Originally Posted by
redietz
Originally Posted by
MaxPen
I have to nominate this thread for dumbest of the month.
If someone did something like that I would question that. I don't know any pro gamblers that pay taxes on all their income. Why would they? Especially a card counter that doesn't even receive w2-g's.
How about the flip side?
Another basic, fundamental problem with this is that somebody looking to pose as a professional blackjack player who has some foresight, would simply claim winnings that didn't happen. Why not? Trade off paying income taxes that don't need to be paid for a professional reputation. Now if this seems silly and irrational, ask yourself. If MDawg had some foresight, would he have done it and then afterwards made his splash on various forums?
I don't get W2Gs, either. I could do it for sports or blackjack or poker, for that matter.
I guess they could but I don't know anyone that voluntarily would pay more under any circumstances.
Personally I pay all required taxes.
But when in doubt I always rule in my favor as to whether or not those questionable dollars in the gray area may be relevant or not. Just like everyone else.
If a blackjack player has 50k a year in verifiable expenses (money that flows thru checking account to pay bills) then it would be advisable to claim that income. But if he has a 100k income who's going to know if it never hits an auditable account? How many people in that situation are going to pay taxes to some corrupt government on that excess 50k, just so it can be redistributed to some transgender freak to pay their rent? I literally know no one that would. But I know a bunch that claim they do...lol
This is why governments want to get rid of cash and go to a Blockchain system that they oversee.