Originally Posted by mastertop101
It's obvious that an amateur should no pay taxes when winning a tournament because then, the tournament becomes massively, massively -EV.
And that would make the tournament different from other legal forms of gambling how? Lotteries, Pro Line, VLT's and slots are all massively, massively -EV and at least some people still play.
The American system was specifically and deliberately designed is to make ventures like poker tounaments massively, massively -EV. In theory, if you dissuade an amateur from playing, you eliminate the opportunity for a professional to win his money.
I don't agree with the U.S. approach personally but that is the fact of the matter. People on this forum might cry about how unjust the IRS is, but to non-gamblers it's just another sin tax.
Last edited by The Timbo; 12-03-2010 at 01:59 AM.