Originally Posted by WickedLou9 The IRS would be innundated with information. It would be more data then they could possibly use. There are millions of wire transfers conducted every day. It would cost more to monitor then they would ever recover from taxing it. how would they be more innundated ...
10-03-2006, 03:34 PM
| #21 | ||||
| ..... your a worthless poster  Realist 
| Originally Posted by WickedLou9 how would they be more innundated than they are with info for everyones 401k/retirement info that they already get? Make it like a 1099 and have the bank give a once/year statement with the account holder being responsible for taxes. If I sell stock I have to pay estimated taxes...why not do the same for wire transfers? 
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10-03-2006, 03:37 PM
| #22 | ||||
| Dirty Liberal  Democrat South Jersey
| Originally Posted by 7960 I don't know. I'm not sure how they would distinguish a normal wire transfer from gambling profits though. It would still be up to you to tell them that X dollars were profits from gambling and the rest represented an original capital contribution. The IRS would probably do what it does already. Go after the big fish and just ignore everything else.
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10-10-2006, 12:06 PM
| #23 | ||||
| tyop speicalist Religion Moderator  Capitalist California
| Bill will be passed this Friday. | ||||
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10-10-2006, 12:48 PM
| #24 | ||||
| Dirty Liberal Democrat South Jersey
| INteresting tidbit: I had an account on CD poker.. I just got an e-mail from them saying that due to the new US laws, my account could no longer place any wagers. I am so glad that our government is protecting me from the evils of online poker. If not for them I would be a degenerate gambler wasting away my savings.  | ||||
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10-10-2006, 12:50 PM
| #25 | ||||
| Never, never, never give up  Conservative Party High Point, NC
| Originally Posted by WickedLou9 Amazing....
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10-10-2006, 12:59 PM
| #26 | ||||
| Perpetual Noob Independent
| Originally Posted by WickedLou9 If you want to be a degenerate and waste away your savings, you can send it my way. I'll even play cards with you for a reasonable hourly fee.
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10-10-2006, 02:51 PM
| #27 | ||||
| ipsa Scientia Potestas est  Pragmatist North Carolina
| This is going to suck for certain websites who currently have business deals with poker sites for advertisements. | ||||
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10-10-2006, 03:01 PM
| #28 | ||||
| America Fuck Yea Election Moderator  Republican In Name Only
| the gamblinh industry is fucked up, we will give away prime real estate to soverign nations to build casinos where we get a super small piece of the action but we don't allow internet gambling in this country. and don't get me started on the lotto | ||||
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10-10-2006, 03:01 PM
| #29 | ||||
| Dirty Liberal Democrat South Jersey
| Originally Posted by Phantom I was actually pretty good at it, but I lost interest. I havn't spent a dime of my own money since last january when I put 35 bucks into my PokerStars account.
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10-10-2006, 03:16 PM
| #30 | ||||
| helluo librorum The Lab Moderator  Humanist Chicago Suburbs
| Originally Posted by WickedLou9 Ridiculous....
With all the crap going on, don't these clowns have better things to do? | ||||
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10-10-2006, 03:35 PM
| #31 | ||||
| ipsa Scientia Potestas est Pragmatist North Carolina
| Originally Posted by Scrumtralecent It's an election year where they're probably going to lose control of the Government, and their base thinks gambling is a sin, so I'm going to say no, they don't have anything better to do at this point.
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10-10-2006, 09:59 PM
| #32 | ||||
| Pinko Commie Bastard  Communist Moscow
| Originally Posted by motivez nobody will jump through all the hoops except people that are good and expect to make money
the casual guy who used to just play for fun every now and then will not bother this severely limits the amount of players, especially the amount of casual players, and the good players will not waste time just playing other good players (less money making chance) which kills online poker dead, done, stick a fork in it | ||||
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10-10-2006, 10:07 PM
| #33 | ||||
| Pinko Commie Bastard Communist Moscow
| Originally Posted by motivez know who it sucks for? Poker websites
PartyPoker's parent company's stock went down 50% in the single day after this announcement btw I have never played online poker but I just think this is ridiculous in every way | ||||
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10-10-2006, 11:51 PM
| #34 | ||||
| Last Starfighter  Independent Northern California
| It's supposed to be a free market, right? Gambling's supposed to be illegal all over America, right? | ||||
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10-11-2006, 12:13 AM
| #35 | ||||
| Pinko Commie Bastard Communist Moscow
| Originally Posted by Diamond Cross I did read this post, yet I have absolutely no idea how to respond
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10-11-2006, 12:18 AM
| #36 | ||||
| helluo librorum The Lab Moderator Humanist Chicago Suburbs
| Originally Posted by Diamond Cross Gambling is not illegal all over America.
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