Joined: Apr '11
Location: United States
Age: 34 (M)
Posts: 81
I hope none of you guys had big bucks in the three companies, or if this is your income...oh man...I can't even imagine.
And..
If you do, then my heart goes out to ya, that is some...well.."s**t" to put it bluntly, and I hope this turmoil moves over quickly, if anything for your sake. Deuces.
Joined: Oct '08
Location: Germany
Age: 49 (M)
Posts: 2025
i think the majority of players has their roll on e-wallets and like in another thread mentioned, tild and stars has surely seen this situation coming one day. guess they spread their money on diff banks in europe or other states outside of US. if thats not the case...well then we all will lose to trust in online poker regarding money safety.
Joined: Mar '09
Location: United Kingdom
Age: 38 (M)
Posts: 188
1st off i feel for usa player but just 3 sites you think it will stop their? i dont think they will. If you are a us player be careful were ou put your
Joined: Jan '11
Location: United Kingdom
Age: 33 (M)
Posts: 704
id say dont deposit anywhere for the next couple of weeks untill we all know where online poker stands for u american players. dont take the risk of losing more money. all poker site are gonna get stopped eventually the gov hit the biggest 3 straight away to get more $$$ as they need the money. be patient it will blow over or the poker dites will pay the taxes. the longer the sites are down for americans the more money the poker sites will lose. if they pay the taxes and have americans playing it wont be as big of a loss as to not having american players at all
Joined: Jan '11
Location: United States
Age: 60 (M)
Posts: 3361
Honestly I believe the primary concern is going to be on the players who have big $$ in their accounts. I believe they will be taxed on their $$. This is just going to establish guidelines for the U.S. poker player (electronic). The big deal is U.S. players are cashing out without paying any taxes. The U.S. will insist all sites implement a policy that ensures the U.S. player acknowledges that they will be accountable for paying taxes on their winnings (big winners). Just like Vegas, anyone wins any amount above $1200.00 there is a form that must be completed by the individual prior to receiving payment. I really think that's where a lot of this is headed. Could be wrong, but willing to bet on this. U.S. Government wants 38% of the winnings if it's a large amount of money! Good Luck to All!
Joined: Feb '11
Location: Canada
Age: 57 (M)
Posts: 753
If any of you think that it is going to stop at the 3, you are in for 1 hell of a shock. This is just the beginning. The US government intends on going after every online site there is that has American players. It's all about the taxes, and they will go after every American there is. Party Poker will be the next they go after, seeing how they are bigger than FTP and Absolute Crap Poker. The American gov started looking into Absolute 3-4 years ago when they allowed over 3 million to be squandered by their former president, who had software to see everyones whole cards.
Joined: Oct '08
Location: Germany
Age: 49 (M)
Posts: 2025
Posted by Greenmohave: U.S. Government wants 38% of the winnings if it's a large amount of money!
if this is true, then its just ridiculous... with rake its nearly 50% lol. i think there should be a diff regulation for cashplayers. ok "large amount of money" still...if they start this **** in europe im done playin poker. dont see any reason why i should keep playing with my money, which i already paid tax for, to pay another tax...no thanks.
Joined: Apr '11
Location: United States
Age: 34 (M)
Posts: 81
My brother and I were talkin about this while have a smoke. We were saying somewhere around what Green was sayin'. Other than the fact that I said "$1000.00" instead of "$1200.00" anything lower than that seems like it would be pointless on both sides. So, makes sense, it's the same as any real Casino.
I just want to know if its the second you win, they tax it instantly or until you withdrawal?
Joined: Jan '10
Location: United States
Age: 33 (M)
Posts: 123
Posted by T3ddyKGB:
Posted by Greenmohave: U.S. Government wants 38% of the winnings if it's a large amount of money!
if this is true, then its just ridiculous... with rake its nearly 50% lol. i think there should be a diff regulation for cashplayers. ok "large amount of money" still...if they start this **** in europe im done playin poker. dont see any reason why i should keep playing with my money, which i already paid tax for, to pay another tax...no thanks.
I agree 38% wow that is ridiculous. Im in the US and if it comes down to that then im done plauing poker it looks like. I hope its more like 7% if anything but hey i guess we will see.
Joined: Dec '09
Location: United Kingdom
Age: 42 (M)
Posts: 2087
Posted by T3ddyKGB:
Posted by Greenmohave: U.S. Government wants 38% of the winnings if it's a large amount of money!
if this is true, then its just ridiculous... with rake its nearly 50% lol. i think there should be a diff regulation for cashplayers. ok "large amount of money" still...if they start this **** in europe im done playin poker. dont see any reason why i should keep playing with my money, which i already paid tax for, to pay another tax...no thanks.
UK is a nice place to live at, if there was no insane high rent fee´s least in london its extremly expensive. but the day i become pro i will. i guess that will never happen except a pokerroom notice my talent on micros and offer me a sponsorship
The main reason gambling (this includes poker in the UK) is not taxed in the UK is because of the way UK tax law works. If the taxman started taxing winnings he would also need to offset losses before working out personal income tax- and this would be a can of worms. Can you imagine a situation where players were able to offset hobby poker losses against their tax bill?
The UK government go after the gambling businesses for tax and not the winners as they consider that taxing winners would help kill the overall gambling golden tax goose.
if this is true, then its just ridiculous...
