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View Poll Results: What is your monthly average score for 2002/2003?
$ 200 or less 7 9.59%
$ 200 - $ 500 14 19.18%
$ 500 - $1000 18 24.66%
$ 1000 - $ 1500 9 12.33%
$ 1500 - $ 2000 4 5.48%
More then $ 2000 21 28.77%
Voters: 73. You may not vote on this poll

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  #71  
Old 07-08-2004, 07:18 AM
Baulucky Baulucky is offline
Senior Member
 
Join Date: Dec 2003
Location: MARS
Posts: 194
Default Re: What is the best way to avoid taxes?

Thanks StellarWind and Diablo for the input.

That was exactly the idea behind my "keep the chips in the box". If a player makes 100K by the end of the year and is playing 100-200, and that's his BR, keep in it in chips is way more advantageous to him than converting and paying the taxes, especially if he were to suffer a 150 BB down fluc and/or if he wanted to play higher.

Now, I know, that is not only more advantageous, but also apparently illegal in the eyes of the IRS.

I would not consider poker a viable occupation if I had to pay taxes on profits.
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