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#11
01-25-2007, 08:17 PM
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Re: Interesting guest on Bluff Poker Radio last night
[ QUOTE ]
He also said that there are talks in the works in states where there are licensed casinos(California, Nevada, New York, etc.) where the casinos can start their own online poker sites where you can play legally if you reside in their state. [/ QUOTE ] My understanding is that this is already legal and could be done right now if they wanted to. 
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#12
01-25-2007, 08:21 PM
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Re: Interesting guest on Bluff Poker Radio last night
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[ QUOTE ] I don't think he knows what he's talking about, frankly. I don't think he's crazy for thinking online poker will come to an end, but this bull about being taxed at 25% is horrible. The tax motivations for the US government relate to taxing the casino's. Players, even right now, are suppose to pay taxes on their winnings now. Billy Baxter already won a supreme court case over his poker winnings being treated differently than regular income. What's the basis for internet gambling winnings being taxed differently than how B&M winnings are taxed today? Rose is a smart guy, but I think his theory on how it will be taxed is garbage. [/ QUOTE ] No, I believe he is right. I always thought it would be in the 25 percent range. It's just going to be tough to make money with that, in addtion to the rake. [/ QUOTE ] Tough!??!?! Internet casinos run at a remarkable profit level. There is very little overhead and the income is constantly coming in (provided you've hit the benchmark for players playing on your site). If I owned PokerStars for example, I'd happily pay 25% in tax vs. having to shut down completely.
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#13
01-25-2007, 08:22 PM
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Re: Interesting guest on Bluff Poker Radio last night
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[ QUOTE ] I would assume he's talking about a casino tax, which is paid by the casinos based on their revenues, not a player tax. [/ QUOTE ] Nope, he specifically said it is going to be a player tax. [/ QUOTE ] then he's retarded.
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#14
01-25-2007, 09:11 PM
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Re: Interesting guest on Bluff Poker Radio last night
[ QUOTE ]
[ QUOTE ] [ QUOTE ] I would assume he's talking about a casino tax, which is paid by the casinos based on their revenues, not a player tax. [/ QUOTE ] Nope, he specifically said it is going to be a player tax. [/ QUOTE ] then he's retarded. [/ QUOTE ] No, your retarded if you can't see that this is the direction that our industry is going. Everything Rose said has been said by the best thinkers over the past 2 years - none of this is new... the only thing thats new is people are beginning to listen. Online poker is not dead, it is dying in it's current format. The future will most likely be state regulated games, taxed earnings as well as a gamblers tax in many states, and with rare exemptions no legal high limit play. Anyone who doesn't see this already is kidding themselves - but on the bright side poker isn't dead, its going back to what it used to be. Goodbye bubble in the poker economy, hello good old days. TT [img]/images/graemlins/club.gif[/img]
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#15
01-25-2007, 10:04 PM
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Re: Interesting guest on Bluff Poker Radio last night
TT,
"Goodbye bubble in the poker economy, hello good old days." I disagree 100%. When regulated online gambling, even with a hefty tax imposed, comes to the United States, in terms of player earning potential there will be so much money to be made it will make the last "poker boom" look like a f'ing joke.
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#17
01-25-2007, 10:50 PM
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Re: Interesting guest on Bluff Poker Radio last night
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Can someone explain how a "player tax" would work? [/ QUOTE ] That's an interesting question. How would they tax it? When you cash out? At the end of each day? After each pot won?
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#18
01-26-2007, 02:41 AM
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Re: Interesting guest on Bluff Poker Radio last night
[ QUOTE ]
TT, "Goodbye bubble in the poker economy, hello good old days." I disagree 100%. When regulated online gambling, even with a hefty tax imposed, comes to the United States, in terms of player earning potential there will be so much money to be made it will make the last "poker boom" look like a f'ing joke. [/ QUOTE ] With that one pull I'd agree with your statement, but when comparing to the whole of my prior post I don't agree. I doubt very much that you will be able to get much bigger than a 2/4 game in most states and of course there will be other states that will not permit poker at all if their existing laws dont permit the game to be legally played live. Then there is the federal government, we don't know if they will add any additional restrictions to make "families safe". There very well might be a second boom that appeals to the average low limit Joe, but it wont make professional players happy if they cannot play the limits they want. TT [img]/images/graemlins/club.gif[/img]
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#19
01-26-2007, 04:52 AM
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Re: Interesting guest on Bluff Poker Radio last night
[ QUOTE ]
Goodbye bubble in the poker economy, hello good old days. TT [img]/images/graemlins/club.gif[/img] [/ QUOTE ] hello ignoring the rest of the world
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#20
01-26-2007, 05:56 AM
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Re: Interesting guest on Bluff Poker Radio last night
[ QUOTE ]
TT, "Goodbye bubble in the poker economy, hello good old days." I disagree 100%. When regulated online gambling, even with a hefty tax imposed, comes to the United States, in terms of player earning potential there will be so much money to be made it will make the last "poker boom" look like a f'ing joke. [/ QUOTE ] I agree. Hopefully this can happen within five years.
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