Quote:
Originally Posted by 2OutsNoProb
None of it has. You are clearly wrong here. Your average poker player does not pay taxes on their winnings. Outside of the bizarro world that is 2p2, where reality apparently takes a break from showing up, everyone would agree with me. Perhaps some high stakes players doing it for a significant amount of time, such as yourself, pay taxes. But in an underground club where a bunch of 24 year olds are playing 1/2 NL, 2/5 NL, or some $60 SnG? No, they aren't.
You call me inept because I'm supposed to take this as fact with no evidence. What is your basis, common knowledge? I think your average poker player is in the red each year and doesn't pay taxes.
While this isn't reporting correctly for IRS purposes, I'm fairly certain the IRS doesn't care
that much about someone who won 20k over the course of a year and lost 27K the same year. Of all these 24-year-old winning players, (that of course you know are 100% winning players), you know that next to all of them don't pay taxes how exactly?
Quote:
Originally Posted by 2OutsNoProb
Great. Should've kept it. You'd be better off than you will down the one, when the poker boom is completely over and you have no bad/recreational players to provide your income.
Again, you speak as if you know everyone's situation. Generalize much? As in most careers, if you expect to keep earning good money, you need to stay current and excel above the competition. This happens in nearly every field.
New grads, with all their current technology, are replacing olds that never stayed current in their respective fields. I changed with the times over the years. As the games gradually got tougher and tougher online so did I.
Anyone that just woke up and couldn't beat the games any longer did something wrong, and I was the recipient of such laziness as I put more time off the table inspecting every nuance of my toughest opponents' play than actually playing vs them.
Furthermore, the industry I was in was about to be having its ass handed to it by the internet, and I got out at the right time. I'll be quitting poker in 3-4 years and will only play 2 months out of the year thereafter.
That all said, would I recommend a noob get into poker now with the intentions of playing for a living?
Nope.