New Tax Law - Witholding
 

Found this in NVG, figured I'd x-post here since it effects basically everyone here.

http://www.cardplayer.com/poker-news...ament-winnings

It doesn't change the amount you have to pay in taxes or anything - simply that money will be immediately withheld (like wages are at any other job).

Re: New Tax Law - Witholding
 

...omfg






what else can you say?

Re: New Tax Law - Witholding
 

This is an absolute [censored] disaster.

Re: New Tax Law - Witholding
 

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This is an absolute [censored] disaster.

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God the US is so [censored] useless.

Re: New Tax Law - Witholding
 

[ QUOTE ]
This is an absolute [censored] disaster.

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QFT

Re: New Tax Law - Witholding
 

This really sucks re: backing situations.

Re: New Tax Law - Witholding
 

EPT/APPT/Aussie Millions/International WPT ftw. [censored] you US, see if you ever get me back.

Re: New Tax Law - Witholding
 

Cash games FTW?

Re: New Tax Law - Witholding
 

wtf!

Re: New Tax Law - Witholding
 

From the article:

[ QUOTE ]
The ruling held that tournament poker is not a skillful competition and should be considered a gambling activity, at least for the purposes of taxation.

[/ QUOTE ]

I swear people who make these laws are 1. either losing poker players who assume they lose because of being "unlucky" or 2. don't bother to do conduct any real research to understand how poker in general and its concepts actually works.