Re: official 2006 tax brags and beats
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what's a "session" for HU SNGs? each game? that could get expensive.
random hypo:
assume 60% winner at $50 HU SNGs for 10,000 games.
$300k won - $200k lost - $25,000 rake = $75k profit.
taxes of .3x % x 300k > profit
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In the US, you can itemized your gambling losses up to your winnings. As such, you would get taxed on $75K (75K * 3x%). k thx.
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