How much are you paying in taxes? - Page 4

TheWorstPlayer · #31 03-01-2006, 11:58 AM

get a new accountant.

kidcolin · #32 03-01-2006, 12:18 PM

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even if poker's your sole income in the uk you dont pay taxes on winnings?

[censored].

god it's so f'n dreary at that latitude though

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I actually really like the weather there (been there twice), but living expenses there are pretty rediculous. I don't know the whole spectrum of costs, but I know property and gas are rediculous.

HotPants · #33 03-01-2006, 07:39 PM

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I thought australia had gambling tax, I remember reading something about Joe Hatchem winning a court case that said he only turned professional *after* winning the WSOP so he didn't have to pay any.

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yeah, well...

I'm not a pro, yeah..

Shut up!

yvesaint · #34 03-01-2006, 09:20 PM

HAHA HOW MANY HILARIOUS PPL HAVE ANSWERED ZERO CUSE THATS WHAT IM PAYING BIATCH

econophile · #35 03-01-2006, 09:23 PM

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Very little (not sure how much though)...I was a student last year and only learned to play September 2004 so my poker income last year is only like 12k and 4k CDN from a research assistant job.

This year poker will probably be close to 100k though. I'm saving up a few grand a month now just for taxes. Damn you, Uncle Sam.

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you should start making quarterly estimated payments if you don't want to pay late fees come April 2007

FatalError · #36 03-01-2006, 10:11 PM

Deductions aplenty i was able to shave her down to about 20g's

ship my bankroll to the IRS

Morrek · #37 03-01-2006, 10:31 PM

No taxes here in Sweden =] (atleast if you play on the right sites, if you don't you pay taxes for all your winnings but can't discount your losses, so that basically sucks)

LurkeЯ · #38 03-01-2006, 10:37 PM

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<brag> $0, poker winnings are not taxed in Sweden. [img]/images/graemlins/grin.gif[/img] </brag>

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BLdSWtTRs · #39 03-04-2006, 12:02 PM

You guys are very lucky.

Well... Maybe Not.

angst · #40 03-04-2006, 12:35 PM

No taxes on poker winnings in Norway (as long as single pots or tournament winnings don't exceed $1500, and I don't play tournaments or $10,000/$20,000). Norway rules in this regard. [img]/images/graemlins/smile.gif[/img]

Had I held a normal job, though, 60-70% of my money would go to the government. [img]/images/graemlins/frown.gif[/img]