Re: Rakeback, taxes, and an argument for the IRS
It seems to me that paying taxes on his illegal income would have gotten him thrown in jail for admitting to doing something illegal.
I haven't played poker online long enough to worry about paying taxes on it yet, but that time is rapidly approaching.
What is keeping the IRS from taking a list of people that claimed some income (or even a loss) from online gambling on their tax returns, and turning it over to the Justice Department for some mass raiding? Is their own laziness the only thing protecting poker players?
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