Re: Why we don\'t have to pay taxes ...
 

1. Get a new accountant (or at least consult one). This seems like really sketchy advice to me.

2. consider getting Gamblers Guide to Taxes by Walter L. Lewis. It does not cover internet-gambling specifically but does cover gambling as a professional. You can even bring it with you to the accountant to see what he thinks.

3. If you play full-time then the chances are very slim that I make more than you. I'm lazy.

Re: Why we don\'t have to pay taxes ...
 

[ QUOTE ]
I think the best, and funniest, point I heard on here was that it's funny how the IRS would tax winnings to something illegal; are they going to start taxing drug dealers next?

[/ QUOTE ]

I think the funniest part is how stupid you need to be to even ask this question...and yet here we have someone asking...

Yes, they tax drug dealers. And they tax mob activities (do a little research on a guy named Gotti sometime). And they tax all other income. The IRS does not give a [bleep] where the money comes from, they want their share.

Acme

Re: Why we don\'t have to pay taxes ...
 

"I have no other source of income but poker."

This is a familiar situation. Report a portion.

"Are you really saying that it would be +EV to simply not report it and take my chances?"

Yeah, maybe so. There is no way that the IRS collects more fines and penalties and unreported taxes than the sum of taxes people cheat them out of. That makes cheating +EV. My guess is that for every $1 you cheat them out of you can expect to pay $1/4 or less.

Almost no one goes to jail. They bust balls but that's $ only, not time.

Richard Hatch will do time. You can see why.

Re: Why we don\'t have to pay taxes ...
 

We should take tax advice from a player like you that believes online poker is rigged? Get real.

Re: Why we don\'t have to pay taxes ...
 

Why would you even open my post? You must be insane. Then you comment on it? WTF?