1
 |
NrT.RuSH   United States. Sep 29 2008 16:22. Posts 38 | | |
I just won 1000$ and i cashed out 300$ from PS. Now i wanna know if theres a way to avoid taxs on these or how do i go about it. |
|
|
1
 |
Loco   Canada. Sep 29 2008 16:23. Posts 21022 | | |
you're playing poker as a hobby, don't worry about it |
|
| fuck I should just sell some of my Pokemon cards, if no one stakes that is what I will have to do - lostaccount | |
|
|
1
 |
CrownRoyal   United States. Sep 29 2008 16:57. Posts 11386 | | |
yeah no one will give a fuck as long as you arent cashing out like 10k+ a year and even if you are cashing out 10k or so i doubt you are going to raise any flags to signal anyone to check into your life |
| |
|
|
1
 |
nolan   Ireland. Sep 29 2008 17:37. Posts 6205 | | |
i would buy drugs with it so they cant trace the money |
|
| On September 08 2008 10:07 Baal wrote: my head is a gyroscope, your argument is invalid | |
|
|
1
 |
MysticJoey   Poland. Sep 29 2008 17:45. Posts 1430 | | | |
|
|
1
 |
Highcard   Canada. Sep 29 2008 17:53. Posts 5428 | | | |
|
| I have learned from poker that being at the table is not a grind, the grind is living and poker is how I pass the time | |
|
|
1
 |
asdf2000   United States. Sep 29 2008 18:40. Posts 7710 | | |
out of far-fetched paranoia, I am editing this |
|
| Grindin so hard, Im smashin pussies left and right. | Last edit: 29/09/2008 20:36 |
|
|
1
 |
sniderstyle   United States. Sep 29 2008 19:12. Posts 2046 | | |
has anyone in the usa paid taxes on their internet poker money?
|
|
| Genginho: lose today 100 dollar only because of fishs they called and had luck on river | |
|
|
0
 |
eightfourO   United States. Sep 29 2008 19:34. Posts 820 | | |
i'm going to be sooo pissed and have no respect for you if you have ever in your life taken any free thing from the government.
it's terrible you don't pay taxes unless you've never had a job. |
|
| I am a god damn Rootin Tootin Shootin Cowboy!! | Last edit: 29/09/2008 20:37 |
|
|
1
 |
tokeweed   Philippines. Sep 29 2008 19:39. Posts 2149 | | |
| | On September 29 2008 15:57 CrownRoyal wrote:
yeah no one will give a fuck as long as you arent cashing out like 10k+ a year and even if you are cashing out 10k or so i doubt you are going to raise any flags to signal anyone to check into your life |
nothing above 10k a year? are you serious? |
| |
|
|
1
 |
rS.Wisdom[9]   United States. Sep 29 2008 19:46. Posts 1288 | | |
jesus ppl just pay your taxes. what's deducted wont be THAT much and its for the benefit of everybody. ALSO, if you are ever caught in any capacity, i dont think tax evasion is something you'll want on your record for the rest of your life. is it worth saving a handful of dollars? just pay. |
|
|
1
 |
masterfrywad   United States. Sep 29 2008 20:12. Posts 329 | | |
worst thing to do is to pay taxes because you feel an obligation with society. government isn't synonymous with society. government is an autocratic institution occupied by self-interested/greedy bureaucrats and politicians who shouldn't be trusted to spend your hard earn money.
What do you earn yearly? I'm pretty sure you don't even need to file income taxes if you make below X number of dollars. We have a very progressive income tax system. |
|
|
1
 |
asdf2000   United States. Sep 29 2008 20:29. Posts 7710 | | |
taxes are for the benefit of everybody?
maybe like 10-20% of your taxes.
I give way more than that back to society, intentionally, through other mediums.
No thanks to letting greedy old rich fuckers blatantly steal my money. |
|
| Grindin so hard, Im smashin pussies left and right. | Last edit: 29/09/2008 20:37 |
|
|
1
 |
Maynard!   United States. Sep 29 2008 20:42. Posts 4453 | | |
| | On September 29 2008 15:22 NrT.RuSH wrote:
I just won 1000$ and i cashed out 300$ from PS. Now i wanna know if theres a way to avoid taxs on these or how do i go about it. |
This is not tax advice but I would include it on your tax returns as income earned. I'm guessing that you're a kid with no income. You're likely under the income required to file a tax return.
No tax for you. |
|
| Now I really am a busto. Thanks FTP. | |
|
|
1
 |
rS.Wisdom[9]   United States. Sep 29 2008 21:33. Posts 1288 | | |
| | On September 29 2008 19:29 asdf2000 wrote:
taxes are for the benefit of everybody?
maybe like 10-20% of your taxes.
I give way more than that back to society, intentionally, through other mediums.
No thanks to letting greedy old rich fuckers blatantly steal my money. |
i have a lot of issues with the tax system in america today, but that doesn't mean i wont hold up my end of the deal and pay it anyway. taxes arent spent super efficiently, sure, but itd be even worse if nobody paid anything and we'd all be left with no public goods or services. argue to have the tax policies changed, but until then, we're better off paying instead of relying on others to pay and freeriding. |
|
|
1
 |
Heero   United States. Sep 29 2008 21:51. Posts 145 | | |
What I've always wondered is how you pay taxes on poker money. |
|
|
1
 |
Bejamin1   Canada. Sep 29 2008 22:02. Posts 7042 | | |
Yeah but he can choose to put money into charities/respectable causes that he believes in and then take a tax credit for it. At least that's how it works here. |
|
| Sorry dude he Jason Bourned me. -Johnny Drama | |
|
|
1
 |
asdf2000   United States. Sep 29 2008 22:03. Posts 7710 | | |
| | On September 29 2008 20:33 rS.Wisdom[9] wrote:
Show nested quote +
On September 29 2008 19:29 asdf2000 wrote:
taxes are for the benefit of everybody?
maybe like 10-20% of your taxes.
I give way more than that back to society, intentionally, through other mediums.
No thanks to letting greedy old rich fuckers blatantly steal my money. |
i have a lot of issues with the tax system in america today, but that doesn't mean i wont hold up my end of the deal and pay it anyway. taxes arent spent super efficiently, sure, but itd be even worse if nobody paid anything and we'd all be left with no public goods or services. argue to have the tax policies changed, but until then, we're better off paying instead of relying on others to pay and freeriding.
|
I speak for myself and make decisions based on what I believe is best. I do absolutely nothing simply because I am told to.
There is no point in speculation of what would happen "if". I already stated that I give back money much more liberally than taxes, and we both agreed taxes are not spent efficiently.
So explain where the problem is. |
|
| Grindin so hard, Im smashin pussies left and right. | |
|
|
1
 |
thewh00sel   United States. Sep 29 2008 23:24. Posts 2735 | | |
yeah i pay legitimately. i dont want to win a WSOP event and then get my life looked into and have paid incorrectly. If you plan on being successful, i'd suggest you just pay 100% as accurately as you can and keep records of it. |
|
| A government is the most dangerous threat to man’s rights: it holds a legal monopoly on the use of physical force against legally disarmed victims. - Ayn Rand | |
|
|
1
 |
nolan   Ireland. Sep 30 2008 00:49. Posts 6205 | | |
wisdom,
some would question taxing online poker and how it fits into no taxation without representation as we do not get any legal regulation/protection/representation to the poker sites that take our business.
of course, the counter-point that it is our fault in choosing to deal with the grey area.
but there are a few particular legal grounds by whihc you could in theory fight paying taxes on online poker winnings, according to one of my professors... |
|
| On September 08 2008 10:07 Baal wrote: my head is a gyroscope, your argument is invalid | |
|
|
|