AC_OH 0 Posted March 10, 2006 Share Posted March 10, 2006 You gamble, they winThe world’s wealthiest also continue to find new ways to make money. Consider the appearance of online gambling tycoons. PartyGaming, the company that operates the popular PartyPoker site, went public in London last June, turning three of its founders into billionaires overnight. Among the three is American Ruth Parasol, the list’s only new self-made woman.Canadian playboy Calvin Ayre went down to Costa Rica a decade ago and began taking bets over the Internet. Most of his revenue comes from the U.S., where online gaming is illegal. Now he too is a billionaire, and one, at least so far, beyond the extraterritorial reach of the U.S. law enforcement and tax authorities.http://moneycentral.msn.com/content/invest...82.asp?GT1=7922 Link to post Share on other sites
chrozzo 19 Posted March 10, 2006 Share Posted March 10, 2006 its a conspiracy to rob the little guy of his 400k! Link to post Share on other sites
dimseven 0 Posted March 10, 2006 Share Posted March 10, 2006 Dikshit billions. Link to post Share on other sites
AceyDucey 0 Posted March 10, 2006 Share Posted March 10, 2006 Dikshit billions.my thoughts exactly......wait, what? Link to post Share on other sites
MasterLJ 0 Posted March 10, 2006 Share Posted March 10, 2006 You gamble, they winThe world’s wealthiest also continue to find new ways to make money. Consider the appearance of online gambling tycoons. PartyGaming, the company that operates the popular PartyPoker site, went public in London last June, turning three of its founders into billionaires overnight. Among the three is American Ruth Parasol, the list’s only new self-made woman.Canadian playboy Calvin Ayre went down to Costa Rica a decade ago and began taking bets over the Internet. Most of his revenue comes from the U.S., where online gaming is illegal. Now he too is a billionaire, and one, at least so far, beyond the extraterritorial reach of the U.S. law enforcement and tax authorities.http://moneycentral.msn.com/content/invest...82.asp?GT1=7922 Jot this down as a failure of our own government to embrace a new trend and make millions in tax revenue off of it. Entrepeneurs will always find away to provide goods and services to high demand. Some of are willing to move out of country, some aren't. Link to post Share on other sites
DonkSlayer 1 Posted March 10, 2006 Share Posted March 10, 2006 Which I think raises the obvious question...should we claim overall winnings on our tax returns, assuming it's not such a glaring amount that we would likely be audited? Link to post Share on other sites
PA32R 0 Posted March 10, 2006 Share Posted March 10, 2006 Jot this down as a failure of our own government's failure to embrace a new trend and make millions in tax revenue off of it. Entrepeneurs will always find away to provide goods and services to high demand. Some of are willing to move out of country, some aren't.Would that be a success? Link to post Share on other sites
MasterLJ 0 Posted March 11, 2006 Share Posted March 11, 2006 Would that be a success?It sure would. Give the dyslexic guy a break. Link to post Share on other sites
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