If you play online poker regularly, and say you’ve earned a hypothetical $5,000 in one year. How much in taxes would you pay? Would there be any exceptions or special circumstances?
Depends on the country.
Then it depends on your income. (And of course, if you declare it).
If you make 20K a year, then you’d add the 5K and pay taxes on 25K. If you make 100K a year, then you’d declare 105K and pay taxes. You’d pay a higher rate of taxes if you made 105K..
It’s income tax, not a gambling tax.
simply don’t pay it…if the press finds out you pay the tax and a small amount of interest and say ”mr. president, it would be too much of a distraction to your administration and I respectfully decline the cabinet appointment” !!!!!!!!
depends on the country.
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3 Responses
LegFuJoh
December 7th, 2009 at 3:08 pm
1Depends on the country.
Then it depends on your income. (And of course, if you declare it).
If you make 20K a year, then you’d add the 5K and pay taxes on 25K. If you make 100K a year, then you’d declare 105K and pay taxes. You’d pay a higher rate of taxes if you made 105K..
It’s income tax, not a gambling tax.
fah-q
December 7th, 2009 at 4:21 pm
2simply don’t pay it…if the press finds out you pay the tax and a small amount of interest and say ”mr. president, it would be too much of a distraction to your administration and I respectfully decline the cabinet appointment” !!!!!!!!
BC
December 7th, 2009 at 10:53 pm
3depends on the country.
get poker bonuscodes from by visiting the site below or simply registered through any of there links for an instant sign-up poker bonus:http://www.bonuscamp.com
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Welcome at Pokerasdf! Find your poker infomation. We listed some intresting books for you to read here! Also if you have some poker questions you can see some poker questions and answers here!
You can find here questions like where what is the best place to play poker online. Or have more specific poker questions about free facebook poker chips or just want to know some poker technics. How to calculate the change to win a flop or how to convince a player. You can also find here some question how to make a living with poker.
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