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Old 01-02-2007, 03:55 AM
fnurt fnurt is offline
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Join Date: Mar 2003
Posts: 2,929
Default Re: Assumptions about a well known poker pro.

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Im sorry but this is a brillaint way to circumvent the IRS. Namely because gifts from foriegners are tax-free! So the foriegn "talent scout" gifts the money back to the unknown star and the star avoids paying taxes on most of his winnings. The best part is as far as I know its 100% legal.

Ok im going to hell for saying this lol

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It never ceases to amaze me that people think "loopholes" really work like this. Like the IRS figures out what you've done and then they just stand there, slackjawed at your brilliance.

You might get away with this, obviously, but it's the farthest thing from "100% legal."
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