I wrote up a paragraph about how I want teleportation and it isn't close, but now I am rethinking it. I waste a lot of time on travel and think a lot about how awesome it would be to just blink and be where I need to be. I justified this by saying that if I could time travel, I couldn't really save the world or anything because no one would listen to me. But maybe they would. Maybe I could do some really cool stuff with knowledge from the future. I could at least be really rich knowing what the stock market will do, but maybe I could save the world! I guess time travel is better. I pick that.

you really paid taxes on your FTP account? Seriously? I.e. you have X$ in your FTP account counted that as income and paid taxes on that for this year?

Thats insanity.

Sorry, I'm not giving tax advice or telling anyone how to do their taxes. DISCLAIMER. I did Pm you tho raptor.....

but how by any means can you count money stolen from you as income? Your accountant really told you to pay taxes on that money? Really? I'm just shocked.

The bear Jew: I believe he was implying that he paid taxes on his FTP money in 2010 and the money was still in his account when black friday hit, which is in line with the tax code of the u.s.

Thank you for the prompt and thorough answers and good luck in life sir!

Regarding this... if I own a company, I net 1m this year. One of my employees straight up takes 500k from the account and flees to who knows where. I think I still have to pay tax on that 500k even though it was stolen from me, as my company profited that money. I don't think the tax code is set up to be 'fair' really. (Also, I have no idea if this example is correct, and I really know very little about the tax code, so take everything I say with a grain of salt. Someone with some knowledge should weigh in here)

Random... but a friend of mine just met your girlfriend.

Does Koda drool a lot or at all? I really want a newfoundland but my fiance thinks its gonna drool all over the place and be a nightmare to clean up :'(

You have mentioned a lot that you would get into PLO if you were starting over again from scratch. As a midstakes nlhe mtt player, with little cash game experience and even littler omaha experience, how would you suggest learning/getting into the game? Watching videos/reading forums, finding people to talk to or just jump right in and start playing? I know it's probably a combination of things, but do you have any specific suggestions? I know the rules/how to play, but I am clueless on the intricacies of the game. Learning an entirely new game from scratch seems daunting, but it would be a fun challenge to tackle and perhaps a better way to make money in the long run it seems

how many hands is significant sample for plo? hu/6max? I've literally had multiple 70k samples that have been COMPLETELY different. What are your samples like? What do you make of the inconsistency of the results of plo at highstakes (eg townsend crushed 2009 but got crushed 2010)

I would want to know whether I was pitching or catching with Dom, and if catching plan a trip to the ER afterward.

**not a CPA or lawyer - took some Federal Taxation courses way back in 2009**

**money won from gambling is included in Gross Income and taxable as such - its not an investment. If you have money-earned in a poker account you're considered to have constructive receipt, assuming it is readily available. There is the assumption that one has the wherewithal to pay, so maybe there's a point of contention there with inaccessible accounts? - the way the DOJ seems to be facilitating repayment suggests that its not considered illegal/seized income (which would still be taxable)**

**If you Could claim poker earnings as self employment or separate entity income, you could carry back/carry forward losses to offset gains from other years (with limitations as to how far). Otherwise, the amount of current year's gambling losses can be an itemized deduction only to the extent that they offset current year's gambling winnings. So yeah, in the PA-busto scenario on Jan 01 you would def be screwed (given that you're taxed on the calendar year)**

+1 really good question

sounds like you're doing it wrong!

I'm not all the way through this yet, but thanks for taking the time.

Can you elaborate further on the pretzel dog story or is there a link somewhere? I could never find it...

As an investor in a clean energy startup, do the additional sources of relatively inexpensive conventional fuels coming online like shale gas & oil, tar sands, etc. concern you or how do you view competition from other sources of energy?

Try Skritter!
If you own an iPhone, download the Word Tracer Learn Chinese app.

I remember reading an article about you in Bluff Magazine about 4-5 years ago, together with Tom Dwan showing off your M3 and numerous plasma TV's lol. I just started out playing poker and I read that article over and over.

Also, China rocks.

Small big city

I have never had to clean up drool really. She drools a bit but I heard horror stories about newfs and she isn't very bad at all. Sometimes she walks up and slops a little on my arm but it doesn't really bother me. The hair is an issue though...

I would probably watch every video I possibly could. I would be playing in between video sessions to keep things fresh and interesting, never more than 2-3 tables until I felt I had a solid foundation and was ready to really start crushing. I would play a fair amount of HU just to get in sticky situations a lot and learn to think my way out of them. I would make every play for a reason, and if I didn't have one, copy down the HH and analyze it later with friends.

I think all forms of poker have a lot more variance than people think. People already expect PLO to have pretty crazy variance, but really I think you should multiply that by about 3. The difficulty in having any precision predicting variance is that it will be different for each person, and then different based on who those people are playing. Some guys just mash heads against the best and never game select, so their variance is obviously going to be higher than others. I am in the same boat, I have many 100k samples that just don't look like the same player. It is pretty silly. Maybe 500k hands should give you a pretty good idea? I really don't know, my play usually changes a lot over 500k hands (hopefully for the better). I think it is impossible to know for sure.

I think Townsend got into the bad habit of playing anyone any time. It is tough to be the best and always fight the best. Even GSP sometimes loses. When you are playing big stakes against really good people with very small edges, losing 3m shouldn't be all that rare. I think another issue is that when you are running good, you feel REALLY dominant, that you can literally beat anyone, so there is no incentive to game select.

I thought it said ****, not get ****ed.

Cool, so I'm not crazy. Thanks for clarifying the suckiness of the tax code for poker players.

Hey Champ

1. http://forumserver.twoplustwo.com/19...ployee-161977/ Arguably I overreacted. I would still be annoyed by this now, but it is likely I wouldn't tell her to **** off. I now don't even bother to ask to have salt on my pretzel dogs.

2. I may have worded this wrong. Right now the majority of the business is in lighting, with the plan to expand into other areas. I really like wind so I am trying to learn a lot about that. I won't claim to know a ton about green energy and the impact of alternative, inexpensive conventional fuels, but my thought is that shale oil is inefficient right now. I think I remember seeing that oil shales only yield around 5-10% of oil (on the higher end), and the process isn't exactly efficient or inexpensive. Certainly an alternative, but I don't know if it is a long term alternative. I read a bit about oil sands a few weeks ago actually, and it sounds like it is on the opposite spectrum of green (though what would the opposite spectrum of green be?? red or violet?). There is a lot of pressures on companies with a global presence to 'go green', and switching to alternative fossil fuels that pollute as much or more than crude oil isn't really what they are looking for. That being said, more oil sources in general likely hurts green energy companies.

I use Pleco for dictionary / flashcards / OCR, and I think it is pretty awesome. For characters, I generally just write them a bunch and try to review everything I know once per week. My retention is pretty good, it just takes a bit of time. I can recognize ~475 characters and write ~250 of those, so I am making progress it is just slow.

I think China rocks too, but I am a little worried about stuff like this: http://observers.france24.com/conten...ent-us-embassy

Can't edit my first response, but I asked about it and she is curious who your friend is

My dad was a CPA. He told me that there is a huge difference between gambling winnings and winnings by a 'professional' gambler. Essentially if you win 1M the first year and lose 750k the second year you would get a massive tax refund from year 2. This is how business losses are handled by the tax code.

Unfortunately you do need a full blown loss in year two to get a refund on year ones money. As I understand it there is some window on this (like 3 years or something).

For all of the guys who are earning 250k+ a year I would strongly suggest hiring a tax attorney AND a CPA. Def the best 2-5k you'll ever spend. Hire the tax attorney once to set everything up and then use the CPA to do your taxes every year after that.

EDIT: Obv I mean guys earning 250k+ a year playing poker.

You should have read the fine print. Ask him to be gentle.

In that case, I shall have to kill Dom.