Is it true?

[advin221]

Have you heard of Federal tax or Federal gambling law? Is it true that bookie have to purchase license? Among my friend circle I heard about it, but could not get much information anyone provide me the more information on this matter will appreciate.

[KasinoKing]

To get any sort of answers to your questions you need to tell us which country you are in!

(Not that I can answer anyway, but Webzcas probably can! )

[soniya]

Let me tell you one thing friend you have to pay taxes if you are earning profits. As far as I know in federal gambling law a bookie is required to purchase a $50 license stamp annually and pay 10% of his gross handle as a Federal tax changed.
For accurate and exact information concerned your lawyer.
Hope it will help you.

[advin221]

10% tax is highly unrealistic............................

[Webzcas]

Advin - Just a friendly warning. You are new to the board. It is not acceptable to slip in contextual links here and there and everywhere.

[Webzcas]

It is also against the forum rules to have multiple accounts.