Casino Winning Withholding Tax Refund

Winning a huge sum in a casino feels great, but the inflation in balloon is lessened by the reduction in that volume due to the casino tax applicable on any person who is not native to that place or are non residents. Every state has a law governing the gaming, table games etc and the prize money involved in these games is liable to be taxed by the government. Same applies with the casino winnings. The casino winnings are applicable to be taxed as casino tax, which does play a spoil sport for many people. People do not find it just, that their winnings should be taxed under the casino tax and often demand a casino tax rebate or a tax refund. Obtaining a tax refund is though easier for the residents, this casino tax rebate is difficult to be obtained by the non residents.

As an example, any international resident is imposed with a 30% casino tax on the winnings in the United States of America as per Internal Revenue Service (IRS). This is a huge sum for anyone who has just won, and does set the mood off. But now, as the outrage against this casino tax is growing, so are coming up new means to help international residents to claim a casino tax rebate. And the relief is out for the Canadian citizens due to U.S. Canada Tax Treaty according to which the Canadian citizens can get back partial tax rebate or can get the entire sum they lost as the casino tax rebate back.

There are many agencies involved in providing this tax rebate such as refund management services. Apart from a web presence as http://www.refundmanagement.com/, RMS is based in Toronto, Ontario, with additional offices in Vancouver, British Columbia and Las Vegas, Nevada and their head office is located in Toronto. Not only do they help Canadian residents but also all other international visitors to the United States of America in gaining a tax rebate. Due to their services available online, they are able to help people seeking help in gaining a casino tax refund easily.

Online Gambling Causing Credit Card Debt

It is the latest craze at the moment and everyone seems to be enjoying gambling at home with the increase of poker sites on the internet, but its not good news if you are running up debts on your credit card. I don’t know about you but it seems that I have a misconceived perception of time when I am sitting at my computer; time just seems to fly by. The longer you are gambling on an internet poker site, the more money you are spending.

Online gambling is being seen as pushing up consumer debts and that’s not good for the UK economy. Figures from the government have revealed that the amount of money spent on gambling last year was £42.8 million; in 2001 that figure was only £8.6 million. It is a perturbing sharp increase. Internet sites that have been registered outside the UK have not been included in the government figures of money spent.

The glamorization of gambling, especially poker, by celebrities at the moment is partly to blame for the rise in gambling. Sitting at home on your computer can undermine your ability to spend your money wisely. Internet poker sites or casino sites allow you to insert your credit card details; once your details have been entered you can continue gambling up to your credit limit. Some gamblers are maxing out numerous credit cards at a time to try and win back money they have lost with the Debt Advisor group seeing some individual debts as high as £100,000. Casinos have a strong cash culture unlike internet gambling where it is your credit card that does the spending. Using cash instead of your credit card makes you more aware of the amount you are spending.

The growth of gambling online in the next five years is predicted to be around 22% a year while playing poker online is said to rise by 44% a year. Gambling through your mobile phone is now also being offered by companies which could see even higher debts being accumulated.

Gambling has always seen its fair share of creating debt problems but with easier accessibility it may cause more households to suffer from unmanageable debt. Other household members are usually unaware that there is a debt problem looming not realizing how much is actually being gambled, the more desperate people become to win back their money the higher the stakes become seeing people usually losing more and more.

If you are suffering form credit card debt problems through internet gambling there are many organizations that can help you. Seeking help sooner rather than later will prevent even more debt.

Rid Your Life Of Gambling

I want to help you rid your life of gambling. This is a tough problem to live with because it is hard to quit. Many people try to go cold turkey, but that is surprisingly difficult to make work. Gamblers are psychologically driven to want to do this and there is a pay off in your brain for doing it. I think it is more important than ever for gamblers to get a hold of this problem in these tough economic times. When people and families need every single dollar, you can’t be blowing it in a casino or in some sort of internet gambling. I’m going to help you rid your life of gambling.

This is an addiction, but often people use that as an excuse not to deal with it. You don’t do things because it is an addition. You do things because you get some sort of emotional pay off and that is what you’re addicted too. You need to identify what you’re looking for as pay off. That’s the key to getting past this problem. Maybe you’re someone that likes the adrenalin rush of putting a lot on the table and winning. Maybe you do it to avoid other problems in your life.

If you want to rid your life of gambling, you have to able to identify the real reason you do it and find another way to get the pay off. If you do it for the rush, maybe you should find a hobby that gives you a rush. If you do it to avoid dealing with a failing relationship, maybe you should try and fix it. Identifying the root cause of gambling is essential to ridding yourself of it.