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  #41  
Old 12-17-2005, 03:53 PM
Niediam Niediam is offline
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Join Date: Jan 2005
Location: Michigan
Posts: 823
Default Re: The Tax Man Cometh

No, it does not change your tax bracket.

What it goes change is your AGI. This can have an effect upon many things - for you a big one might be eligibility for student loans.

You will also not be able to take the standard deduction.
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  #42  
Old 12-21-2005, 03:39 AM
TheDelChop TheDelChop is offline
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Join Date: Oct 2004
Posts: 81
Default Re: The Tax Man Cometh

Ok, I would love to get some info for the little guys of the poker world.

I made $9K last year playing cards and are a full time student. This doesn't even come close to some of the things that my parents and I pay for together like school.

Should I be thinking of filing as a pro? It just seems so ludircous but I don't want to go to pound-me-in-the-ass prison either.
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