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US Taxes from poker In the US its federally treated and taxed similar to the rest of your income. You claim your winnings and deduct your loses. Deducted losses cannot exceed winnings. Some states will let you deduct loses and only pay state tax on net, others expect you to pay state tax on all winnings (state tax is very small compared to federal). The guy above who admitted to not reporting 100k on his taxes is just brain dead. This can be verified by reading his other posts. The above is just my interpretation of the law. I am not an expert. Posted in: Poker Community |
donkiman
May 24th, 2013 | ||
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Small Vegas Package 35% sold, 15% still for sale Posted in: Stakees Forum |
donkiman
May 24th, 2013 | ||
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Small Vegas Package 25% sold, 25% still for sale. Playing these either way. Posted in: Stakees Forum |
donkiman
May 24th, 2013 | ||
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Bill Fillmaff is awesome! lol Too many great lines "The grand emperor penguin is Bill Fillmaff" "Because I have table image, and that image is awesome" "Are you naked'" Posted in: Poker Community |
donkiman
May 23rd, 2013 | ||
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Revolution (Cake & Lock) Deposit & Cashout Thread It's almost impossible to get money off :-( I've been trying since the beginning of the year to clear my balance. Haven't seen a dime. Posted in: Poker Sites |
donkiman
May 22nd, 2013 | ||
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Spreading unsubstantiated rumors about site shutdown No idea what any of this means, but you mentioned URL or link... I assume this means you read one of the thousands of articles on the web discussing Juicy and Lock not paying players and the possibility of them eventually closing and stiffing players. This is nothing new and has been discussed at length. Anyone who knows how to use google would not deposit on either of these sites. Posted in: Poker Sites |
donkiman
May 21st, 2013 | ||
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Spreading unsubstantiated rumors about site shutdown Willing to bet OP does not know the difference between Juicy, Lock, and Revolution Network. Posted in: Poker Sites |
donkiman
May 20th, 2013 | ||
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Fastest way to play online for Americans? Contact a Poker Refugees rep on here, they are quite helpful. Posted in: Poker Community |
donkiman
May 20th, 2013 | ||
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Tracking Bovada? A+ Posted in: Poker Sites |
donkiman
May 20th, 2013 | ||
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Buy In For WSOP Main Event vs. $10,000 in Powerball If that math is true, then 175million/10,000 = 17,500. In other words your chances of winning the powerball, given you purchased 10,000 tickets, is 1 in 17,500. If the top 8 places in the main event pay $1m+ and there are 7,000 entrants, then your probability of winning $1m+ (without accounting for skill) would be 1 in 875 It is worth noting that the powerball would pay much more than $1m though. So lets say it paid $100m (500m chopped 5 ways) now it would actually be a better long term investment to go with powerball as you would be winning, on average, $1m for every 175 times you ... Posted in: Live Poker |
donkiman
May 19th, 2013 | ||
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suggestion for stars +1.6 Posted in: Poker Sites |
donkiman
May 18th, 2013 | ||
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Small Vegas Package 18% sold, 32% still for sale Posted in: Stakees Forum |
donkiman
May 17th, 2013 | ||
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Revolution (Cake & Lock) Deposit & Cashout Thread 14 weeks here... Posted in: Poker Sites |
donkiman
May 17th, 2013 | ||
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Article: Crockfords Gives Details of How Phil Ivey Allegedly Cheated I just behooved this article and will probably behoove a sandwich before bed. Posted in: vBCms Comments |
donkiman
May 15th, 2013 | ||
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Article: Full Tilt Claims Administrator: We Haven't Received Any Updated Information So the company in charge of paying back players is not aware of the settlement fund. Not off to a good start. Posted in: vBCms Comments |
donkiman
May 14th, 2013 | ||
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Congrats Garden City Group/Full Tilt Claims GCGDoug' Posted in: Poker Sites |
donkiman
May 14th, 2013 | ||
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Article: Full Tilt Claims Administrator: We Haven't Received Any Updated Information Strangely enough Stars actually paid back FTP ROW customers immediately after the settlement. Not sure why the US customers have this special process requiring a 3rd party and an absurd amount of additional time. Surely the government will benefit from this inconsistency somehow... withholding a certain amount for taxes maybe' Posted in: vBCms Comments |
donkiman
May 14th, 2013 | ||
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Hellmuth's statement regarding UB in light of the recent tapes How about an explanation of where the $55million of player funds went' I mean its a sad story and all and I'm sure we all feel real bad that Phil got lied to (lol) but we never actually got an explanation from anyone about where all of the player funds went.... Posted in: Poker Sites |
donkiman
May 13th, 2013 | ||
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Article: Players React to Recorded UB Meeting Involving Russ Hamilton "It's not taking the ultra high road. It's not saying we're not going to do anything. It's something in between, but the point is they're interested in coming up with reasonable arguments to minimize it. That’s a big part of what Iovation is doing right now." God I hope Iovation pays for this in the biggest possible way. They have become a massive company since then. Posted in: vBCms Comments |
donkiman
May 12th, 2013 | ||
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UB scandal - new information And a second recording nearly 2 hours in length. Here Russ and friends discuss paying off people to keep quiet and concocting a plan to deceive the public into thinking someone else was actually responsible for the cheating. He also mentions illegally monitoring some of the cheated players emails via his inside guy @ Interpol. lol this shit is great : Posted in: Poker Sites |
donkiman
May 12th, 2013 | ||
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Small Vegas Package 13% sold, 37% left Posted in: Stakees Forum |
donkiman
May 9th, 2013 | ||
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Small Vegas Package 12% sold Btw I have this same package up on the other site: / Posted in: Stakees Forum |
donkiman
May 9th, 2013 | ||
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Small Vegas Package 10% sold Posted in: Stakees Forum |
donkiman
May 8th, 2013 | ||
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Small Vegas Package 5% sold Posted in: Stakees Forum |
donkiman
May 8th, 2013 | ||
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**NBA Playoffs round 2** 1 stop. Posted in: Off Topic |
donkiman
May 6th, 2013 | ||
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**NBA Playoffs round 2** Bulls second string defeats the eastern conference all-star team' Wow. Even if its the only game they win, I'm glad they got one. Lets go Bulls! Posted in: Off Topic |
donkiman
May 6th, 2013 | ||
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Small Vegas Package I'll be in Vegas 5/27 - 6/4 Looking to sell up to 50% of the following package: $1100 - 6max Palazzo - 5/29 $400 - NLH Palazzo - 5/30 $1500 - 6max WSOP#4 - 5/31 $400 - NLH Palazzo - 6/2 Total = $3400 x 1.20 = $4080 1% = $40.80 5% = $204 10% = $408 Payments: Paypal/Bank Wire/Cash in Southern California or Vegas (PM for details) Games that are not played due to day2's or day 3's will of course be refunded. References: Have played backed under the following players: Doug Lang (OU_DLanger610), WinFlips on 2p2, and DeezAA and have shown profits for each of them. I have sent first in ... Posted in: Stakees Forum |
donkiman
May 4th, 2013 | ||
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Players Union? hahaha The purpose, at least in my mind, would be to hire private investigators and a law firm to sue the individuals responsible for cutting and running with the money. In some cases when a site goes under its due to things outside of the owners control, but in most cases it involves the owners siphoning player funds out of the company over a period of time. When this happens you should be able to "pierce the corporate veil" and go after the individuals. The process is grueling and expensive. But for example if we had 50k to hire PI's and a law firm there would be numerous people being sued on ... Posted in: Poker Community |
donkiman
May 2nd, 2013 | ||
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Smaller HotRunner(Running) $60's and $22 Rebuys (US sites) included (late reg open) Sweeeeeet :-) Thanks for running the comp Will. I will probably send for the middle bracket of May contest a bit later. Posted in: Poker Community |
donkiman
May 1st, 2013 | ||
