Re: Taxes in California for Pro Gambler
Worse, actually. If you're filing as a pro, then you owe about 17-18% in social security and medicare taxes. And since it's California, you get to pay some other employment taxes. Depending on which city you're in, you may find they require you to get a business license and then they'll tax you some more. Unless you really, really, like living in California, or are making so much money you don't care about the taxes, move out.
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