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Old 07-06-2005, 01:46 AM
TheHammer24 TheHammer24 is offline
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Join Date: Apr 2005
Location: Changing my skirt
Posts: 335
Default Re: Online poker and taxes...?

[ QUOTE ]
If every American did that, it would cost $88Billion.

It isn't the idea that your $300 is ultra important, in and of itself, but there needs to be fear that you can't cheat the government.

As I learned in college: Don't mess with the revenue, that can't be argued... expenses...different story.

[/ QUOTE ]

I'm going to make the assumption that you don't already realize that every American already underreports at least 300 dollars of tax revenue a year.

GAO knows this and compensates with a higher tax rate. Thus, the government basically lays a small percentage to every citizen [img]/images/graemlins/grin.gif[/img].
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