funny discussion

[Talking Poker]

That's pretty decent. I didn't realize they have tourneys that big. What's the fee on those? $1000 + what? And what kind of field size are we talking?

Last question: How do they pay you? Cash? Do they report winnings to the IRS? Just curious.

I live a good 2-3 hours away, but pshabi and I should hook up there for a day of whoop ass sometime.

[jaeh00d]

Dude in all honesty i do not have the answers to all of those questions. I know i've won $360 there in a tourney but that is too little for them to report to IRS. And the one I played was a multi table, back then they had multi tables every sunday. As for the fee for the 1,000, i have no clue. I'll try and find out for you though

[eejit101]

I KNEW the UK had a benefit. anything i win from poker or gambling isnt taxable. The casinos pay the tax for us here, comes out of the rake

[jaeh00d]

This goes out to TP, pshabi, JD, Zybomb, and all of the other " higher stake players " here on the site. Do you guys pay taxes on your winnings of online gambling. Because, I know we all live in the same state, and wonder what the regulations are.

[Talking Poker]

Yes. Income tax evasion is a pretty serious crime in this country.

(BTW, this should definitely be a new thread, as it has very little to do with this topic, which seems to keep changing)

[jaeh00d]

yea dude my fault, I didnt even notice how much i jumped off topic. I'll start a new one in a bit.

[MAYHEM45]

ExitOnly is actually a big tourney player on the 2+2 forums. Not sure if he's a pro though.