Whats the best country for online poker? - Page 3

jlkrusty · #21 07-30-2007, 04:22 PM

Even if you leave the U.S., don't you still have to pay income taxes on your gambling winnings for "X" number of years after you leave? Also, does anyone know how high "X" is?

Kurn, son of Mogh · #22 07-30-2007, 04:33 PM

[ QUOTE ]
Even if you leave the U.S., don't you still have to pay income taxes on your gambling winnings for "X" number of years after you leave? Also, does anyone know how high "X" is?

[/ QUOTE ]

If you leave the US and remain a citizen, you have to pay US taxes as long as you have income. If you renounce your citizenship, you only have to pay US Income Taxes for 10 years.

gringo · #23 07-30-2007, 06:24 PM

I talked with someone who does business in CR and lives there part time. He said it is illegal for anyone to play online. I was surprised to hear this since they allow all the Cust Serv centers there. Does anyone know for sure?

I ve been to the county several times and love it, FYI.

crashjr · #24 07-30-2007, 08:19 PM

[ QUOTE ]
[ QUOTE ]
Even if you leave the U.S., don't you still have to pay income taxes on your gambling winnings for "X" number of years after you leave? Also, does anyone know how high "X" is?

[/ QUOTE ]

If you leave the US and remain a citizen, you have to pay US taxes as long as you have income. If you renounce your citizenship, you only have to pay US Income Taxes for 10 years.

[/ QUOTE ]

This is not true. At all.

thecortster · #25 07-30-2007, 08:35 PM

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Even if you leave the U.S., don't you still have to pay income taxes on your gambling winnings for "X" number of years after you leave? Also, does anyone know how high "X" is?

[/ QUOTE ]

If you leave the US and remain a citizen, you have to pay US taxes as long as you have income. If you renounce your citizenship, you only have to pay US Income Taxes for 10 years.

[/ QUOTE ]

This is not true. At all.

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You only pay taxes in the country you reside in, fact or fiction?

Do I, as a US citizen living abroad, still need to pay taxes on online poker winnings? How about WSOP winnings? FWIW I live in Germany and there is a double-taxation agreement between US and Germany, I'm just not sure how it applies to me as a US citizen.

Any clarification?

tarath · #26 07-30-2007, 09:09 PM

My understanding is you pay taxes in the country where you earn the income

Not sure though, could we get an answer from someone knowledgable?

fnurt · #27 07-30-2007, 09:10 PM

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You only pay taxes in the country you reside in, fact or fiction?

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Complete fiction, so long as you remain a US citizen. Not knowing much about the tax treaty between the US and Germany, though, it would be irresponsible for me to try and provide you with guidance. But you definitely need to check with an attorney or tax professional.

tarath · #28 07-30-2007, 11:49 PM

what if you switch citizenships?

I'm not sure i'd do this but i'm curious

fnurt · #29 07-31-2007, 12:13 AM

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what if you switch citizenships?

I'm not sure i'd do this but i'm curious

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If you renounce your US citizenship, and you no longer have US income, then you clearly don't have to pay US income tax. I'm not sure how renouncing your citizenship is technically accomplished, though.

coloradoslim · #30 07-31-2007, 02:10 AM

I live in cr(assume you mean costa rica).i play cards openly online as do many down here. although i dont have any residency status, it is quite easy to stay here long term. also, i live like a king on a grand a month and have excellent internet and banking options. pm me if you have any questions,this place is heaven on earth!!!