I know we all <3 BTC/Monero, but many things can't be bought with them: rent, cars, vacations, meals.
So let's say you manage to have some cash income but don't have an explanation for it. You need some sort of "legit" taxable event.
So I'm curious: technically, casino winnings are taxable income.
How do most casinos handle winnings? I've played a little in Vegas, and often I'd buy a few hundred dollars in chips, play, then cash out, never showing an ID at any step of the process.
It seems to me that if you had cash and wanted to have a "legitimate" source for it, you could just go to a casino and play a game with a low house take. (single zero roulette for example)
Hypothetically, someone could go from table to table, getting a few hundred at each. Or come multiple days then cash out at once when you have a large enough amount that they'll take an ID and issue a tax form.
Has anyone thought about this?
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