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Article: Jim McDermott Introduces New Internet Gambling Legislation

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  1. Dan Dan is offline Administrator

    Posts: 5,248
    Joined: May 06

    Jul 16th, 2008 (7/16/2008 4:46pm)

     
  2. slizza420 slizza420 is offline College Algebra FTW

    Valdivia
    Chile

    Posts: 2,431
    Joined: Apr 08

    Jul 17th, 2008 (7/17/2008 8:39am) in reply to Dan

    <p>Sounds like a major leap forward for the future of online poker in the United States!!!!</p>
  3. 2Slick4u 2Slick4u is offline

    Atlanta, GA
    United States

    Posts: 4,767
    Joined: Jun 05

    Jul 17th, 2008 (7/17/2008 11:00am) in reply to Dan

    <p>Great work. Hope Congressman McDermott can get his passed. I'll write my congressmen and tell them I'm supporting this.</p>
  4. sprstoner sprstoner is offline

    Posts: 1,343
    Joined: Feb 06

    Jul 17th, 2008 (7/17/2008 12:35pm) in reply to Dan

    <p>seems to me if a congressmen/senator votes against this, or if it gets vetoed, it would be obv that they hate  America's children./</p>
     
  5. thehairlip thehairlip is offline

    Satellite Beach, FL
    United States

    Posts: 15
    Joined: Mar 08

    Jul 17th, 2008 (7/17/2008 6:05pm) in reply to Dan

    <p>If we are required to pay tax on earnings, hopefully they will also include a tax break for the many tournaments we  invest in and DONT cash. I say leave it as is, they arent enforcing it anyway. </p>
  6. rwtemple rwtemple is offline

    Bristol, CT
    United States

    Posts: 533
    Joined: Jun 07

    Jul 18th, 2008 (7/18/2008 11:16am) in reply to Dan

    <p>You are currently required to pay taxes on the earnings anyway.   You do get to deduct entry fees that you don't cash in (losses).   There are a lot of things the IRS doesn't enforce, but if you start depositing tens of thousands of dollars in poker winnings into your bank account without reporting it as incoming, you can bet the IRS will come a knocking.</p>
     
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