Re: Limit material.
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You have to pay tax on poker winnings if you are in the US. I'm finding it implausible that someone is making $4000/mo on .5/1 without moving up. Working an office job is probably better than playing 120,000 hands a month.
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How can the tax department find out how much you are making through poker? In that case, ppl who loses money on poker but make income from his regular job are able to file a tax deduction too?
It isn't an issue for most other countries at least. So yeah, if they have a way to find out how much tax you have to pay exactly, then the situation in US is very different since $4000/monthly means like $6000 actual profit/monthly?
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