Awful WSOP news from PokerStars

[twobitplayer]

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Cash back on your credit card is considered income and should be included on your taxes.

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nope, its not. It is considered a refund of fees.

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nope, its not. It is considered an adjustment in purchase price.

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Hmm.. the stuff I read ruled it a partial refund of the merchant fees... but adjustment in price seems just as good (actually better as now you don't have to worry about some corner case that has a merchant on a special deal at the time you buy paying less in fees then the cash back) at keeping it non taxable.