Thread: WSOP & the IRS.
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  #19  
Old 07-16-2005, 11:10 AM
RedManPlus RedManPlus is offline
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Join Date: Apr 2005
Location: Toronto
Posts: 238
Default Paying Your Taxes

It all depends on the tax treaty your country has with US.

Canadians would be subject to ZERO to 30%...
Depending on type of income.
Poker winnings would likely be around 30%.

But this does not affect your EV at the table.

Just later at the end of the fiscal year...
You pay taxes on your NET income (less expenses).

A poker pro whould be able to write off travel, hotels, rental cars, etc.

Does an free rental car raise your EV?
Does a free meal at the casino buffet raise your EV?

rm+

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