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30

Man Faces Five Years in Prison for Failing to Declare Taxes on $1M Poker Winnings

A small business owner and poker player in Connecticut has pleaded guilty to one count of tax evasion. The man faces a maximum jail time of up to five years. Guy Smith, age 62, of Shelton, Connecticut has waived his right to be indicted earlier this December. He pled guilty instead to tax evasion on his business income and winnings from poker. According to the United States Attorney's Office fo[...]   Read more » Man Faces Five Years in Prison for Failing to Declare Taxes on $1M Poker Winnings

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we all know that paying taxes and decision which court make,are two things that are 100 % sure in usa and that you know that they will get you!you need to pay tax and in example of phile ivey,when borgata wanted money from him,this was sure that he need to pay,but borgata let it down,because they knewt that they will not get this money from him!
so this man should know how things work in america!

     
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The only thing we need to know in the USA is that all persons must to pay taxes ( except for sovereigns, other privileged people such as reservation Indians or others ). We cannot be forgiven by the law if we are wrong. If we have Alzheimer or other illness it is possible of course but must pay these taxes without process.

     
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That country like the United States pays too much taxes, that's why most people sometimes don't pay taxes because it is a lot in their opinion, but that's the way the law is, sometimes we try to hide that, but in the long run the state will always win for that We must not cheat because now are the consequences, become aware of that.

     
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The taxes were too high in America, but i can't make a comparison between democrats and republicans, because i don't know that amounts stopped by tax authorities... with some or with others, when they were in charge. We see the war there and what it will be.

     
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How big are taxes on poker winnings in USA? Don't know if i mised somethin but i cant find that in article. Anyway you must accept the consequences for what you do in past. It's probably not that he like didn't know that he must pay taxes, right? There are allot of better countries if you want to play poker profesionaly.

     
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no matter how much you earn,you pay tax on everything!we all know how sports players pay arround 50 % or their salary on tax (depend of state),so when they say on tv that some basketball player will get 20 million dollars for one year,he will get 10 million,because nobody say that is with tax!so everything else as playing poker and other things are same,you will pay it on end!

     
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In every year thousands of students around the world visit United States with Travel program or something like that. They hoping for experience with American way of life. Of course, if you work in America, you will also must to pay tax. People are robbed in many countries but ''this is it''...

     
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its not strange that people pay big taxes on salaries or something that they win,get or on luxury!we have other countries like usa,for example denmark!in denmark you have taxes on your salary and I think its more then 50 % and nobody say anything wrong,because they still earn lot of money and they are happy!
in usa normal worker maybe dont have so much money,so thats why he avoid to pay tax on any way!

     
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America has always been a corrupt country. This is the truth since 1492 or more. Many crimes, robberies, rapes, protection fees, bribes, tax fraud or others ugly things. Illegalities are in every day here. We should not be surprised.

     
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Unfortunately, sooner or later taxes adjust you so you have to be careful, a good accountant is never too much.

     
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