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What to do with all this money?!?!!?

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What to do with all this money?!?!!?

Postby Yogadude » Mon Jul 10, 2006 11:46 am

If everybody was able to make a living off of their hobbies the world would be a much better place.
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Postby Allstar7 » Mon Jul 10, 2006 11:52 am

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Postby Yogadude » Mon Jul 10, 2006 1:10 pm

Let me clarify...you're looking for advice on how to launder the poker proceeds and evade the required taxes? just checking.

Don't think youre going to get too much good advice here pardner. Congrats on the windfall though... <<<<<<<<<<<<<<

Didnt say anything about laundering money - it's just that since there are no real internet laws about taxes and income I figured it is a good time to use the loophole to put money aside for the future.
If everybody was able to make a living off of their hobbies the world would be a much better place.
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Postby emmasdad » Mon Jul 10, 2006 1:26 pm

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Postby Allstar7 » Mon Jul 10, 2006 1:27 pm

[quote="Yogadude"]Let me clarify...you're looking for advice on how to launder the poker proceeds and evade the required taxes? just checking.

Don't think youre going to get too much good advice here pardner. Congrats on the windfall though... <<<<<<<<<<<<<<

Didnt say anything about laundering money - it's just that since there are no real internet laws about taxes and income I figured it is a good time to use the loophole to put money aside for the future.[/quote

I dont mean to be fresh dude, but your take on the situation is not common. Most pros or semipros are reporting the winnings as income. there are a good many threads on this on the site, do a search.
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Postby Felonius_Monk » Mon Jul 10, 2006 1:27 pm

Tax evasion sucks. Makes me sick when people have loads of money and yet aren't prepared to pay their way in society. Asshats.
The Monkman J[c]

"Informer, you no say daddy me snow me Ill go blame,
A licky boom boom down.
Detective mon said daddy me snow me stab someone down the lane,
A licky boom boom down." - Snow, 1993
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Postby Allstar7 » Mon Jul 10, 2006 1:30 pm

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Postby k3nt » Mon Jul 10, 2006 1:50 pm

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Postby Allstar7 » Mon Jul 10, 2006 1:51 pm

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Postby Molina » Mon Jul 10, 2006 1:55 pm

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Postby Yogadude » Mon Jul 10, 2006 9:30 pm

If everybody was able to make a living off of their hobbies the world would be a much better place.
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Postby kennyg » Mon Jul 10, 2006 10:05 pm

"I'll take KennyGs advice before Sklanskys every time. "
-Iceman

Proud contributing member of the Poker Player's Alliance.
Poker Journal:
forum/viewtopic.php?p=14017#14017
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Postby MVPSPORTS » Mon Jul 10, 2006 10:31 pm

Or don't claim anything... Sounds good to me...
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Postby Nortonesque » Tue Jul 11, 2006 12:24 am

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Postby adiuvat » Tue Jul 11, 2006 12:37 am

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