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  #11  
Old 04-11-2007, 11:04 AM
IronFly IronFly is offline
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Location: it\'s hard out here for a pimp
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Default Re: official 2006 tax brags and beats

I get a small refund because of my charitable donations last year.
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  #12  
Old 04-11-2007, 11:05 AM
Gildwulf Gildwulf is offline
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Join Date: May 2005
Location: Blogging
Posts: 20,307
Default Re: official 2006 tax brags and beats

[ QUOTE ]
because i am super smart the IRS owes me around 2.5k. I however have no idea how much I won from poker for these same reasons.

[/ QUOTE ]

step 1) tax evasion

walk me through step 2 and 3
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  #13  
Old 04-11-2007, 11:08 AM
IronFly IronFly is offline
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Join Date: Nov 2004
Location: it\'s hard out here for a pimp
Posts: 2,026
Default Re: official 2006 tax brags and beats

[ QUOTE ]
[ QUOTE ]
because i am super smart the IRS owes me around 2.5k. I however have no idea how much I won from poker for these same reasons.

[/ QUOTE ]

step 1) tax evasion

walk me through step 2 and 3

[/ QUOTE ]

step 1 - tax evasion
step 2 - post about in on the internet
step 3 - jail!
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  #14  
Old 04-11-2007, 11:10 AM
derosnec derosnec is offline
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Join Date: Oct 2005
Location: mmmmm chickfila
Posts: 6,159
Default Re: official 2006 tax brags and beats

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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  #15  
Old 04-11-2007, 11:11 AM
danzasmack danzasmack is offline
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Join Date: May 2005
Location: DYNAMO HARSHBART
Posts: 7,370
Default Re: official 2006 tax brags and beats

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
because i am super smart the IRS owes me around 2.5k. I however have no idea how much I won from poker for these same reasons.

[/ QUOTE ]

step 1) tax evasion

walk me through step 2 and 3

[/ QUOTE ]

step 1 - tax evasion
step 2 - post about in on the internet
step 3 - jail!

[/ QUOTE ]

lolo i do nothing illegel except i used to drink when i was underage

have you ever seen armagedon? i have a similar agreement with the IRS because of my good looks/bo staff skills
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  #16  
Old 04-11-2007, 11:40 AM
fees fees is offline
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Join Date: Feb 2007
Location: Whats my motivation? LOLOLOLOLOLOL
Posts: 4,162
Default Re: official 2006 tax brags and beats

how much should you have made to be filing taxes?
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  #17  
Old 04-11-2007, 11:48 AM
HeroInBlack HeroInBlack is offline
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Join Date: Mar 2005
Location: Gainesville, GA
Posts: 1,311
Default Re: official 2006 tax brags and beats

[ QUOTE ]
how much should you have made to be filing taxes?

[/ QUOTE ]

$0.01
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  #18  
Old 04-11-2007, 11:50 AM
IWEARGOGGLES IWEARGOGGLES is offline
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Join Date: Mar 2005
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Default Re: official 2006 tax brags and beats

Beat: I owe about 6 figures.
Beat: My tax guy won't let me deduct my 10k entry to WPT Fallsview and my 2.7k entry to the Canadian Poker Open
Brag: I have the money to pay it.
Variance: Going to meet him tomorrow to get him to deduct that crap because he is a fool.
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  #19  
Old 04-11-2007, 11:53 AM
delaware99 delaware99 is offline
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Join Date: Dec 2006
Posts: 130
Default Re: official 2006 tax brags and beats

February my accountant tells me i owe $4k. I fire up the computer and win the $4k. Check comes from UB same day as my account tells me i can take a complete loss on some of my other investments (long story... basically money i never saw anyway).

I now get a refund of $4.7k + 4k i won on UB= Great success!


All in time for my trip to Vegas on Friday.
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  #20  
Old 04-11-2007, 12:01 PM
TurdFerguson TurdFerguson is offline
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Join Date: Jun 2005
Location: Practicing avoidance
Posts: 1,042
Default Re: official 2006 tax brags and beats

Beat: I work full-time and play poker only as a hobby.
Brag: I make 6 figures.
Beat: I has a mortgage.
Brag: Mortgage interest payments are tax-deductible.
Brag: Tax refund this year was over $6.3K. SHIPPPPP IT!
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