Quote:
Originally Posted by chenyan
lolz.. This is so wrong it isn't funny. Only those being taxed on their winnings would be eligible for the deduction on losses - and how many will continue playing professionally with consecutive losing years?
You should pay tax on your personal income. The people playing poker for their sole source of income should clearly be playing tax; it's just a matter of enforcement and recognition which is the real problem. Identifying recreational versus business play is such a grey area for the majority that they're doing pros a favour by letting it go.
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What about the idea that poker is already taxed? As a % of the rake in all pots is awarded to the government.