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NrT.RuSH   United States. Sep 29 2008 15:22. 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. |
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Loco   Canada. Sep 29 2008 15:23. Posts 14562 | | |
you're playing poker as a hobby, don't worry about it |
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| tho 25nl with 250 roll is stupid tho started with 50 2 day ago ..i stick 10nl sometimes get bored and give 25nl shot but noone gives respct since i have very aggro hydralist icon - wolfheart | |
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CrownRoyal   Oman. Sep 29 2008 15:57. Posts 7436 | | |
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 |
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| hjaeger: min raise someone else | |
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nolan   United States. Sep 29 2008 16:37. Posts 4009 | | |
i would buy drugs with it so they cant trace the money |
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| On September 08 2008 10:07 F4Zi wrote: i dont practice table selection | |
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MysticJoey   Poland. Sep 29 2008 16:45. Posts 573 | | | |
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Highcard   Canada. Sep 29 2008 16:53. Posts 1403 | | | |
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asdf2000   United States. Sep 29 2008 17:40. Posts 5185 | | |
out of far-fetched paranoia, I am editing this |
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| My winrate is so high, they had to change it to BB/10 | Last edit: 29/09/2008 19:36 |
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sniderstyle   United States. Sep 29 2008 18:12. Posts 1014 | | |
has anyone in the usa paid taxes on their internet poker money?
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eightfourO   United States. Sep 29 2008 18:34. Posts 808 | | |
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. |
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| I am a god damn Rootin Tootin Shootin Cowboy!! | Last edit: 29/09/2008 19:37 |
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tokeweed   Philippines. Sep 29 2008 18:39. Posts 2143 | | |
| | 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? |
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rS.Wisdom[9]   United States. Sep 29 2008 18:46. Posts 732 | | |
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. |
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masterfrywad   United States. Sep 29 2008 19:12. Posts 235 | | |
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. |
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asdf2000   United States. Sep 29 2008 19:29. Posts 5185 | | |
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. |
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| My winrate is so high, they had to change it to BB/10 | Last edit: 29/09/2008 19:37 |
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Maynard!   United States. Sep 29 2008 19:42. Posts 629 | | |
| | 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. |
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| You can call me Aaron Burr from the way I drop Hamiltons | |
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rS.Wisdom[9]   United States. Sep 29 2008 20:33. Posts 732 | | |
| | 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. |
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Heero   United States. Sep 29 2008 20:51. Posts 145 | | |
What I've always wondered is how you pay taxes on poker money. |
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Bejamin1   Canada. Sep 29 2008 21:02. Posts 3964 | | |
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. |
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| Dude this is the perfect opportunity to get her to make you a sandwich. -ggplz | |
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asdf2000   United States. Sep 29 2008 21:03. Posts 5185 | | |
| | 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.
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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. |
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| My winrate is so high, they had to change it to BB/10 | |
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thewh00sel   United States. Sep 29 2008 22:24. Posts 1181 | | |
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. |
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nolan   United States. Sep 29 2008 23:49. Posts 4009 | | |
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... |
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| On September 08 2008 10:07 F4Zi wrote: i dont practice table selection | |
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