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Old 08-23-2005, 10:16 AM
primetime32 primetime32 is offline
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Join Date: May 2005
Location: NY
Posts: 119
Default Re: Who Pays Taxes on Poker Earnings? (POLL)

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The line of questioning might go something like this:

Q: So, how did you afford $80,000 car.
A: I won the money playing poker. As you can see, I reported $120,000 in winnings this year.

Q: Ahh, I see. You say you play 30/60? How did you get the money for that? We have no poker earnings for you last year? Is this your first year? Do you have a backer?
A: Uhhhhhh

Q: Sir, could we see....???
A: That's priveleged information.

Q: Not in IRS terms. I think the judge would like to know how you are special and Willie Nelson is not.


For those of you that don't think you can go to prison, you are wrong. I know someone that went to prison for evasion (I think it was 2 years with 6 months served, plus he still had to pay a huge bill).

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Anyone dumb enough to spend 80,000 on a car and NOT report the gambling winnings that funded the purchase deserves to get audited and go to jail. not for tax evasion, but for stupidity.
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