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Old 07-20-2005, 07:12 AM
Morpheus Morpheus is offline
Senior Member
 
Join Date: Jul 2005
Posts: 249
Default Re: 30% Tax for Australians

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Australia has a 47.5% top income tax rate which Joe will face if he's classified as a 'professional gambler.' Non professional gambling winnings attract no tax.

Taxman deals in on poker bounty

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I got a funny feeling that if Hashem only played poker about 5 days /year, he will still be classified as a professional poker player. At least, that is the way it works in the USA. Funny things happen like that when the government is involved.