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Hey guys, I hope i'm posting this in the right forum and if i am not i apologize in advance. Someone told me that if you make over 500 dollars playing online poker you have to pay taxes on the earnings you make? Is this true, and if so, do people have any way of getting around it?
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If you live in the US, you are supposed to pay taxes on all gambling winnings. The US is one of the few industrialized contries that require taxes to be paid on gambling winnings. Canada, Great Britian and other civilized countries do not tax gambling winnings. Read all about your tax obligations at
http://www.irs.gov