Quote:
Originally Posted by djkelly69
Gemaco, are you talking about cash games or tournies? I think the withholding thing is common for tournies (at least for non-US), but have never heard of it happening in cash games.
Either. I assumed we were talking tournaments, it would seem more outrageous to me if it was a cash game. Do you know what the limit is when the casino starts doing that? I assume the casino is doing it as a service for both the player and the IRS - but my guess is you could demand that money now and pay taxes on your own time in your own quarterly payments.
Plus how would they know your tax rate? What if you had already lost a million dollars that year and you filed as professional so you could net it, would you have to wait till the end of the year to get your 30% of your score back?