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  • possible solution

    negotiate in court to have USA players
    tax their deposits
    and tax their withdrawals
    automatically by poker stars
    to give to usa
    5% in and 5% when going out

  • #2
    Why tax it going in
    It's already be earned and taxed
    Maybe tax it on the way out
    We used to have this stupid law in the UK on horse race betting
    as the slip would say bet amount and a tax box next to it
    But if you didn't pay the tax in you was taxed on the winnings
    Both cases were either 10% of bet placed or 10% of monies won
    Last edited by spike8998; Sun Apr 17, 2011, 01:10 PM.

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    • #3
      I think it should be as simple as USA players can play you just have to report a win/loss at the end of each year?

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      • #4
        no one would report
        usa just wants a piece

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        • #5
          Think about it
          USA the only country in entire world not allowed to play poker
          land of the free ?
          over taxed
          over ruled
          laws strangling people and business's
          land of the free ... not anymore

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          • #6
            one prosecutor can decide what millions are allowed
            thats not democracy either

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            • #7
              Massachusetts taxes any winnings over $600 for one bet. an example: So if you win 500 on a scratch ticket you don't pay taxes, if you win 1000(500 on one and 500 on another you don't pay taxes, if you win 1000 on one ticket you have to pay taxes. so why would I or should I have to report a withdrawal of $1000 if I won 3 tourneys, one for 500, one for 400, and one for 100? According to the law in my state I don't have to report any on it but your idea would make me have to pay 5%, It just can't be a flat 5% across the board on withdrawals and deposits, that makes no sense and each state is different. Another thing is that if I have a summer home in Florida and the taxes are cheaper there(just saying for the point of my argument don't really know) why not withdraw to my Florida address? It is gonna take a while before they figure it out.
              Last edited by Flabo; Sun Apr 17, 2011, 08:19 PM.

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              • #8
                the feds want it , later states will want their share

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                • #9
                  Yeah they see the billions in rake generated, and they want a cut of that. They also want a cut of player's winnings too, to tax you on the money that you already paid tax on (withholding taxes). In fact the USA is so heavily taxing its citizens, it's ironic, as the reason the US became a country was to get rid of the over taxation of the British empire. Now they have become just as bad or even worse than the tyrants they sought freedom from.

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                  • #10
                    Originally posted by XXChris123 View Post
                    negotiate in court to have USA players
                    tax their deposits
                    and tax their withdrawals
                    automatically by poker stars
                    to give to usa
                    5% in and 5% when going out
                    IMO, this is only feasible if this "tax" is treated as a withholding toward income tax obligations (just as if you made a large cash in a B&M casino). Then you could deduct gambling losses up to the amount of your winnings so you only actually pay tax on any net winnings.

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