You are a gambler and go online to a gambling site. You win $50,000.00. You are in the state of Maine when you won. The gambling site is out of California.
Are you responsible for paying taxes on your winnings? Why or why not?
If i am a gambler and for gambling, i went to a site for gambling and won $50,000.00 sitting in Maine, California. First it does not matter that where the site belong to, because we know that taxes does not charged on gambling, betting on racing, lotteries, etc. so here we do not have to pay taxes, or does not have any responsibility for paying taxes. second, if we consider the case of gambling then still we do not have to pay any taxes just because the gambling site is outside their Location.
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