FOR SO MANY YEARS THE PHILIPPINE
CHARITY SWEEPTAKES IS EARNING BILLIONS OF PESOS AND WAS CONSIDERED ONE OF THE
BEST SOURCES OF GOVERNMENT FUNDS FOR CHARITABLE SERVICES. DESPITE OF THE
HUNDRED PERCENT INCREASE OF ITS BET FROM TEN PESOS TO TWENTY PESOS, FILIPINOS
STILL PATRONIZE THIS GAMES OF CHANCE HOPING THAT ONE DAY LUCK SMILES AT THEM.
ANOTHER FAST RISING GAMES OF
CHANCE OF THE PHILIPPINE CHARITY SWEEPSTAKES IS KENO. IT IS BELIEVED TO SURPASS
THE COMBINED SALES OF LOTTO 6/42, 6/45, 6/49, 6/55 AND 6/58 IN THE YEARS TO
COME.
BUT LATELY, A BAD NEWS STRUCK THE
GAMES OF CHANCE PLAYERS WHEN LOTO OUTLETS ALL OVER THE COUNTRY POSTED A
BULLETIN BOARD THAT SAYS; “WINNINGS OF MORE THAN TEN THOUSAND PESOS ARE TAXABLE
OF TWENTY PERCENT IN CLOSE PARENTHESIS ORDERED BY BUREAU OF INTERNAL REVENUE
(BIR).
THIS IS A RIDICULOUS MEMORANDUM
COMING FROM THE BUREAU OF INTERNAL REVENUE. A GAME OF CHANCE IS A GAME OF
CHANCE MEANING IT IS NEAR TO IMPOSSIBLE TO WIN HUGE MONEY FROM ANY GAMES THEY PLAYED
OFFERED BY PCSO.
DESPITE OF THIS FACTS, FILIPINOS
STILL TAKE THEIR CHANCES HOPING SOMEDAY THEY WILL HIT THE RIGHT COMBINATIONS.
ON THE PROCESS THEY LOSS HEAVILY. TAXING THEIR SMALL WINNINGS IS ROBBING THEM AT
BROAD DAY LIGHT.
IT IS A KNOWN FACT FROM THE
BETTING COMMUNITY THAT COMPUTER GAME SUCH AS KENO IS DESIGNED TO GIVE PAYBACK
OF 3% - 7% FROM THE TOTAL ACCUMULATED BET PER GAME. AGAIN, DESPITE OF THIS
ODDS, MANY TAKE THE RISKS AND BET THEIR HARD EARNED MONEY IN EXCHANGE OF THE SLIM
CHANCES OF WINNING.
TAXING 20% THE WINNING OF POOR JUAN
DELA CRUZ OF MORE THAN TEN THOUSAND IS A BAD NEWS TO HIM AND A BAD OMEN TO PCSO
IN PARTICULAR. THIS WILL MEAN A BACKLASH
OF THE LOTTO AND KENO PLAYERS. IF THIS SCENARIO WILL NOT CHANGE AND THE
MEMORANDUM OF THE BUREAU OF INTERNAL REVENUE WILL NOT OVER RULE EXPECT THE
LESSER INCOME OF PCSO IN THE COMING YEARS.
THE LEADERSHIP OF PCSO EXPRESSED
THEIR FEAR REGARDING THIS MATTER. ACCORDING TO THEM, IT WILL BE HARDER FOR THEM
TO MARKET PCSO PRODUCTS.
ILLEGAL NUMBER GAME OPERATORS
WILL SHINE ANEW AND WILL TAKE THIS OPPORTUNITY TO ENTICE THE BETTING PUBLIC
WITH HUGE AND TAX FREE PAYBACKS.
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