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❓ASK Betting to save on taxes?

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DoughLover

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I have been thinking about betting, so that I could win a prize without having to pay taxes on it. I live in Norway, and have that tax code. I have also participated in lottery (definitely only with money I could afford to loose.)

I am just wondering if this is a good idea?
 
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Wisdom01 said:
Yeah this is true tho because betting is very risky and if the person is not careful , he or she would make more loss from betting i think
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But this is the truth no gambling is ever certain like a job done and money is expected. Betting or staking money comes at a way higher risk
 
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Brain said:
But this is the truth no gambling is ever certain like a job done and money is expected. Betting or staking money comes at a way higher risk
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Yeah its quite impossible to start gambling and take it as a job opporunity , unless the person wants to be broke if not he or she would make more loss
 
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Wisdom01 said:
Yeah its quite impossible to start gambling and take it as a job opporunity , unless the person wants to be broke if not he or she would make more loss
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I'm not disputing the fact that people do make from gambling sometimes big money which I don't know how they do it but the losses one incur isn't worth it at all
 
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Brain said:
I'm not disputing the fact that people do make from gambling sometimes big money which I don't know how they do it but the losses one incur isn't worth it at all
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People actually make money from it but the losses are way too much , that is the reason most people abstain completely from it ,due to the rate of loss
 
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Wisdom01 said:
People actually make money from it but the losses are way too much , that is the reason most people abstain completely from it ,due to the rate of loss
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My thoughts exactly, anything that comes with a huge loss at a time should be avoided. Don't get yourself into penury with your hands
 
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Brain said:
My thoughts exactly, anything that comes with a huge loss at a time should be avoided. Don't get yourself into penury with your hands
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Yeah no matter how you try to trick the system ,its really hard to just understand the mode , since its controlled by a robots so its really hard to understand
 
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I understand your aspiration to earn tax free money, but instead of gambling away your hard earned money in hope to win a huge sum of tax free money, I recommend that you start a donation and that way you can get tax free money as gifts cannot be taxed.
 
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Hope know that betting is very risk but you to be very careful, because a person is not careful is going to loss, so one need to be very careful when playing bet be careful about it.
 
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I really don't understand how you can avade taxes through betting. If you are thinking of always winning bets so as to use the money to pay taxes, then that may not happen. Betting is very risky and it will only lead you to loosing more money.
 
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In my country I wouldn't that. There is one lottery you can participate without paying tax if you win. But every year you have to fill your income taxes and everything above 25.000,- is taxed. So if you win let's 50.000,- tax free you still need to pay income tax.
 
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Pcesc-JR said:
Lol, i can't advise anyone to put his or her hopes via gambling cos it is full of disappointment. Using betting to pay for taxes and clear hefty bills shouldn't be the person only genuine rout to make money. Its better to be played as fun, if profits comes through it fine, if it doesn't the person moves on.
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Yeah, that is right. You cannot depend on betting to pay your taxes and bills. It is best to find a regular and less risky source of income that will sustain you. Then you can do betting with a small amount that you can afford to loose.
 
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MercySmith said:
There are several platforms where you can bet and earn. I do not think football betting will be taxed. Personally I do not support or recommend it
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There are truly so many platforms that are available for betting, but it is really risky. It is best to only do it for fun and with money that you can afford to loose.
 
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