Ill continue this derail I suppose. I found this kind of interesting:

http://www.usatoday.com/money/econom...ent/50676912/1

Specifically the part where it says most of the people that avoid paying income taxes fall within the $75k-$100k/yr range.

Im no expert, but I would imagine that there are exponentialy more $75-$100k earners in this country then those who are WINNING casino gamblers. I think you have your eye on the wrong people not contributing to our infrastructure through taxation people.

Also thank you for link on LLC/S corp. Good read. Fortunately, I am considered a private contractor in the golf business so I guess I will be incorporating as such...not as a pro poker player.

**Disclaimer **: I do not promote, endorse, nor criticize/judge OTHERS choices to participate in illegal activities, or THEIR choice to post about said illegal activities (intentional or not) on a public forum.

Does it help you sleep better at night to think that you're not alone in wanting to cheat the rest of us? Pay your share like (most of) the rest of us.

At what point in any of my posts did I say I wanted to avoid paying taxes? If incorporating is a way to avoid paying taxes, I can assure you that isnt the reason I am considering doing so.

Do you know what assuming does?

My original gripe was with someone minding anothers business....which is valid

During the week, that's still the case. Based on the feedback from the upcoming promotion, that is definitely going to change on January 1st.

You recognize these are discussion forums, right - where we openly discuss things, like the potential tax obligations on these sorts of promotions? "Mind your own business" doesn't go far on discussion boards. DUCY?

So, I say: Lighten up.

If you're going to pay your taxes, that's great; it's nice to have you in the club.

You should read that more carefully. The article reads, "Those making $75,000-$100,000 a year are the fastest-growing share of people who don't pay federal income taxes." It goes on to specifically state, "The lowest-income Americans - those who make less than $25,000 a year - account for the largest number of those not paying any federal income tax: 76% as of 2009."

There are plenty of people who don't pay tax. But for most of them, it's because they're following the law, not because they're breaking it.

I'm not entirely sure that you can incorporate as a golf contractor plus pro poker player. My guess is that, you would be, in the eyes of the IRS, a golf contractor and an amateur poker player on the side, no different than if you had a regular salary job and were an amateur poker player on the side.

I would check with a tax attorney on what's best for you and not take advice from anyone on the Internet, including me.

I read the article thoroughly. I was referring to the part that was about 13 paragraphs down, not the very first paragraph which you are referring... which is here:

Again, I'm sure there isn't even 1% of 476,624 WINNING casino gambooolers and stand by my opinion that your barking up the wrong tree.

I didn't say both...just golf. And part of my golf business is having to stop at my local casino on my way home to participate in a wonderful promotion Mr. Horning has at TI. Filled under traveling expenses.. hehe, jk obv.

I'm all for a minimum of topic-drift, but let's summarize this side point and move on with the pros and cons of being a proposition player:

Participating in this "get paid to play" program may incur you additional taxable liability. Be responsible, pay your taxes, and consult a gambling/self-employment tax specialist.

I don't think that summarizes the side point at all. There's no debate as to whether participation in the TI program is taxable or not. I don't even think there's even a debate about whether poker winnings are taxable or not. The debate is entirely as to whether someone can advocate tax evasion/fraud, specifically, whether the fact that others do it is a mitigating factor.

If you want to end the discussion or banish it to its own thread, I'm okay with that, but I'm going to post some thoughts in the moderation thread just because this is a new forum.

Consult a tax professional.

I'm simply saying that we can all agree you should pay your taxes if they're owed - and propping, though this program or others may cause you to owe taxes.

Discussing not paying said taxes shouldn't be discussed here - or anywhere, if you're smart.

---

Lets return to the topic of propping in general and its pros and cons; plus anything any real, live props might have to provide.

LoL I was enjoying the tax conversation more :P
Wish I could head to TI for that though... damn good deal, altough playing against 2+2 regs for 40 hrs/wk might bankrupt me even with +$400/wk

Propping is not unethical, esp since they are required to wear a badge in most municipalities in Cali, but I have played in sh high stakes games with 3 other props who kept checking down when they got in hands together. My friend and I were the only non-props in the game and we were playing super hard against each other. They had the audacity to get mad when we asked them politely to stop soft-playing. Wouldve gotten up and broken the game if they werent so lolbad.

No it had to do with me never visiting this forum until now. I will read the thread and respond likely 4 or 5 times.

Find out who is in charge and speak with him. He'll either need people desperately or not be hiring.

Pay varies. The higher you play, the higher your pay.

Yes you're a casino employee and yes it's ethical. I can't understand how either of these could even cause confusion.

Calli has his **** together as usual.

This makes no sense whatsoever.

Do they still have that girl who was possibly the hottest human being I have ever seen up close and personal other than maybe the one HG scanner girl who seems to be gone? Cause I'll prop that place for that....

Everything was pretty much covered and then we talked about taxes. The way it works when you prop is that some portion of your wage (anywhere from like 1/3rd up to like 3/4ths from what I've seen) doesn't end up on your W2 and is considered reimbursement for expenses. Your employer took money directly out of your pocket as a result of you performing your job function; it'd be like taking a taxi to a client's site, I guess. Sorta.

I've been told you're supposed to report that income on your own, but am pretty sure nobody does.

In closing I will say two things. First, finding a good propping job is one way to make playing poker for a living way less stressful and to feel like you're a part of a community. Finding a bad one will make you go insane. Quickly. And second...my employer is paying 20/40 players $10/hour and 40/80 players $20/hour starting tomorrow. Actually I guess starting in 3 hours. So come gambool with me.

I'm looking to be a prop. Hoping I will get paid $60-75 an hour for playing $1/2 nlh for about 20 hours a week

This seems unrealistically high. Not even the 30/60 LHE props I know get paid that much per hour.

Issues specific to the Treasure Island promotion have been moved to a GENERAL THREAD regarding the Treasure Island Hotel and Casino. Please continue Treasure Island related discussion there.

http://forumserver.twoplustwo.com/20...vegas-1145372/