Re: Living in Las Vegas........
[ QUOTE ]
When they say "no personal income tax in Las Vegas", how literally do they mean that? Do you really keep all your winnings from poker rooms?
[/ QUOTE ]
There are no state or local taxes, of course you still have to pay the federal portion along with social security etc if you report as a professional. It is a significant advantage though, for example I used to live in Philly, 10% state and 5% local was tax on top of the federal portion.
You briefly mentioned a short BR. If you are a short roll you really may need to reconsider the whole thing. I had 24 months of expenses saved before I went pro, I currently have 19 due to moving and a rough couple months. Please read all the advice on the forum on that topic and the magazine articles. Consider living with family (if possible) to save some cash.
-Bishop
|