How lucky can Hachem get? No friggin taxes!

mrmikejamison · #1 (**permalink**) 12-22-2005, 06:03 AM

I couldn't believe my eyes when I read about this. This is like every poker player's dream. Not only does he win the world series but he gets to keep all the money!!! Maybe I should move to Australia...

http://www.onlinepoker-news.com/2005...break_eeh.aspx

Av8tor009 · #2 (**permalink**) 12-22-2005, 11:03 AM

you gotta be kidding... that lucky bastard... i picked the wrong melbourne to live in

KINGJACK · #3 (**permalink**) 12-22-2005, 01:17 PM

Would have been same here in Canada!

KJ

DeeYakaBaka · #4 (**permalink**) 12-22-2005, 02:28 PM

Quote:

Originally Posted by KINGJACK

Would have been same here in Canada!

KJ

ditto for ireland

gder03 · #5 (**permalink**) 12-22-2005, 03:13 PM

I wouldnt declair it anyway. Id hope the US govt. dosnt watch WSOP. I like to gamboool with my $

bonchkid · #6 (**permalink**) 12-22-2005, 03:15 PM

Very nice break.

poker player 100 · #7 (**permalink**) 12-22-2005, 03:22 PM

wow???

But why is tehre taxes??

Poker Incentives Review · #8 (**permalink**) 12-22-2005, 03:56 PM

As a fellow Aussie i can say that we do not pay income tax on gambling wins. The only reason he might have got in trouble was that he announced on the broadcast and in newspaper that he played professional. In that case it was thought that he would have to pay taxes, but obivously he did not. This is a huge win for all Aussie poker players and makes me very happy.

Basically this ruling means that you should be able to gamble professionally and never pay taxes in Australia.

It should be noted however that he got 30% of his winnings witheld in the US and i am unsure if he ever managed to claim that back. (If he had an EU passport he could have claimed that back).

MidSouthPoker.com · #9 (**permalink**) 12-22-2005, 05:29 PM

So if an American won, how much would he have to play in taxes?

gder03 · #10 (**permalink**) 12-22-2005, 06:36 PM

40% state and 60% federal.