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Poker Discussion
General Poker
Online Poker As Main/Only Income
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[QUOTE="Crystal Blue, post: 1025427, member: 46561"] Yeah you make some good points there. I deliberately left out the tax implications because "online" poker is a worldwide activity and different rules apply in different countries. Also, depending on where you are located and the laws of your land, not all full time online poker players would feel inclined to register as a professional gambler/poker player. Obviously, if you are going to prepare in the right way and intend on being very serious about taking poker on full time, then it's correct to declare your occupation and earnings etc. Personally, I am not a great lover of the term "professional" gambler/poker player unless you are high profile or a known player. If I flip burgers for a living I am not a professional burger flipper but I am a full time burger flipper. In some countries the burden of paying tax on say "betting" has been moved from the bettor, to the establishment taking the bet. Thus leaving the bettor free from paying tax. Obviously this is different from country to country but you see what I mean. [/QUOTE]
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