Re: Never paid taxes before... how much should I expect to pay?
I'm in exactly the same situation as DMoogle (a few k less in earnings though), and paying $10,700 sounds like a TON. That's going to be like 60% of my effective online bankroll. ugh poker is so much harder when you factor in taxes.
Is there anything I should do to help lessen the damage of tax day (other than not spending anything)? I will be paying this all in a lump sum on April 15, correct? Do I just need to accept that my roll will be cut in half once per year?
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