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Message: [QUOTE="zachvac, post: 1057117, member: 26306"] This is false. In casinos as well as online now you have to pay taxes on every dime you win. The problem is it's hard to enforce. Many people now don't pay taxes on online winnings. Taxing and regulating it would simply ensure that people do pay taxes. I can only hope they don't further tax it other than enforcing existing laws, but I do get nervous about that. But the bottom line is poker's not going to stay as it is now. Either it will be pushed to one side, outlawed, or the other, taxation and regulation. I'll take the latter. Also the regulation will hopefully make fish trust putting their money on a site more. I used to make a fair amount of money playing the horses in Maryland and was taxed 20% one time when I hit a triple for $1400. Never paid a dime on my other winnings, although I did keep records just in case.[/quote] [/QUOTE]