I am new in the US. And I would like to know how much taxes do you pay ? For example you are single and made 30.000 USD in 2008. So how much taxes do you need to pay ? I know you guys cant tell it me exactly but you could answer 10-13 %
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I am new in the US. And I would like to know how much taxes do you pay ? For example you are single and made 30.000 USD in 2008. So how much taxes do you need to pay ? I know you guys cant tell it me exactly but you could answer 10-13 %
i used a guide put on p5s by a gambling tax proffesional, it came to around 16% for me.Quote:
Originally Posted by muoi1
but i spent 100% of my online earnings in live venues this year so no taxes for me.
Defyodds, thanks for answering. How did you do this and where is this guide ? Did you said that you lost your winning by live play ?
go to p5s and on the left hand side there is a tab called 'TAX Q and A"
you could lie and claim losses at live cash games/ the pit, but i wouldnt recommend it. i have reciepts for my live tourneys, travel expenses etc.
Thank you dude. This will be important for me this year because I will start playing poker for living hehe.
For all who are interested in this:
PocketFives
Thanks for the link! With any luck I'll have to lose a lot at the live tables this year. :)