Poker Tax Question

[WebGuySteve]

whoa...Buffalo, NY haha, I am in south buffalo, near west seneca

[Jeffage]

Get an accountant. You will have to pay quarterly estimated taxes to avoid a penalty on April 15.

Jeff

[WebGuySteve]

Thanks Jeff, That is what I am working on now...the estimated quarterly taxes, kinda rough when the first quarter was for bankroll building!

[Overdrive]

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about paying taxes...I've come to known some people in canada, argentina, england and I have noticed that they dont have to pay taxes on gambling earnings. Are we the only country that does have to pay taxes on earnings?

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The United States is one of the few countries that taxes gambling winnings. You can thank the religious puritans for that.

[smb394]

[ QUOTE ]
[ QUOTE ]
about paying taxes...I've come to known some people in canada, argentina, england and I have noticed that they dont have to pay taxes on gambling earnings. Are we the only country that does have to pay taxes on earnings?

[/ QUOTE ]

The United States is one of the few countries that taxes gambling winnings. You can thank the religious puritans for that.

[/ QUOTE ]

Or the tax and spend left. The religious puritans probably don't want you to play at all! [img]/images/graemlins/mad.gif[/img]

[Cactus Cactus]

hey are you on pokerroom and play 100-200 (well usually whatever it the highest) and seem to check raise on nothing all the time??

[Jeffage]

Sure, that's me [img]/images/graemlins/cool.gif[/img]. BTW, do you play in that game or are you another armchair quarterback? Typically that game is heads-up or 3-handed. I'm guessing you don't much understand the style of play at this level or in shorthanded games....I've beaten that site for a tidy sum over the years. I don't remember ever making a statement on this board or anywhere else that I'm one of the world's best players.

Jeff

[Cactus Cactus]

Oh...with that comment about check raising on nothing, I didn't mean anything bad about it. In fact I remember I was playing with you in a 25-50 4 person table with you, and I kept folding to your constant check raises (when I probably had the best hand) that is how I remember you. In fact I have tried your concept out and am learning to use it in the mix...however i've realized that if you aren't up against a person who will routinely call the raise and fold on the turn it seems to be a waste.

- but as for 100-200 i'm an armchair, I've only played in there once right now that is too high for me I'm usually at 25-50

- but if you wouldn't mind could you explain that check raise on nothing concept. What times should you do it (what type of board) when shouldn't you? What are some other implications?

TY

[Jeffage]

Ok, sorry for the misunderstanding then. Your question is a good one, but it's very broad. Alot depends on your opponent, the texture of the board, what your opponent might think you have, whether he would ever lay down a decent hand or ace hi heads up, whether your raise will come off like a move or not, whether you have outs, how your opponent perceives you. Also, how many players in the game, how the game is playing, I could go for awhile.

Jeff

[Cactus Cactus]

would you say that sansone is the expect on that move??