If i wasn't an american I wouldn't even post ITT.

You don't pay taxes on your winnings? Does that cause you any worries at all?

For the past 8 years I wish I only had to pay 28%

And by absurd do you mean absurdly low? 28% is really low especially for someone making >$50k/year.

And worse than rake? Depends completely on stakes, but let's use 5bb/100 winner at PLO200 as an example: Rake costs him 10bb/100, tax costs him 1.4bb/100.

the rake will be lower that's guaranteed. it will be a lot lower. only winners will have to pay taxes (just like before) so in theory there will be a lot more money in the game coming from the gamblers and more of them since trusted brand names will get into the game, bringing more successful marketing.

So much math fail in this thread.

can you lazy americans stop calling internet poker ipoker as there is a network already called ipoker

ty

+1, its tilting me to death.

Also, reading this thread, i came to the conclusion that it sux to be american.

I'm going to go ahead and call this as a solid level.

You managed to quote the only post that wasn't about taxes.

I was referencing someone's post about pokerstars.fr who said the trade off was fair because there are no taxes on gambling winnings.

Which I don't think is a fair assertion because income taxes can't make you a losing player while higher rake certainly can.

What makes you say that the rake will be lower? I'm expecting the same rake w/ a slight possibility that it's higher bec 'they' might figure that they can get away w/ it. If foreign based sites are disallowed they just may.

This is a witch hunt. The rake at the higher stakes will be beatable just like in live games. It's not even an issue.

There will be a huge business for people taking peoples winnings for a percentage.

So all the french players freaking out about the rake were just being dramatic?

What do I care what the rake is at high stakes?

The rake is too high without any increases. Most micro/low stakes players have abysmal winrates and SNG players are constantly battling the sites just to get the rake lowered to a level where they can actually have a winrate.

This isn't 2005. The rake is a huge issue for anyone who wants to play poker for profit.

A large portion of professional online poker players are relying on rakeback these days. Being one of them I can assure you our #1 concern is effective rake. The fact the rake is of little concern to those playing 25/50+ doesn't really matter to us.

actually I don't know if it's fair but there is no trade involve as gambling winnings have always been tax free in france even before regulation.
My main point was that with the coming of new players due to ads and easy deposits you can have a really bigger winrate than pre regulation.
For your info, rake is something like 6 - 7% cap to 3€ on .fr so you don't need to play nosebleed to beat it. And if rakeback is not allowed bonuses are. on pokerstar.fr the fpp system works but I can't tell you if it's the same as on .com as I don't play there

you would be speaking german if it was't for america, so watch what you're saying buddy.




~barry

If you were "being smart about this" you would've held back from posting your "hurr 37% tax rate is coming guys hurr" nonsense when you had absolutely no clue what you're talking about.

I've come to the conclusion that the game would be extremely profitable if it contained the posters in this thread.

Games will be better than they were pre-blackfriday, but this idea games will suddenly be better than ever is ridiculous.

Rake structure needs to be improved for the players because games will continue getting tougher and tougher. The rake structure for micro/low stakes cash and all SNGs is completely broken. Its better if we fix it as soon as possible instead of waiting until everyone except for the high stakes cash players are breakeven/losing to the rake.

Yes, an influx of new players upon legalization will improve games at first. The problem is those games still won't be as good as games were years ago and games will only get worse over time.

There are 9+ of every good player and 1 or 2 of every bad player. This is one of the main reasons MTTs have always been the softest form of poker online. The fish outnumber the good players and when the good players aren't allowed to multiply themselves endlessly the games are good.

Will we be able to play Stars when iPoker passes, or just US run sites? I'm sure this is a dumb question, I just haven't followed the topic post BF.

and you'll be speaking Chinese soon enough.





~pascal

Taxing gambling winnings bahahahahhahah what a fricking joke!!!!11!!!!1!!!

well considering america is canada's "daddy" you had best learn to speak chinese also.




~barry

If you were a USA company would you allow Stars to come to America? If I was PokerStars, I would be setting up shell companies to run 5+ sites from the background.

I'm assuming people here are adding self employment taxes to federal income taxes to get these rates?

Because with the standard exemption a single guy making $50k per year would pay 12.5% of their total income in federal income taxes.

http://www.dinkytown.net/java/Tax1040.html

You have to earn $375k with no deductions before you pay over 28% in federal income tax on their total earnings. The 28% bracket doesn't even start until $140k.