Two Plus Two Older Archives  

Go Back   Two Plus Two Older Archives > Internet Gambling > Internet Gambling
FAQ Community Calendar Today's Posts Search

Reply
 
Thread Tools Display Modes
  #11  
Old 04-13-2005, 04:52 PM
WhiteWolf WhiteWolf is offline
Member
 
Join Date: Mar 2005
Posts: 87
Default Re: poker incorporated: not your typical tax post

Do not forget that (IIRC) corporations must pay tax on profits, so any money that you have for dividends will be taxed first as corporate profit, and then taxed again when you pay yourself as a dividend. My gut feel is that this approach will not save you money in taxes, and may even cost you, but you really should ask a tax pro....

HTH,

The Wolf
Reply With Quote
  #12  
Old 04-13-2005, 05:01 PM
astroglide astroglide is offline
Senior Member
 
Join Date: Sep 2002
Location: download an irc client at www.hydrairc.com (freeware not spyware), connect to irc.efnet.net, and join the channel #twoplustwo to chat live with other 2+2 posters
Posts: 2,858
Default Re: poker incorporated: not your typical tax post

i would suspect that it has something to do with "providing the game" since they're not "playing" in a real sense. in craps, for example, they simply hand you the dice, provide a board, and distribute the money appropriately.
Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 03:28 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.