Two Plus Two Newer Archives  

Go Back   Two Plus Two Newer Archives > Internet Gambling > Internet Gambling
FAQ Community Calendar Today's Posts Search

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #1  
Old 08-08-2007, 10:28 AM
Nepthu Nepthu is offline
Senior Member
 
Join Date: Nov 2005
Posts: 515
Default Set up a corporation to receive your poker winnings for tax purposes?

note: I live in the United States

I remember reading an interview with Patrick Antonius. He was asked about a high tax rate is some European country like Norway or Sweden or something in regards to a tournament. I guess the winner would have to pay something like 70% of there winnings in taxes in that country. He said that all of his winnings go to his corporation. I imagine there would be great tax benefits if you could set up yourself as a poker playing corporation so to speak. (Or so I gather from reading the book 'rich dad, poor dad'). There would be no 15.3% self employment tax to begin with. Other taxes for corporations tend to be lower than those on income. Can anyone shed light on this as a possibility?
Reply With Quote
 


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 08:54 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.