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  #81  
Old 09-01-2007, 11:14 AM
Todd Terry Todd Terry is offline
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Join Date: Apr 2006
Location: The Bellagio
Posts: 676
Default Re: LOL Taxaments (This is terrible...)

[ QUOTE ]
Is the income earned when you win the tournament or when you cash the chips?

[/ QUOTE ]

Win the tournament. It's when you have dominion and control over the winnings. If you have the ability to cash the chips, then you have dominion and control.
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  #82  
Old 09-01-2007, 01:32 PM
davidlong14 davidlong14 is offline
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Join Date: May 2007
Location: Las Vegas, Nevada
Posts: 578
Default Re: LOL Taxaments (This is terrible...)

OMFG
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  #83  
Old 09-01-2007, 03:08 PM
StrongArm StrongArm is offline
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Join Date: May 2007
Location: mada faka
Posts: 272
Default Re: LOL Taxaments (This is terrible...)

i had a dream last night, i didnt pay my taxes. I was a renegade that ran from the law, while killing canadian tourist inbetween. I was like the punisher/evil kanevil/doyle brunson all in one.

good times
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  #84  
Old 09-01-2007, 03:13 PM
rafiki rafiki is offline
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Join Date: Jan 2006
Posts: 3,037
Default Re: LOL Taxaments (This is terrible...)

[ QUOTE ]
thank god i am canidan

[/ QUOTE ]

disclaimer: most of us Canadians are smarter then this one. Thank you.
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  #85  
Old 09-01-2007, 03:50 PM
GaryTheGoat GaryTheGoat is offline
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Join Date: May 2007
Posts: 374
Default Re: LOL Taxaments (This is terrible...)

[ QUOTE ]
[ QUOTE ]
thank god i am canidan

[/ QUOTE ]

disclaimer: most of us Canadians are smarter then this one. Thank you.

[/ QUOTE ]

cool

gg
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  #86  
Old 09-01-2007, 06:04 PM
pete6969 pete6969 is offline
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Join Date: Aug 2007
Posts: 91
Default Re: LOL Taxaments (This is terrible...)

We will get it all back the 30% taken off by your goverentment. Casue winfall and lottery is not taxed in canada
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  #87  
Old 09-01-2007, 06:05 PM
pete6969 pete6969 is offline
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Join Date: Aug 2007
Posts: 91
Default Re: LOL Taxaments (This is terrible...)

[ QUOTE ]
[ QUOTE ]
thank god i am canidan

[/ QUOTE ]

disclaimer: most of us Canadians are smarter then this one. Thank you.

[/ QUOTE ]
So ty sir
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  #88  
Old 09-01-2007, 06:10 PM
btmagnetw btmagnetw is offline
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Join Date: May 2007
Posts: 1,713
Default Re: LOL Taxaments (This is terrible...)

i am from canada and they think i'm slow, eh??
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  #89  
Old 09-01-2007, 07:19 PM
silkyjonson silkyjonson is offline
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Join Date: May 2005
Posts: 66
Default Re: LOL Taxaments (This is terrible...)

You can apply and get it all back. I had a friend that won a huge bad beat jackpot playing at Greektown in Detroit and they took a large chunk right off the top, he provided proof he was Canadian filled out some forms and got it all back.

Also in Canada we are not taxed on any gambling wins which is very fair and shows a fundamental difference between the US and Canada. Canada taxes the hell out of the casino that is making millions rather than put the burden on the gambler which has more to do with games in the pit/lotto then poker though as the casino's are'nt directly making huge sums off of poker compared to all other games they provide.
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  #90  
Old 09-01-2007, 07:43 PM
disco_stu1978 disco_stu1978 is offline
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Join Date: Nov 2005
Posts: 291
Default Re: LOL Taxaments (This is terrible...)

[ QUOTE ]
You can apply and get it all back. I had a friend that won a huge bad beat jackpot playing at Greektown in Detroit and they took a large chunk right off the top, he provided proof he was Canadian filled out some forms and got it all back.

Also in Canada we are not taxed on any gambling wins which is very fair and shows a fundamental difference between the US and Canada. Canada taxes the hell out of the casino that is making millions rather than put the burden on the gambler which has more to do with games in the pit/lotto then poker though as the casino's are'nt directly making huge sums off of poker compared to all other games they provide.

[/ QUOTE ]

Ya, I am not sure why shaniacs canadian friends do not know this....

except we do have to give a charity rake in most provinces, which is actually something that should make you feel good about yourself, but it is no where near the amount of BS the US players have to put up with.
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