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Old 08-12-2004, 07:24 PM
cardcounter0 cardcounter0 is offline
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Join Date: May 2004
Posts: 1,370
Default Re: Are poker winnings considered normal income when it comes to taxes

You are protected. The IRS doesn't share information with Law Enforcement. You have the right not to self-incriminate yourself. If the IRS turned around and reported possible illegal activity, then you would have a possible 'out' on not paying taxes based on the 5th Admendment - right to not self-incriminate. So the IRS doesn't report, and you have no excuse not to pay taxes, illegal activity or no.

If Al Capone had paid taxes, he would have never ended up in Alcatraz.
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