Not content with fucking over enough poker players by passing legislation that amounted to an online poker ban in 2006, the United States government is requiring casinos to report the winnings and information of players that finish in the money to the IRS.
Starting [March 4th], the IRS will know just how much a player who won more than $5,000 actually won and will demand the player pay taxes on the winnings of 25 percent. If a player refuses to give the casino his tax information, then the casino must take 28 percent of the winnings for taxes.
Granted, any winnings like these should have been reported to the IRS with form W-2G (it's the white one), but this whole deal still reeks of total bullshit. People paying taxes on money that's already been taxed because it came from other people that entered the tournament? Plus, 25 percent? Are we now living in a socialist regime? I hadn't realized the Canadian dollar was so strong that it was taking over our entire government. Fucking Patriot Act. — Monday Morning Punter
![[avatar]](http://p.uproxxcdn.com/photo/226/thumb)
![[image]](http://cdn.wl.uproxx.com/wp-content/thumbnails/130/110/2013/05/Daily-Mail-breakdown-180x180.jpg)
![[image]](http://cdn.wl.uproxx.com/wp-content/thumbnails/130/110/2013/04/saved-by-the-bell-magic-johnson-180x180.jpg)
![[image]](http://cdn.wl.uproxx.com/wp-content/thumbnails/130/110/2013/04/Lacey-Jones-180x180.png)
![[image]](http://cdn.wl.uproxx.com/wp-content/thumbnails/130/110/2013/03/Nick-Diaz-158-180x180.png)
Don't fold on the flop comrade
Folks, come to Canada. Gamblings are non-taxable for Canadian citizens.
Folks, come to Canada. Gambling winnings are non-taxable for Canadian citizens.
Vegas is still in my vacation rotation…at least until the prostitutes have to start reporting the sources of their income.
until the prostitutes have to start reporting the sources of their income.
For now, just the sources of their bruises and herpes.
God damn Demi-crats.
The Canadian dollar? Old news:
Live rates at 2008.03.06 19:30:30 UTC 1.00 USD=1.07940 AUDUnited States Dollars Australia Dollars 1 USD = 1.07940 AUD
1 AUD = 0.926441 USD
RIP, American Dream…
As a fuck you to the IRS, I'm playing in some tournaments this weekend.
Top prize: $4,999.
Somebody named Tits Magee is going to be pissed when he finds out that I've been using his name and tax information in casino's.
Thankfully I'm an illegal immigrant.
<i>God damn Demi-crats.</i>
Nope. Like the earlier ban on online poker, this is 100% Republican. Straight out of Bush's IRS.
You can deduct gambling losses from gambling winnings on your taxes–my shitty play has kept me safe from the IRS for years. Of course, to be safe, you would need to get a receipt from the casino every time you lose.
Fuck you, tax man.
Please.
Let's call it "gaming". It's not gambling, because I have a system.
Dear IRS,
In my club, I will splash the pot whenever the fuck I please.
Sincerely,
Fuck You
If you refuse to pay the tax, you will have to answer to casino greeter and former heavyweight boxer, Jerry Cooney.
Oh yeah, and I'm guessing the Gamblor now works for the IRS…alongside Irwin R. Schyster.
Nope. Like the earlier ban on online poker, this is 100% Republican. Straight out of Bush's IRS.
Yeah, that online poker ban passed 317-93. I'm pretty sure they had some Demi-crats on board. Don't ever get fooled into thinking that one of the parties sucks less than the other. They might take turns sucking more for a few years or so, but at the end of the day, neither one gives a shit about you.
And it wasn't much of a ban. Full Tilt lets me piss away as much money as I want on their site, no questions asked. God bless 'em.
You can deduct losses up to the amount you won, true story.
@BJI–yeah, but how are you supposed to prove losses?