Bankroll Definition and Recommendation for No-Limit Hold 'em

[El Diablo]

raptor,

He is completely 100% incorrect. You absolutely owe taxes on winnings, not withdrawals.

He gave this example: "If you fly to Spain, enter a tournament and win, take the winnings in chips of the casino there if that's an option and place those chips in a casino box in Spain, how is that different than what I'm saying?"

In that example, you absolutely owe taxes on the value of the win.

How likely you are to be caught committing tax fraud of this nature is a whole different question. Just hope nobody turns you in to the IRS after you suck out on them.