That rather depends on whether ,from an effective win rate perspective, the expected influx of fish is sufficient to offset the expected tax take.

Plus, of course, with this amazing pro-active regulation that the US government is going to do to stop all this rigging , there are compliance costs to be taken into account.

It may turn out for the best, if it happens, but I have a nasty feeling that the old aphorism: "beware of what you wish for", may turn out to have been appropriate here.

I think the most correct path this thread should take is everybody just standing up and saying IM the unluckiest player in poker.. no IM the unluckiest player in poker etc..

Some times I'm very lucky.

Sometimes I'm very unlucky.

Most times I'm somewhere in between.

I strongly suspect that's the case for most players.

Could very well be in the lamd duck session since it's safe, can be agreed on both parties and puts people to work. Either way it's coming and your sacred cows hiding off shore are done buddy.

Yes, but, if it happens, when will it become law?

You seem to be a great expert on the subject so that should not be a difficult question for you to answer.

Thats right, keep ignoring the posts that are actually relevant to this thread and continue posting your opinions about regulation.

Have you been to High School? Congress passes it and it goes to the president's desk once he signs it then it's law.

Well funny both most things I have said have come to pass. You laughed when I said the US would force offshore sites to be based in the US to be legal and it happened. Well sure looks like FT and PS will not get licensed. It's ok I know it must be hard for you but just keep walking around blindfolded refusing to accept what is happening. Oh yea your going to have pay taxes on winnings too. Sucks doesn't it?

Yes, but, if it happens, when will it become law?

You know, a date.

Wow, really?

It's happened?

But why has it not made the news?

I thought that US'ans already had to pay taxes on their winnings.

Are you saying this is something new?

No one even cares for you in the Legislation forum. No one laughed at you for any statements that ended up coming true.

And just lol at the tax comment. Clueless.

WTF cares about the legislation in this thread? This thread is not about whether online poker will be rigged in the future, we can deal with that then. It's about whether any of the sites have been or are currently rigged now!

So BOP, please STFU about this legislation and bring it back to the forum where it belongs.

Shills: please don't get sucked in again to the legislation talk. Just ignroe him. He's a troll who contributes nothing but unsupported allegations and hijacks.

Well if the Dems get their asses handed to them election day (which seems very likely) they will probably want to get this bill passed in the Lame duck session since it generates jobs and their goal will be to give Obama a chance to get a second term. If it passes both houses it will probably get on his desk immediately and he will sign it. Unless something crazy happens I see this happening late Jan till March latest. Unless Frank really pushes and it could pass by Xmas.

If you watched the committee meeting you would have seen it and the bill will include it. Not a shock, no sane congress member is going to give carte blanch to a bunch of crooks hiding on Indian reservations or the Isle of man. Everyone with a shread of brains knew this would happen. You pay taxes and get regulated if you want US licensing. Simple

How do you pay taxes on income from a internet site? Many are dodging taxes on their winnings by hiding it and it's quite easily. That is coming to an end when these sites will have records of your deposits and cash outs.

Ahh, will include it.

So it hasn't happened yet.

Whereas you said: "You laughed when I said the US would force offshore sites to be based in the US to be legal and it happened."

Whereas, in fact, no one laughed and it hasn't happened.

Well, I suppose for you, 0/2 is quite good.

Are you really that stupid?

The same way you pay taxes on anything else that isn't PAYE. You declare it to the tax authorities. That can save you a great deal of hassle and expense.

Smoke and mirrors now? Fine, we can reserve this conversation until the bill is on the floor. If you want to dillude yourself go right ahead. It's not surprising that you would hold out hope the status quo can still be saved. Good luck!

Everyone in this thread wants the bill to pass. Just because we disagree that there is some mass conspiracy to subtly rig the deal doesn't mean we don't all want online poker to be regulated in the USA.

No one ever laughed at you for supporting any legalization bill for online poker.

You are though a fear monger and a liar. That has nothing to do with any bill.

Either this Congress (111th) gets it past the House and Senete and onto Obama's desk by Jan 3rd and then Obama signs it within 10 days (Jan 13th?) or the bill dies and it has to start all over. If the Dems do get their asses handed to them, then Barney Frank will lose the chair of his committee (I forget which it is) so it won't be as easy for him to move it forward, so it could be years.

Back after a few months and see it's the same 5 shills hard at work.
You would think they would get bored by now?

Well, you're half right. It has become rather boring. But hard?

Hey! Look whose back from summer camp! You have a good time pal?

I like dilluding myself, mmmmmm pickles

I'm not refusing to accept what is happening (if anything is happening). As far as I am concerned, what you are constantly rambling on about will have little (or no) effect on me and no effect on the fairness of the game.

The only thing I refuse to accept is your constant lies.





You have repeatedly denied your xenophobia and asked for people to quote some. Here you go. You can deny it all you want but you need to stop libelling people like this if you want anybody to believe you.

It's kind of fitting that he misspelled the french term "carte blanche". Although I'm sure he is clueless of its root.

Subtly? Have you ever played on Fool Tilt? There is nothing subtle about it.

Yeah, that is why with all the millions of hand histories available no one has been able to show that it is rigged.

It is pretty stupid to think that it is likely a site would rig its deal to begin with, but it takes a special kind of stupid to think they would do this and make it obvious.

to keep this thread up and running

By reporting the income and then paying the tax on it. I've done it for the last few years and will again this year.