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FYI, Rich Dad is actually a fictional character, and most legal tax loopholes have been closed.

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Plus, Rich Dad "avoided" paying income tax because he didn't actually have that much income - he kept most of his money tied up in investments, and even then the taxes don't go away, they're just deferred until the investments are liquidated.

You can find out more by purchasing the other 1,000 "Rich Dad" books, tapes and DVD seminars. (Wonder how the author REALLY got rich...?)

Unfortunately, past an IRA there probably aren't many options for hiding away your gambling income, since it's liquid to begin with. As others have said, you'll want to take as many legal deductions as you can - and one of those should be the fee for a good tax accountant.

And I'm not a tax lawyer either.