, assuming due to her being kidnapped by the opposing tribe the previous tribal and they wanted to prevent a flip. Following that, the tribe is in a 2-2 division due to Lydia losing their numbers and they end up in a crazy tie between the two poster childs for the tribe alliances Monique and Lydia ending in a rock draw taking out Ellie! I mean, you can't say the tribe was dull.
>! Episode 7 was when shit really hit the fan and the remaining castaways were greeted by the six players they had just voted off and through them winning the challenge, two would return at the expense of two existing players. This is where karma really bit Lydia in the ass as she was now outnumbered which would not be the case had she just kept Tori over Monique, and that one mistake is what cost her life in the game. Then at Seloko's tribal, predictably so, Ryan was cut leaving Vincent without any allies or her sister on the other side. Out of the outcasts, the outsider duo of Alejandra and Rachel were both voted back into the game. !<
The the merge hits and boy does the game slow down a bit. The first merge tribal council could have gone so differently! Had Sarah voted with her head and not thrown a petty vote at her new rival Marshall, the women and outsider Vincent would've had the numbers and she wouldn't have been eliminated! The five person power alliance from Seloko continued to dominate taking out Vincent, Monique, Alejandra, and Rachel consecutively until it was time to turn on each other. The first to go was the man the minority had been trying to get out for tribals, that being Arturo. Then when the final four hit it was time for a move and that move was either Kyle or David. These two were the front runners at this point, both excelling at the strategic and physical components of the game. Ultimately Melvin sided with Kyle and eliminated David. After winning the final immunity challenge and securing a spot at the FTC, Kevin decided to repay the favor and keep Melvin over Marshall to face off against.
The Final Tribal Council was exciting with jurors vying for why each finalist deserved their million dollar vote. Melvin argued that he played better socially only attaining one vote the entire season, he was able to play an even keel game where he didn't need to be the man winning immunity challenges because he had already covered his ass in the bonds he'd constructed day in and day out. Kyle rebuttled stating he dominated the game physically and strategically, labeling himself as the architect of the powerful mens alliance that had ran the entire season, he may have received two more votes total than Melvin but he always had his hand in the pot and there was not one turn this season where something did not go exactly the way he intended it to go rather than submitting to others objectives.
In the end Kyle was crowned the champion of Game of Torches: Cambodia - Men vs Women in a 4-3 vote!
Overall I loved this wacky season and all of it's characters. I thought that the relationship between Monique and Lydia was especially compelling. They were rivals while simultaneously recognizing eachother as their equal in the game. I really enjoyed Monique's character as a whole, I thought she was a really rootable underdog and she was able to fight it out for far longer than I anticipated. Vince, Art, and David were some other characters that really brought a lot to the game. As far as the winner goes I think Kyle is an excellent winner, he truly held the reigns the entire season and with each step of the journey he tugged 'em a little tighter to reinforce his control. Melvin would have also been a very interesting winner and his gameplay was very underrated reminded me of those early Survivor days. My favorite moments would have to be the 2-2 tie on Janami that went to a rock draw and then the merge vote that Sarah muffed completely!
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Happy to announce that next season is the highly anticipated Game of Torches: Yakushima - All Stars!!! A suggestions post will be posted soon so look out for that, I'm going to need your help picking the cast. In the meantime, refresh yourself on the past three seasons...
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Previous Seasons:
Game of Torches: Bali
Game of Torches: Mongolia
Game of Torches: Madagascar
submitted by gameoftorches to BrantSteele [link] [comments]

CMV: The political ideology I propose herein would be a vast improvement for America, reunify the country if people at large bought into it, and protect human rights better than either major party.

I'm considering writing a book proposing a new political ideology, and thought I would use Reddit for feedback!
The core of this proposed political ideology is neither Democratic, not Republican, nor Libertarian, but has elements of it that would appeal to a cross-section of the population, I believe.
The main focus of the ideology is reliance on logic instead of emotion, and protecting human rights. This is a common aim among all Americans to differing extents, but few agree how to go about it. In this post I'll just focus on a few aspects of my ideology, but in large part it has to do with maximally restricting government's ability to dictate personal actions. This is something Libertarians fundamentally agree with (though their desire to eradicate business and environmental regulations as well turn many non-libertarians off), and should also appeal to small-government conservatives and human-rights Democrats.
"Big Ideas": -The government does have an important role to play. They should protect the commons (environment), provide a social safety net, guard out borders, create a business environment that is fair and competitive, collect and distribute taxes, and ensure the safety of their citizens. We reject the far-libertarian view that everything should be privatized. -That said, as far as human rights go, eliminating the excesses of the criminal justice system is inextricably linked to ensuring the rights of the citizens from intrusion by their government. -Criminal laws are nothing more than threats from our government. Remember, pieces of paper do not have the power to physically prevent a murder - all they do is say "If you do Action X, we will ruin your life." This is justified sometimes, but we should never forget the true nature of laws as threats, and view them as a necessary evil at best. -Illegalizing any personal action is inherently an intrusion into personal freedom by government. That is not to say it is never justified, but it should always be viewed with extreme skepticism. -The right to engage in personal actions which do not cause harm is fundamental, not subject to the whims of public opinion. This is a key difference in this ideology. -A general principle is that "If a personal action is legal in at least one upscale, western first-world country (being here defined as the US, Canada, Australia, and any country that is both in the EU and was not part of the Warsaw Pact), it almost certainly should be legal." The rationale being that if an upscale country can function without banning something, it's almost certain that it's not necessary to ban it for society to function.
Part 1:
"if x (where "x" is a "personal action" (ie, an activity a citizen can choose to engage in - not a business regulation or something of that nature)) does not harm anybody and does not have the potential to harm anybody, or alternatively if x has the potential to harm only those willingly engaging in x, then engaging in x is a fundamental human right which no governing body has the right to prohibit no matter how popular or unpopular x is, and attempting to do so is a crime against humanity and should be punished as such.
Attempts to demonstrate "X is harmful" or "X has the potential to be harmful" must rely specifically on actions that are a direct consequence of X, and not those of tangentially-related events or a "slippery slope." For instance, arguing that gambling should be illegal or restricted because some gamblers "fuel their habit" by robbing banks is in invalid argument - it's the bank-robbing that is causing the harm to nonparticipant third parties, not the gambling. Similarly, those who argue that violent video games should be illegal or restricted because some of their players commit violent crimes are using an invalid argument - the actual violence is the cause of harm, not the game. Arguing that certain hard drugs should be illegal because their users inherently become violent towards non-participants may in some instances be a more compelling argument (because the argument claims that the violent tendencies are an inherent, inevitable consequence of action X and not just something a subset of participants do), but should still be viewed with skepticism. It is the absolute responsibility of those attempting to restrict or ban X to prove beyond any doubt that X is harmful or has the potential to be harmful.
If x does have the potential to cause harm to those not willingly participating in x, then x is likely not a fundamental human right and is subject to popular opinion - however, mitigating factors should be considered which could tip the scales in favor of keeping x legal. Example: Driving. Driving heavy automobiles at fast speeds has the potential to cause harm, even to those not willingly engaging in x (eg, protesters walking on the sidewalks near roads). Driving is therefore not a fundamental human right, but a myriad of obvious mitigating factors tip the scales in favor of keeping driving legal."
Example 1: Should prostitution be legal? From the above statement, we can see that the only two people substantially impacted by the act are also involved and consenting to the act, and it seems nearly impossible to prove that it is causing definitive harm to nonparticipant third parties. As such, it should be legal, but this ideology breaks from most by saying not just that it "should" be legal, as if the support of the people is required, by rather defining it as a fundamental human right that it would be a crime for any politician to try to circumvent. Public opinion has no bearing.
Also notice that a common erroneous argument applied here is that "legalizing prostitution would encourage human trafficking." I'll refer to this as the "subset fallacy" - the reasoning is attempting to reference something that sometimes occurs alongside Action X(prostitution), and using it to try to make a law that affects Action X itself, rather than the subset. Rather, this reasoning only justifies laws that ban human trafficking, not prostitution. The fact that legal prostitution makes human trafficking "easier" is immaterial.
Example 2: Should driving 70 MPH on the highway be legal?
First, note that as the roads are paid with tax dollars for public use, this is not strictly a "personal action." Thus, public opinion does matter. The people should be able to decide what rules they would like for their publicly-funded roads, and there is no "right" to drive at any given speed. Naturally, being allowed to drive 70 MPH on private property (with consent of the property owner) is a fundamental human right.
Part 2: The role of taxes
(There is a lot more to do with defining rights, limiting governmental scope as far as criminalizing actions, and other such things, but to keep things short here I wanted to skip ahead to another part of the ideology I find interesting.)
-There is no right to avoid paying taxes, and as such taxes should largely be determined by popular opinion. That said, there are some guidelines lawmakers should be obliged to follow when creating tax code:
-No stratified income tax shall be such that those in higher tax brackets feel unduly punished for their marginal additional income (IE, if income up to $200k is taxed at 25% and income over $200k is taxed at 50%, the value of dollars earned over $200k goes down too much, too fast. This principle is of course subjective, as it is not protecting a fundamental right, but followers of this ideology would keep it in mind when creating tax law or debating tax policy
-No income should be taxed at an amount greater than 100% of actual earnings
-(Most critically and most interesting) Taxes are a tool to be used to offset negative externalities, but are NOT a tool to use for social engineering.
Example: The government wants fewer people to gamble, so they impose a 5% tax on all gambling winnings. This tax would NOT be permitted. A tax cannot be used to induce action or deter action alone.
Example: The government is concerned that an increase in soda intake will increase the burden on the public healthcare system in the future, and want to impose a tax to recoup their losses. They estimate (through careful analysis with healthcare professionals and other relevant field experts, and would of course be required to provide proof of their calculations for the tax to be permitted) that for each soda consumed, a person is .002% more likely to develop a condition that requires reliance on Medicare or other governmental assistance later in life, calculated across society at large. It's also estimated that the average cost of these conditions to government is $30,000 per person. By multiplying 30,000 by .002 percent, the government decides to tax sugary drinks at an amount no greater than $0.60 per liter to offset the costs they later expect to incur from the activity. This tax WOULD be permitted, and is a perfect example of how things would work in a logic-based political system.
There's much more, but there's a basic introduction! I look forward to hearing your thoughts (also, if anyone has a name for this ideology, feel free to suggest it!)
This is a footnote from the CMV moderators. We'd like to remind you of a couple of things. Firstly, please read through our rules. If you see a comment that has broken one, it is more effective to report it than downvote it. Speaking of which, downvotes don't change views! Any questions or concerns? Feel free to message us. Happy CMVing!
submitted by yogokitty to changemyview [link] [comments]

US sports betting legislation

Clue of the main objections to legalizing sports betting used to be that it
would tempt players and officials to rig games. But that’s become something of a moot
point following an explosion of illegal sports gambling via online bookmakers.
In fact, many sports bodies and law enforcement agencies now argue that the best
way to combat match-fixing is to bring sports betting out of the shadows. Whatever
the risks, the potential tax windfall from legalization may be too alluring to pass
up for many jurisdictions. By legalizing the practice in 2018, the U.S. is becoming
the biggest test case in sports gambling history.

The Situation

Betting on sports is legal from Australia to western Europe, but flourishes
globally even when it’s outlawed. Sportradar AG, a Switzerland-based data company that monitors betting markets for fraud, estimates that 1.5 trillion euros ($1.7
trillion) in wagers are placed worldwide annually, with the majority going through
imregulated markets. In the U.S., where a 1992 law had limited the practice
almost exclusively to Nevada, annual illegal spons wagers are estimated at $50 billion to $150 billion. The landscape is shifting, though, after the U.S. Supreme Court struck down the 1992 law, freeing New Jersey to legalize sports gambling and others to follow. Thirteen 13 states now have live legal sporis betting and several
others have approved it. The professional U.S. sports leagues, traditionally wary because of concerns that betting would encourage corruption, have come around to the idea, especially as they press their case to receive some of the revenue; more than $13 billion of wagers since legalization, by one estimate. Even Wall Street is getting in on the act by offering technology or, in one case, putting together a team of tradersto make bets. The challenge for legal bookmakers everywhere is whether they can lure gamblers who’ve grown accustomed to wagering on overseas or illegal websites. Globally, some 80 percent of sports bets are placed via the black market, according to a 2014 report by the International Centre for Sports Security. Betting syndicates in Asia, where sports gambling is largely illegal or restricted, have instigated some of the biggest cases of match-fixing. Europol, the European Union’s law enforcement agency, found one such syndicate fixed 380 soccer games between 2011 and 2013.
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Crown Resorts extends license until 2050

One of the most important poker tournaments in the southern hemisphere is the Aussie millions, a tournament that takes place every year in January or February. For two weeks, Melbourne becomes the hotspot for poker enthusiasts and professionals alike, with thousands of players flocking to Australia. Crown Resorts is the company behind this major event and it is the Crown Melbourne casino that acts as a gracious host for all these prominent players. It came as no surprise that the Australian casino operator has been granted a 17 year extension on its license, all the way to 2050. Some might find it strange that the casino giant was so concerned about expanding the license, which was set to expire in 2033. In this line of work, it is essential to be able to make long-term predictions and that's why the operator was adamant in its efforts to get the license extended for as long as possible. Poker players represent only the tip of the iceberg, because Crown Melbourne casino also serves other categories of gamblers. They will rejoice knowing that an additional 128 extra video poker machines have been added, in addition to the 2500 machines already installed. Furthermore, the commissions charged by the casino will be reduced by 2%, which is great news for those who spend a lot of time playing. VIP gamblers represent the most important category of players and the fact that Crown Melbourne managed to pursue legislators to repel the super tax on international and interstate VIP gamblers is celebrated as excellent news. Until recently, the casino had to impose this tax, which had a deterring effect on the elite players who looked for action elsewhere. On one hand, the gambling operator won a big victory by extending its license to 2050, but rumors state that the plan was to have the license extended all the way to 2092. As far as the authorities are concerned, the fact that Crown will be paying $250 million up front and will match this amount over the next 20 years is more than satisfying. At the time of writing, the casino operator is the biggest employer in the state and the forecast is optimistic, with more than 10,000 people expected to work for them by 2020. Online casinos are still interested in establishing a beachhead in Australia and Victoria in particular, with Coral Casino being one of them. More competition would benefit the players, because the operators would be compelled to offer better terms and diversify their offer. Existing players are fiercely defending their territory, so only time will tell whether other companies will be allowed to operate statewide.
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are professional gamblers taxed in australia video

Terms of Service - YouTube [2020] Negative Gearing Vs Positive Gearing - What Is The Better Property Investment Strategy AWS Public Sector Summit 2017 Customer Keynote: Craig Fox, Australian Taxation Office A Day In The Life: Andy Holding, professional gambler and ... Jan. 29 Tax Credits Capitol Hill Policy Forum Video Advertising Cost – YouTube Advertising

Gambling Is Not Income, and Is Therefore Not Taxed. However, as much sense as it would make, Australia does not tax on gambling. This is because, legally speaking, placing bets is not considered a profession in Australia. Lottery Winning Taxes for Australia. The winner takes it all in Australia. Lottery winnings and other forms of gambling are not taxed at all. The only people that pay income taxes are those who punt every day and are considered professional gamblers. Other times these taxes are very high, sometimes they’re very low – making these places a haven for gamblers and casino operators. But what do gambling taxes look like around the world? While the rules are different from country to country, in many cases you’ll only be taxed if gambling is your profession or your main source of income. Australia taxes professional gamblers income tax at a rate of 30%. This is not a concern to anyone other than those gambling as a profession / primary source of income. For all recreational players gambling is generally not considered income for tax purposes. I think it is part of adopting a professional approach: there are a number of ‘full-time’ punters but few true ‘professionals’ in Australia. I find there isn’t a lot of room in this Do Australian Gamblers Pay Tax on Casino Winnings? The gambling activities of Aussie punters and gamblers are not taxed on winnings in Australia. It doesn’t matter what form of gambling you are participating in if you are in Australia, and you report your income tax to the Australian Taxation Office (ATO) you will never pay tax. Professional gamblers can’t take shortcuts and must study the sports or card games they play thoroughly, have good knowledge and dedication to make betting for a living work. A successful professional gambler sets his or her hours. They can sleep all week if all they want to bet on are the weekend fixtures. Even the games or races held during the week typically do not start until mid to late afternoon, so getting up at the crack of dawn is seldom necessary, except for gamblers who want to work the international markets or place live in-play wagers with an overseas In Australia, the winnings from gambling are not taxed. This is for three reasons. Gambling is not recognised as a profession in Australia. It is regarded as a hobby or recreational activity. The Australian government has come to an agreement that the gains from gambling activities are often the result of good luck, not hard work. In Australia, gambling is not taxed. So, say for example person could count cards and made gambling their yearly income. How would they prevent the cops from breaking down their door assuming they are selling drugs because they can pay rent but don't pay taxes?

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"I lost $256,000 in a day" EPISODE 2 Jonas Gjelstad ...

Ever thought about investing in property to save tax? Or been told that you have to negatively gear to get capital growth? If so, this video is for you. Here's a snap shot of what you'll discover ... Hear Craig Fox, Assistant Commissioner, Australian Taxation Office highlight at the 2017 AWS Public Sector Summit in Washington, DC on how the ATO overcame barriers for cloud adoption and how the ... In this video, I cover a lot of the common questions about should you set up as a corporation or as a sole proprietor when you are starting your Amazon business. There is no right or wrong answer ... Episode 2: Follow professional sports bettor Jonas Gjelstad's journey through the highs and lows of professional sports betting. Watch Episode 3 as Jonas dis... Welcome to the official YouTube channel of the Australian Taxation Office (ATO). This channel features videos on various tax and superannuation topics. Australians communicate with each other in ... Video ads put your business in front of the people you want to reach, and you only pay when they watch. Learn more about YouTube Advertising costs. If required by law, Google will withhold taxes from such payments. Removing Your Content. You may remove your Content from the Service at any time. You also have the option to make a copy of your ... After you’ve set your strategy it’s important to start researching the different major property markets. Here is a great tool to get you started. After you’ve decided on your property ... For the last 30 years professional punter Andy Holding has enjoyed tremendous success backing horses using a unique and easy-to-use speed figure method earni... On EITC Awareness Day – Friday, January 29 – Tax Credits for Working Families and the Corporation for Enterprise Development (CFED) co-hosted a policy briefing on Capitol Hill to discuss tax ...

are professional gamblers taxed in australia

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