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Legislation for Poker & Income Taxes for Poker Players Discussions of various poker-related laws and steps players can take to push for better laws.

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Old 07-28-2010, 10:38 PM   #701
theayo
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Re: HR 2267 Markup (Passed 41-22-1)

so correct me if I'm wrong I'm not going to read every single post but since stars and full tilt have never accepted any wages or bets from anyone ever like a site like bodog...then it will be very easy for them to get a license?
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Old 07-28-2010, 10:39 PM   #702
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Re: HR 2267 Markup, Wed. 7/28 10:00am

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Originally Posted by mpethybridge View Post
This amendment was amended before it passed, and is subject to additional negotiation. We don't know the text of the Frank amendment to the Bachman amendment, but the gist of it was to change the amendment to one that required the sites to prevent people from playing if the sites were first notified that someone has a delinquent support obligation.

as amended, it is probably a good thing.
Sounds great to me. The last thing I want is to be playing poker against people that are not paying their child support and instead using the money to gamble.
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Old 07-28-2010, 10:40 PM   #703
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Re: HR 2267 Markup (Passed 41-22-1)

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The fact that it will be easy to deposit on licensed sites using Paypal type processors or maybe even cash cards bought at gas stations. The unlicensed sites will have processor issues, maybe even worse than now. If you could go to the local casino or lottery office and pick up your cashout now would you wait weeks for a check that may or may not bounce? Also deposit ease for fish should help with game quality of the licensed sites if they rake isn't so bad it kills everyone.
Okay, but I was thinking of sites that, for one reason or another, get denied licenses.
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Old 07-28-2010, 10:52 PM   #704
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Re: HR 2267 Markup (Passed 41-22-1)

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Originally Posted by theayo View Post
so correct me if I'm wrong I'm not going to read every single post but since stars and full tilt have never accepted any wages or bets from anyone ever like a site like bodog...then it will be very easy for them to get a license?
I just now addressed this question here:
https://forumserver.twoplustwo.com/sh...52&postcount=8
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Old 07-28-2010, 10:53 PM   #705
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Re: HR 2267 Markup, Wed. 7/28 10:00am

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Originally Posted by LOLonghorn View Post
is there any good/bad guys in the Committee of Ways and Means that we should know about? specifically people who have a strong opinion of gambling one way or the other?
(R) Peter Roskam from my home state of Illinois is vehemently opposed to online gambling regulation. Not sure about any of the others tho, but I agree that having more democrats than republicans help.

Thanks a lot to all those that have helped us in this victory
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Old 07-28-2010, 10:57 PM   #706
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Re: HR 2267 Markup (Passed 41-22-1)

Where can we see a breakdown of the votes by representative?
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Old 07-28-2010, 10:58 PM   #707
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Re: HR 2267 Markup (Passed 41-22-1)

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Originally Posted by blueodum View Post
Okay, but I was thinking of sites that, for one reason or another, get denied licenses.
Presumably it will be very hard to deposit and cashout on those sites as opposed to licensed sites. This in itself will give the unlicensed sites a huge disadvantage. On top of that I could see them getting more heat than they do currently.
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Old 07-28-2010, 10:59 PM   #708
cardboardvox
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Re: HR 2267 Markup (Passed 41-22-1)

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Originally Posted by zizek View Post
Where can we see a breakdown of the votes by representative?
http://financialservices.house.gov/H...px?NewsID=1340
Where it says ## yea ## nays are links to the breakdown.
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Old 07-28-2010, 11:00 PM   #709
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Re: HR 2267 Markup (Passed 41-22-1)

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Originally Posted by zizek View Post
Where can we see a breakdown of the votes by representative?
See this thread. There is a link near the top of the OP there (# yays, # nays) to the PDF that shows the votes.
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Old 07-28-2010, 11:03 PM   #710
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Re: HR 2267 Markup (Passed 41-22-1)

so was today a good or bad day for us players? all the ammendments confuse me tbh thanks
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Old 07-28-2010, 11:05 PM   #711
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Re: HR 2267 Markup (Passed 41-22-1)

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so was today a good or bad day for us players? all the ammendments confuse me tbh thanks
It was a very good day. See this thread to get unconfused.
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Old 07-28-2010, 11:06 PM   #712
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Re: HR 2267 Markup (Passed 41-22-1)

Thank you for the links.
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Old 07-28-2010, 11:08 PM   #713
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Re: HR 2267 Markup (Passed 41-22-1)

thanks px your the man
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Old 07-28-2010, 11:15 PM   #714
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Re: HR 2267 Markup (Passed 41-22-1)

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What, if anything, is going to stop sites licensed in other jurisdictions from continuing to serve the US market?
The fact that it will be easiest for US customers to use US licensed sites.
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Old 07-28-2010, 11:37 PM   #715
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Re: HR 2267 Markup, Wed. 7/28 10:00am

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Originally Posted by LetsGambool View Post
I would not want to be a player who didnt pay their taxes on Full Tilt and Stars winnings and has not declared them as foreign accounts if this passes. Get to an accountant and get yourself clean PRONTO if this fits your situation.
Read the post again:
The "I paid my taxes if thats what you mean" part.

Don't worry about me. I'm good, I paid my taxes, I even put PokerStars as the place I won the money, lol. They never said a word back about it. I live in Alabama and I put PokerStars on my state taxes too. I warn others to pay their taxes. I have hand histories, tourney histories, excel log and PokerStars playing history audits to back me up. I even made copies of my tax forms that I sent in when I paid my taxes. I have the cashed checks showing I paid my taxes. So if anyone still thinks I didn't pay my taxes please re-read this post till you see the part where I paid my taxes.

LetsGambool, I agree with you that those who have not paid their taxes should be getting cleaned up. But even the ones who have, might not have filed correctly. There is so much bad info that gets passed around about taxes. Many players file wrong or don't have the info to back up what they filed. I hope taxes get easier with the licensing of the sites.

glgl
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Old 07-28-2010, 11:56 PM   #716
John Mehaffey
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Re: HR 2267 Markup (Passed 41-22-1)

Just a random thought as I'm doing some writing about this. The 8% deposit tax would seem to be on net deposits. Currently US facing rooms are paying 9-10% in processing fees for U.S. players but that would drop to about 3% if they didn't have to use creative processing. Most of this tax revenue would come from the savings in processing fees that the rooms currently have to pay. Hopefully this means we wouldn't be killed by absurd rake and policies like the French players are dealing with now.
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Old 07-29-2010, 12:08 AM   #717
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Re: HR 2267 Markup, Wed. 7/28 10:00am

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Originally Posted by jamzfive View Post
I noticed that he also voted Aye on Amendment 18, which gutted the entire bill and replaced it with verbiage that basically just strengthened UIGEA. Not sure what that was about.

jb
Dammit, I didn't go through the amendments yet. I'll have to dig deeper when I have the time.

Quote:
Originally Posted by RiverAnAce View Post
Read the post again:
The "I paid my taxes if thats what you mean" part.

Don't worry about me. I'm good, I paid my taxes,

LetsGambool, I agree with you that those who have not paid their taxes should be getting cleaned up. But even the ones who have, might not have filed correctly. There is so much bad info that gets passed around about taxes. Many players file wrong or don't have the info to back up what they filed. I hope taxes get easier with the licensing of the sites.
Gold star sir, and I agree with you, strongly, concerning your last paragraph.
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Old 07-29-2010, 12:46 AM   #718
bsktbllkng237
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Re: HR 2267 Markup (Passed 41-22-1)

Time for PS and FT to move there facilities
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Old 07-29-2010, 12:52 AM   #719
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Re: HR 2267 Markup, Wed. 7/28 10:00am

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Originally Posted by JPFisher55 View Post
I agree. I am very disappointed to hear a Tea Party leader argue against individual freedom and in favor of any government prohibition. She's just another ruling class politician.
Thanks JP...

IMO, We need 2 mobilize our PPA and tea party people in Minnesota and get their temperature b4 this bill hits the house...TE...How can we do this???We need to call out this woman Bachman...I am willing to help out in any way possible...

Michael of NJ
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Old 07-29-2010, 12:52 AM   #720
cjp
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Re: HR 2267 Markup (Passed 41-22-1)

I have been reading a few different sites and apologize if this has been covered, but when would should we expect to see this make a difference? When would we see licensed sites and poker advertisement from licensed companies assuring fish that things are fair and legit etc (as they already are)? Anyone have an educated guesstimate.
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Old 07-29-2010, 12:53 AM   #721
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Re: HR 2267 Markup, Wed. 7/28 10:00am

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Originally Posted by TheEngineer View Post
He voted for it. He cosponsored it, in fact. He's been a great ally ever since UIGEA passed.
+1...Ay Peter King...

Michael of NJ
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Old 07-29-2010, 12:55 AM   #722
ivey10k
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Re: HR 2267 Markup, Wed. 7/28 10:00am

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Originally Posted by RiverAnAce View Post
It was part of their agreement to save thier butt. You didn't know this? Neteller said it themselves.

http://www.cappersmall.com/betting/a...eller4982.html

"On July 18th, 2007 Neteller announced they entered into a Deferred Prosecution Agreement (“DPA”) with the United States Attorney's Office for the Southern District of New York (“USAO”). "Pursuant to the DPA, the Company has consented to the filing of a criminal information relating to transactions between Internet gambling merchants and persons located in the United States."

They never came after me...And I had a substantial roll in my neteller...Hope u r doing okay...

Michael of NJ
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Old 07-29-2010, 12:56 AM   #723
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Re: HR 2267 Markup, Wed. 7/28 10:00am

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Originally Posted by Jstyal View Post
Good job Tea Party. One nay and one present vote.

And Bachus again delivers. I can't think of a better opposition leader to poker interests than him.
+1...Thats a fair way 2 look @ it...

Michael of NJ
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Old 07-29-2010, 12:59 AM   #724
ivey10k
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Re: HR 2267 Markup, Wed. 7/28 10:00am

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Originally Posted by TheEngineer View Post
NEWS RELEASE

PPA Praises Passage of H.R. 2267, Internet Gambling Regulation Bill


Washington, DC (July 28, 2010) –The Poker Players Alliance (PPA), the leading poker grassroots advocacy group with more than one million members nationwide, today applauded passage of H.R. 2267, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act, by the House Financial Services Committee. The bipartisan 41-22 vote demonstrates that sensible regulation of Internet gaming is gaining support in Congress while prohibition continues to fail.

“The fact is, online poker is not going away. Congress has a choice – it can license and regulate it to provide government oversight and consumer protections, or our lawmakers can stick their heads in the sand, ignore it, and leave consumers to play on non-U.S. regulated websites in all 50 states,” said Former Senator Alfonse D’Amato, chairman of the PPA. “I’m glad the Financial Services Committee today overwhelmingly chose to act and protect Americans as well as preserve the fundamental freedoms of adults and the Internet.”

Sponsored by House Financial Services Committee Chairman Barney Frank (D-MA), H.R. 2267 establishes a robust licensing and regulatory regime for online gaming in the United States, providing much needed oversight on this growing industry in order to protect consumers, children and problem gamblers. By using the most modern technologies and regulatory authority, this bill goes further than the ineffective Unlawful Internet Gambling Enforcement Act (UIGEA) to keep children and problem gamblers off these sites, at the same time allowing for strong consumer protections for adult consumers who enjoy this recreational activity. Additionally, licensing and regulation presents an avenue for companies to return to the U.S., providing the economy with much needed jobs and tax revenue. The bill was further strengthened by several bipartisan amendments that provide even greater consumer protections and strong enforcement against unlicensed operators, something that the current law (UIGEA) lacks completely.

“We commend the lawmakers who helped make H.R. 2267 stronger through a variety of consumer protection mandates. In particular, we thank Representatives John Campbell (R-CA), Mary Jo Kilroy (D-OH), and Melissa Bean (D-IL) for their thoughtful additions to the bill and their interest in preserving the rights of adult poker players in their districts,” said John Pappas, PPA executive director.

While the bill has passed out of Committee, there is still much work to be done and areas of policy in this bill that must still be addressed. To be clear, despite the concerns of some of our members, nothing in the Committee-passed legislation precludes lawful Internet poker-only operators whom U.S. players know and trust today from the opportunity to operate under a regulated system. The PPA will work with House and Senate lawmakers to ensure that the final legislation produces the best regulated online gaming environment for the consumer.

“This is a great day not only for poker players, but for proponents of Internet freedom and individual liberty,” said D’Amato. “We thank Chairman Frank for his leadership on this bill, and look forward to working with him to bring this bill through the legislative process.”

Key provisions of the bill include:
  • Thorough vetting of potential licensees and creation of an OFAC-style list of illegal operators;
  • Mandatory implementation of technologies to protect against underage gambling using the commercial and government databases used for online banking to verify age and identity
  • Requirements for operators to set daily, weekly or monthly limits on deposits and losses to monitor and detect individuals with excessive gaming habits;
  • High standards to thwart fraud, abuse and cheating to ensure fair games for customers;
  • Regulation to prevent money laundering; and,
  • Processes to prevent tax avoidance.
About The Poker Players Alliance
The Poker Players Alliance (www.theppa.org) is a nonprofit membership organization comprised of over 1,000,000 online and offline poker players and enthusiasts from around the United States who have joined together to speak with one voice to promote the game and to protect poker players' rights.
Time for another Poker Bomb...Lets do it this year..."ONE TIME"...

Michael of NJ
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Old 07-29-2010, 01:16 AM   #725
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Re: HR 2267 Markup, Wed. 7/28 10:00am

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Originally Posted by Icebeast26 View Post
Just previewed the members of the Committee on Ways & Means for the upcoming bill........

Looks pretty favorable for us w/ 26 Democrats vs 15 Republicans on the committee and also a Democratic Chair. I'm not a Democrat, but it seems that our results are more favorable when they hold the votes.

This makes us 60-40 fav's going to the flop, right?
Excellent observation and EV work...+1...Not that we should rest on our laurels...but I am curious as to if any1 vehemently disputes ur analysis here???Anyone??? It would b a good debate...

Michael of NJ
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