as usual the US BS

General discussion about poker.

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Incithe
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Joined: Wed Dec 21, 2005 8:23 am

tax...

Postby Incithe » Sun Feb 05, 2006 6:35 pm

If it should be tax on online poker in what country should you pay tax in....There the poker site is or there you playing from....
Throaked
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Posts: 58
Joined: Sat Sep 09, 2006 2:13 pm

Postby Throaked » Sun Feb 05, 2006 7:14 pm

Ty u all for replys i do think it needs to be taxed but im not sure the goverment will do it the right way.
Insch1979
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Posts: 32
Joined: Sat Dec 09, 2006 7:24 am

why not

Postby Insch1979 » Sun Feb 05, 2006 8:06 pm

if it  was it would make a fourtune for gov. and legitmize the online poker boom
Sages1989
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Joined: Sun Jan 29, 2006 10:26 pm

Postby Sages1989 » Sun Mar 05, 2006 11:54 am

2muchlucktoo

sorry, i did not see the 60 min. show.

however, in general, i think taxes are

evil.

best,

donvic
Buly1997
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Posts: 17
Joined: Sun Feb 19, 2006 8:23 am

Postby Buly1997 » Sun Mar 05, 2006 8:01 pm

well if online poker is taxed... do i get to claim a huge deduction for all my losses ... coz ill be rich then!!!!!!!!!!
Littleth
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Posts: 11
Joined: Mon Feb 06, 2006 9:10 pm

internet poker tax

Postby Littleth » Mon Mar 06, 2006 10:22 pm

Hi, I did not see the 60 min. piece but wish I had caught it. o well
Anyway it is my belief that we are taxed to the max, as well as I had been led to believe that internet commerce is not taxable.  They will find a way to lie and cheat us out of everything if we allow it!
Maybe we should all put some effort forth like we do in  card games toward our government it is after all: FOR THE PEOPLE, BY THE PEOPLE.... we have become much too complaciant.
Ruspinfirl
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Posts: 43
Joined: Mon Dec 12, 2005 8:55 am

Postby Ruspinfirl » Fri Mar 10, 2006 7:20 pm

Yes - Tax deductable losses
That would deaden the pain a little
Sages1989
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Posts: 71
Joined: Sun Jan 29, 2006 10:26 pm

Postby Sages1989 » Sat Mar 25, 2006 11:08 am

ok maybe changed my mind.

maybe online poker should be taxed.

however, lets make that the poker sites

that are taxed.

donvic
Topmer1971
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Posts: 11
Joined: Sat Jul 29, 2006 11:44 am

Postby Topmer1971 » Sat Mar 25, 2006 6:55 pm

Howdy Y'all -

OK Mys, I did a little checking and found that the majic number appears to be $10,000 or more. The IRS has two ways to nail you regarding amounts at or above that 10K.

First, should you deposit such an amount to your bank they are required to report it to the IRS. This would even be true in the case of on-line winnings. However, you can get around that simply by depositing two or more smaller amounts. Secondly, should you cash out that amount or more at a B&M room (whether from poker or any other form of gambling) they will require you to complete a W-9 right on the spot which will then be sent to the IRS.

My understanding is that the IRS doesn't consider lesser amounts to be worth the trouble to investigate. Legally though, you are responsible for claiming any and all income so that's somewhat of a personal choice. Still, they are interested so I can promise you it could be a problem.

Good luck players!
Andounized
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Posts: 39
Joined: Sun Feb 19, 2006 5:16 am

as usual the US BS

Postby Andounized » Sat Mar 25, 2006 8:47 pm

im so glad im not an american ,off course i know that wont matter if they decide to tax the game but im still glad i feel sorry for all the american people soon you will be taged as well with the # off the beast and then like all the great empires of the world you probably wont even last your goverment was founded for the rights of the people and to avoid so many taxes both of witch are know being abused.
Ruspinfirl
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Posts: 43
Joined: Mon Dec 12, 2005 8:55 am

Postby Ruspinfirl » Sun Mar 26, 2006 8:33 am

Where are you from Alan ?
Throaked
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Posts: 58
Joined: Sat Sep 09, 2006 2:13 pm

Postby Throaked » Fri Mar 31, 2006 9:39 pm

I am so amazed so many people have replyed to my post . i am glad im an american i still play poker no matter what.
Topmer1971
1 star member
Posts: 11
Joined: Sat Jul 29, 2006 11:44 am

Postby Topmer1971 » Sat Apr 01, 2006 1:22 pm

Certain card games are not taxable. If you win big pots in poker or BJ you don't have to pay taxes, that is what I heard on a show about vegas and gambling. You pay on  slots and other games. I found that interesting, not that I'd win, anything but it's nice to know. They can't tax online card games and not brick and mortar ones. But who knows, the gov wants to get in on the action too!


agree with him!  :roll:
Gagoem
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Joined: Fri Mar 31, 2006 2:45 am

Postby Gagoem » Sat Apr 01, 2006 9:23 pm

While I don't necessarily support the idea of our U.S. Government taxing Online Gambling, there would be some "fringe benefits" if it does happen.

What do I mean by "fringe benefits"?  For starters, all of the various Online Gambling sites (poker, casino, etc.) would be regulated by a Federal Commission (similar to the Nevada Gaming Commission).  This could ensure to us the players that all of the gaming sites and their software are fair and just.  

Another benefit would be an increase in the amount of competition for our gambling dollars.  Can you imagine how many new poker sites (Harrah's WSOP themed poker site, all of the Las Vegas Casinos, etc.) there would be, and the lengths some of these companies would go to get new customers?  I could see Harrah's having a promotion where you sign up for their poker site, and get a free entry into their WSOP Main Event Satellite (of course you'd be up against 10,000 people  :lol: ).  A seat in the Main Event could be awarded to the winner.  There could even be a WSOP Online Tournament (as part of the WSOP events) where you'd win a real WSOP Bracelet.

And last but not least, the amount of tax revenue Internet Gambling could bring to the US.  If there's ANY chance of our current tax system being changed, this is it!  Internet Gambling would bring in BILLIONS of dollars to the US Government, and wouldn't it be nice if one day none of us had to pay Federal Income Tax (I know- A SLIM CHANCE  :cry: ) due to the amount of Gambling Tax Revenue our Government brought in simply from Internet Gambling?

To summarize, I think the US Governmment is missing out on an excellent opportunity to take advantage of this CASH COW that is Online Gambling.  While I don't look forward to submitting my Internet Gambling winnings to the IRS, I do realize the benefits it will bring if and when it happens.
Whane1989
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Posts: 41
Joined: Wed Nov 22, 2006 3:49 pm

Postby Whane1989 » Sat Apr 01, 2006 10:37 pm

I dont think it shoudl be taxed unless u feel it is needed to be taxed the decision should be up to urself as the player and what tax shoudl u pay hopefull be the tax of the state u live, but i say screw the tax just another way of the gov looking to take some more hard eraned money from us...lol so all in all no tax

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