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  #1  
Old 12-04-06, 03:55 PM
Boobie Lover Boobie Lover is offline
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I talked to some tax lady today, and she said I would owe 45% (yeah, that's not a fucking typo). Some 15% self employment tax added on. That can't be right can it?
  #2  
Old 12-04-06, 04:06 PM
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JDMcNugent7 JDMcNugent7 is offline
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thats insane and i really doubt its correct, but i guess it depends where u live and whole bunch of other stuff i have no idea about.
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  #3  
Old 12-04-06, 06:20 PM
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I don't think so... but I've never had 100% of my income be from poker, so I'm not sure. Are you able to declare yourself a "Professional Gambler?"
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  #4  
Old 12-04-06, 06:25 PM
Boobie Lover Boobie Lover is offline
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I believe so. Maybe next year I'll get myself a job at McDonalds so I can save myself 20k in taxes.
  #5  
Old 12-04-06, 06:32 PM
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Or a Lemonade stand, lol
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  #6  
Old 12-04-06, 10:13 PM
PShabi PShabi is offline
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Have you ever thought about giving up poker for a career in comedy?
  #7  
Old 12-04-06, 10:55 PM
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Yes but I am not that funny
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  #8  
Old 12-09-06, 09:45 PM
PShabi PShabi is offline
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Yes.
  #9  
Old 12-09-06, 10:47 PM
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Lol Shabi. Boobie Lover is OP of that post.
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  #10  
Old 12-09-06, 11:10 PM
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LOL thats awesome.
and i still think theres ways to make it less.
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  #11  
Old 12-09-06, 11:25 PM
PShabi PShabi is offline
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HAHAHAHAHAHAHA.

And JD,

You can be aggressive with write-offs and find ways to reduce your taxable income, but the %s aren't going to change.

Just because you want something to be a certain way, doesn't mean it's going to happen. You're going to owe A LOT of taxes.

God Bless America.
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