2006: I learned how to find the best rakeback deals

2007: I learned how to play poker

congrats zaghomat, thats pretty cool actually.

Wow, awesome graphs. Talk about motivation to continue learning in 2008.

doubt the ol' 1k/2k was running six handed

400k hands for 3k, how did you not kill yourself or quit? Nice job this year.

Has Bryce 'outed' his FTP screename or not?
I want to know what it is...

Have both these guys read the big tax thread in the zoo, and get their opinion on it. There are some valid counterpoints made there.

pretty sure it's freedom28

This graph that Bryce posted on his blog is a little more like most of ours.



http://www.stoxpoker.com/node/1469

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Jesus Christ why did I decide to play donkaments? Here I was thinking I had an awesome year making a bit short of 300k and then I see this ****ing thread... a;dkljasl;jkaflk;jasf

It's all relative, man.

bbv is the only place where you can feel like **** earning 6 figures

meh, there are idiots that can make you feel pretty good about yourself too amiright.

I wonder who has the most hands played this year. I'm sure there are guys putting in 160+ hours nearly every month playing 8+ tables. I want to see some million+ hand graphs

this is so sick

gj to all you sickos and gl in 08

Playing with "an intention to generate income" all winnings are taxable in Canada. One angle that some people try is that winnings which are not cashed out are not taxable, under the speculation that they hold no cash value, but this is incorrect. One option you do have in Canada, though, is to incorporate and sell your poker accounts to the corporation as an asset, which will shelter you from taxes a bit as long as the income in the corporation is under the small business mark, which is something like 350k/yr.

Before making any serious tax decisions you should talk to an accountant who is familiar with the area. You should never make major tax decisions as per the advice of your dad, private speculation, internet message boards, etc.

Also, you guys who think that posting a six figure year as a self employed (and often young) person isn't pretty wicked are clearly insane

Do I remember reading in your blog, Bryce, that that's what you decided to do? Is there still an advantage to doing that if the income is > 350K?

Yes, but it's heavily reduced (though it does allow for some other options). Tax land is a pretty convoluted and crazy world, and if you're able to find a good CA there are kinds of bizarre and perfectly legal things you can do to cut your taxes back at the expense of a bit of time. Again, consult with an accountant.

Freedom25

made me cum.

<3 for Zag's 2008 graph. plz update in a year.

65K breakeven stretch in 2007 must have been sick..
what did you start eat around hand 131,000

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