LOL Taxaments (This is terrible...)

[Dranoel]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
wow, I'm glad to be Canadian.

[/ QUOTE ]

[/ QUOTE ]

[x]get hit by a bus
[ ]live a nice life
[x]get burned alive
[x]die

[/ QUOTE ]

I lol'd


[img]/images/graemlins/smile.gif[/img]

[pete6969]

thank god i am canidan

[pete6969]

thank you again lol!!!!!

[pete6969]

not that it really matters cause i suck at donkments

[StrongArm]

you suck at life

[shaniac]

What am I missing? Why is everyone saying they're "glad they're Canadian?" Canadians already have 30% or something chopped off the top of their US tournament cashes, so they're already subject to the same withholding everyone's freaking out about...or you're all just glad you're Canadian and wanted to remind us?

[EWS87]

[x] glad i'm not canadian
[x] glad i do not play donkaments
[x] glad bad poker players who have donkament success will be hurt by this

[DoGGz]

The biggest problem I see is with tournament professionals. If you travel and have a near breakeven year, you'll be way down net cash wise.

I mean, imagine someone winning a tournament for 1mm, then losing 700k of it back playing cash games or other tournaments. Requesting a $100,000 refund is surely going to raise the eyebrows at the IRS. I pay and file my taxes, , but I'd much much rather to avoid a situation like this.

[Hume]

[ QUOTE ]
[x] glad i'm swedish
[x] glad i do not play donkaments
[] glad bad poker players who have donkament success will be hurt by this

[/ QUOTE ]

[ActionStan]

That is somewhat true. Point taken. I would be willing to bet the biggest revenue impact is that fewer people default on taxes they owe. That is probably a bigger impact than any interest or cash flow consideration, but that impact is there for sure. There is certainly a cash flow impact for the player.