CasinoCityTimes.com

Gurus
News
Newsletter
Author Home Author Archives Author Books Send to a Friend Search Articles Subscribe
Stay informed with the
NEW Casino City Times newsletter!
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Recent Articles
Best of John Robison

Gaming Guru

author's picture
 

Why is only 10% withheld when I hit a jackpot in the U.S. Virgin Islands?

29 August 2009

Hi John,

Is there any particular reason why foreign tax in the U.S. Virgin Islands is 10% instead of the 30% that's recognized by all casinos in the U.S.?

According to an article I found at findlaw.com, the tax code in the U.S. Virgin Islands mirrors the federal tax code in the United States -- except where they differ. One difference is in how income received in the U.S. Virgin Islands by people who are not U.S. citizens or residents is treated.

Here's the paragraph from findlaw.com:

Individuals who are non-resident aliens of the United States and who have U.S. Virgin Islands source income are subject to the same rules with respect to such income as would be applicable if such income were from U.S. sources except that the tax on their U.S. Virgin Islands source income is payable to the U.S. Virgin Islands. There is one exception, however: passive income is taxed at 10% of the gross amount of the income and not at either the 30% rate set forth in the U.S. Internal Revenue Code or the lower rates that are applicable under U.S. tax treaties.

Best of luck in and out of the casinos,
John


Send your slot and video poker questions to John Robison, Slot Expert, at slotexpert@comcast.net. Because of the volume of mail I receive, I regret that I can't reply to every question.

John Robison

John Robison is an expert on slot machines and how to play them. John is a slot and video poker columnist and has written for many of gaming’s leading publications. He holds a master's degree in computer science from the prestigious Stevens Institute of Technology.

You may hear John give his slot and video poker tips live on The Good Times Show, hosted by Rudi Schiffer and Mike Schiffer, which is broadcast from Memphis on KXIQ 1180AM Friday afternoon from from 2PM to 5PM Central Time. John is on the show from 4:30 to 5. You can listen to archives of the show on the web anytime.

Books by John Robison:

The Slot Expert's Guide to Playing Slots
John Robison
John Robison is an expert on slot machines and how to play them. John is a slot and video poker columnist and has written for many of gaming’s leading publications. He holds a master's degree in computer science from the prestigious Stevens Institute of Technology.

You may hear John give his slot and video poker tips live on The Good Times Show, hosted by Rudi Schiffer and Mike Schiffer, which is broadcast from Memphis on KXIQ 1180AM Friday afternoon from from 2PM to 5PM Central Time. John is on the show from 4:30 to 5. You can listen to archives of the show on the web anytime.

Books by John Robison:

The Slot Expert's Guide to Playing Slots