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Message: [QUOTE="Brave_n_Crazy, post: 1724802, member: 79032"] Actually, I think one of the things holding up legalization is the whole taxation issue. In the US, you can deduct gambling losses (from legal gambling ventures) on your taxes. You also receive 1099's (at least at the dog track) for winnings over $600. This balances out as those paying taxes on their winnings are covering those who deduct their losses, and the gambling establishments themselves pay taxes on their cut. In online poker, if I am an American and I lose $600, I would be able to deduct that on my taxes, reducing the amount I pay the government. The problem is, the fellow who WON my $600 is very likely to be from Belarus or somewhere strange, and cannot be forced to pay American taxes on his winnings. Likewise, while an internationally-based poker room could be required to pay US taxes on the portion of their profits derived from US players (just like any other multi-national corporation), they could not be forced to pay taxes on non-US profits, which would require calculating the amount of each rake, for every hand, for every player in that hand who is a US citizen. Complicated, yes? This is an issue affecting all online business transactions, but poker seems to be the largest and most potentially profitable (or unprofitable) for the US Treasury. I think they are really hoping to push out the international poker rooms in favor of US-owned ones, so they can get all their taxes neatly tied up. I wouldn't be surprised to see passage of a bill which classified online poker rooms as being operated on US soil if owned by a US company, which would allow them to require the deduction of US taxes on any withdrawals regardless of the country of origin of the recipient. Frankly, I don't care how they do the taxes. Just give me back mah Pokah!! EDIT: In the interest of not fearmongering, let me specify ... give me back mah PokahStahs! [/QUOTE]

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