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http://video.google.com/videoplay?do...80303867390173
income tax is not a law but it does say income is defined as profit so do we or dont we? -
short answer yes, long answer yes you pay income tax on your poker profits if you live in the US
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There are a bunch of anarchists out there who like to talk tough and act like they don't have to pay any taxes.
I guarantee you (would bet a large sum of money) that 95% or more of those same people file a return every year. Most people aren't as stupid as they talk.
Bottom line, don't be an idiot; pay your taxes. -
Some good reading: THE TAX PROTESTER FAQ:
<H3> What is the purpose of this FAQ?</H3>
The purpose of this FAQ is to provide concise, authoritative rebuttals to nonsense about the U.S. tax system that is frequently posted on web sites scattered throughout the Internet, by a variety of fanatics, idiots, charlatans, and dupes, frequently referred to by the courts as tax protesters.
This FAQ is therefore not a collection of frequently asked questions, but a collection of frequently made assertions, together with an explanation of why each assertion is false.
And the assertions addressed in this FAQ are not merely false, but completely ridiculous, requiring not just ignorance of law and history, but a suspension of logic and reason.
In this FAQ, you will read many decisions of judges who refer to the views of tax protesters as frivolous, ridiculous, absurd, preposterous, or gibberish. If you dont read a lot of judicial opinions, you may not understand the full weight of what it means when a judge calls an argument frivolous or ridiculous. Perhaps an analogy will help explain the attitude of judges.









