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The taxman

    • KobeLG
      Joined: 20.10.2009 Posts: 17
      I just read this in an article somwhere

      "Despite losing out to Cada, Moon still left Las Vegas with $5.1 million in prize money, although he revealed that the taxman had taken a hefty chunk of his winnings because he is not a professional gamer."

      so my question is...

      how do u become a professional gamer? after all if I win big i don't want the taxman to take a hefty chunk, I much rather give him a chunk of change :f_biggrin:
  • 2 replies
    • tcs35
      Joined: 31.01.2009 Posts: 3,583
      the taxman will take your money regardless of whether you are a prof gambler unless you live in the UK like me and some other palces
    • EagleStar88
      Joined: 06.10.2008 Posts: 7,359
      Hi KobeLG,

      This will very much depend on each different nation and their tax laws to be honest.

      I'm no expert, but I believe in the U.K. poker winnings are tax-free unless you are a professional or relying solely on poker to earn money. In this case they might well consider your 'earnings' for income tax and/or other stuff.

      Someone out there in the community will know I'm sure. Which country are you most concerned about? Romania?

      Best regards,