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General Poker
Paying Taxes On Poker?
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[QUOTE="Pothole, post: 863231, member: 32288"] Ridiculous laws you have in the states, any form of POKER winnings should be tax free. eg. Assuming now were playing in a US casino, Zach, Dakota, Juicy, Nick and me sit down at a poker table and put $5k each on the table, Zach cleans us all out and walks up to the cage with $25k and has to pay 30% tax on it. ALL the money that was played on that table was after tax dollars we earned from our day jobs. So Zach is paying tax on funds that have already been taxed, the US government is double dipping, see what would happen to you if you claimed a deductable twice by mistake, the IRS would audit you for as far back in time as they are legally allowed ( 6 years in Canada ). Different for winning at roulette blackjack slots ect because your reducing the casinos profit which reduces the Govs tax take.:deal: [/QUOTE]
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