IRS Withholding on US Tournament Winnings Starts in 2008

[Merkle]

John Pappas replied to this issue as follows:


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I would also point out that this ruling, as I understand it, is based on the IRS opinion that poker is not a game of skill and should be taxed at the same rate of “wagering pools” like lotteries.

I think this is an issue that effects all poker players, not just high stakes pros. The PPA will dedicate the appropriate amount of time on this effort and will be sure that it does not slow us down on other fronts ...


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This was an issue I was concerned about at the beginning. Poker tourneys should be treated the same as Golf, chess, bridge, tennis etc...