When I win the WSOP 2005, I'm going to need to know what to do with all that money.Does incorporating as a Nevada Corp allow me to hire myself to play poker, and then pay myself dividends which are only taxed at 16% this year?Side question: Do all the big cash game players report all winnings won in a casino where they bought chips?Just wondering
0
poker winnings and taxes
Started by Balloon guy, May 02 2005 11:37 AM
16 replies to this topic
#1
Balloon guy
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Posted 02 May 2005 - 11:37 AM
#2
CrookedLink
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Posted 27 April 2008 - 05:39 PM
QUOTE (Balloon guy @ Monday, May 2nd, 2005, 2:37 PM) <{POST_SNAPBACK}>
When I win the WSOP 2005, I'm going to need to know what to do with all that money.
Does incorporating as a Nevada Corp allow me to hire myself to play poker, and then pay myself dividends which are only taxed at 16% this year?
Side question: Do all the big cash game players report all winnings won in a casino where they bought chips?
Just wondering
Does incorporating as a Nevada Corp allow me to hire myself to play poker, and then pay myself dividends which are only taxed at 16% this year?
Side question: Do all the big cash game players report all winnings won in a casino where they bought chips?
Just wondering
fail
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#3
chgocubs99
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Posted 27 April 2008 - 05:40 PM
hahaha, i can always appreciate a solid bump like this one
QUOTE (dscoot @ Friday, April 10th, 2009, 3:20 AM) <{POST_SNAPBACK}>
im still not sold that many of these people that get these big online scores are winners when it comes to the live game, which, by the way, is real poker.
#4
four10 lkc
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Posted 27 April 2008 - 05:43 PM
QUOTE (chgocubs99 @ Sunday, April 27th, 2008, 6:40 PM) <{POST_SNAPBACK}>
hahaha, i can always appreciate a solid bump like this one
did no one really ever reply to this until now??
#5
SlapStick
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Posted 27 April 2008 - 05:48 PM
QUOTE (four10 lkc @ Monday, April 28th, 2008, 2:43 AM) <{POST_SNAPBACK}>
did no one really ever reply to this until now??
I was about to answer that, and got too confused
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#6
chgocubs99
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Posted 27 April 2008 - 05:53 PM
QUOTE (four10 lkc @ Sunday, April 27th, 2008, 8:43 PM) <{POST_SNAPBACK}>
did no one really ever reply to this until now??
QUOTE (SlapStick @ Sunday, April 27th, 2008, 8:48 PM) <{POST_SNAPBACK}>
I was about to answer that, and got too confused
I was too, then I read your reply, and now I'm really lost.
QUOTE (dscoot @ Friday, April 10th, 2009, 3:20 AM) <{POST_SNAPBACK}>
im still not sold that many of these people that get these big online scores are winners when it comes to the live game, which, by the way, is real poker.
#7
MyPlayIsRAB
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Posted 27 April 2008 - 06:09 PM
what a solid first post from BG
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#8
sennin
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Posted 27 April 2008 - 06:14 PM
lol cant believe noone ever replied
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#9
four10 lkc
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Posted 27 April 2008 - 06:30 PM
QUOTE (four10 lkc @ Sunday, April 27th, 2008, 6:43 PM) <{POST_SNAPBACK}>
did no one really ever reply to this until now??
hmmm... I think my grammar is ok here, but maybe not? I just can't believe that no one ever made a reply until today.
#10
chrozzo
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Posted 27 April 2008 - 06:38 PM
QUOTE (crookedlink @ Sunday, April 27th, 2008, 9:39 PM) <{POST_SNAPBACK}>
fail
lol
QUOTE (chgocubs99 @ Sunday, April 27th, 2008, 9:40 PM) <{POST_SNAPBACK}>
hahaha, i can always appreciate a solid bump like this one
as do i
QUOTE (four10 lkc @ Sunday, April 27th, 2008, 9:43 PM) <{POST_SNAPBACK}>
did no one really ever reply to this until now??
im FLABBERGASTED
QUOTE (SlapStick @ Sunday, April 27th, 2008, 9:48 PM) <{POST_SNAPBACK}>
I was about to answer that, and got too confused
ya
QUOTE (chgocubs99 @ Sunday, April 27th, 2008, 9:53 PM) <{POST_SNAPBACK}>
I was too, then I read your reply, and now I'm really lost.
hi
QUOTE (MyPlayIsRAB @ Sunday, April 27th, 2008, 10:09 PM) <{POST_SNAPBACK}>
what a solid first post from BG
omg...it was the first....awesome
QUOTE (sennin @ Sunday, April 27th, 2008, 10:14 PM) <{POST_SNAPBACK}>
lol cant believe noone ever replied
ya ya
QUOTE (four10 lkc @ Sunday, April 27th, 2008, 10:30 PM) <{POST_SNAPBACK}>
hmmm... I think my grammar is ok here, but maybe not? I just can't believe that no one ever made a reply until today.
ya ya ya
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#11
chgocubs99
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Posted 27 April 2008 - 06:40 PM
QUOTE (chrozzo @ Sunday, April 27th, 2008, 9:38 PM) <{POST_SNAPBACK}>
lol
as do i
im FLABBERGASTED
ya
hi
omg...it was the first....awesome
ya ya
ya ya ya
as do i
im FLABBERGASTED
ya
hi
omg...it was the first....awesome
ya ya
ya ya ya
drunk?
QUOTE (dscoot @ Friday, April 10th, 2009, 3:20 AM) <{POST_SNAPBACK}>
im still not sold that many of these people that get these big online scores are winners when it comes to the live game, which, by the way, is real poker.
#12
chrozzo
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Posted 27 April 2008 - 06:45 PM
QUOTE (chgocubs99 @ Sunday, April 27th, 2008, 10:40 PM) <{POST_SNAPBACK}>
drunk?
nah..just had a lot to say
its not everyday that one gets the opportunity to use the word flabbergasted
but i dont know if it is 2 Bs or even if an H needs to be in there...like:
flabergasted
flabberghasted or w/e
FCP CBO: Chief Beer Officer
I'm kind of a big deal.
I'm kind of a big deal.
#13
SlapStick
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Posted 27 April 2008 - 06:48 PM
QUOTE (chrozzo @ Monday, April 28th, 2008, 3:45 AM) <{POST_SNAPBACK}>
flabberghasted
And lol at BGs first post
Luck123: Hi everyone :)
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My favourite thread in the whole wide world
http://www.fullcontactpoker.com/poker-foru...howtopic=126798
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http://www.fullcontactpoker.com/poker-foru...howtopic=126798
#14
chgocubs99
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Posted 27 April 2008 - 06:59 PM
QUOTE (chrozzo @ Sunday, April 27th, 2008, 9:45 PM) <{POST_SNAPBACK}>
nah..just had a lot to say
its not everyday that one gets the opportunity to use the word flabbergasted
but i dont know if it is 2 Bs or even if an H needs to be in there...like:
flabergasted
flabberghasted or w/e
its not everyday that one gets the opportunity to use the word flabbergasted
but i dont know if it is 2 Bs or even if an H needs to be in there...like:
flabergasted
flabberghasted or w/e
Regular BB's or PT/BB's?
ok that wasn't funny.
QUOTE (dscoot @ Friday, April 10th, 2009, 3:20 AM) <{POST_SNAPBACK}>
im still not sold that many of these people that get these big online scores are winners when it comes to the live game, which, by the way, is real poker.
#15
chrozzo
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Posted 27 April 2008 - 07:07 PM
QUOTE (chgocubs99 @ Sunday, April 27th, 2008, 10:59 PM) <{POST_SNAPBACK}>
Regular BB's or PT/BB's?
ok that wasn't funny.
ok that wasn't funny.
but thank you for trying?
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#16
Vick12
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Posted 27 April 2008 - 07:27 PM
Way to jump right into FCP BG!!!!
If everyone plays by the same math rules we all lose to the rake.
If your a 70pct favorite to beat someone in general, why take an allin with them at 66/34 ? your giving them the edge.
-MTT Theory by dscoot
respekmestak: Lee jones I heard something you and teabaging??
"Don't test me when I am crazy...on that airplane glue
I'll put my foot down your throat...till u schit in my shoe
What u want KOJAK...TO DRINK PROTEIN SHAKES AND FIGHT
What u need KOJAK...TO GLADIATE ALL NIGHT!!!"
If your a 70pct favorite to beat someone in general, why take an allin with them at 66/34 ? your giving them the edge.
-MTT Theory by dscoot
respekmestak: Lee jones I heard something you and teabaging??
"Don't test me when I am crazy...on that airplane glue
I'll put my foot down your throat...till u schit in my shoe
What u want KOJAK...TO DRINK PROTEIN SHAKES AND FIGHT
What u need KOJAK...TO GLADIATE ALL NIGHT!!!"
#17
four10 lkc
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Posted 27 April 2008 - 07:31 PM
[x] thread delivers
[x] don't know what to put here
[x] chrozzo FTW
[x] don't know what to put here
[x] chrozzo FTW
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