Another Bad Article

[ozvillain]

A losing player by definition, will never be a professional player - as they won't make money from playing the game....basically the good players get screwed, the bad ones won't be eligible.

[luckyshades]

Originally Posted by Starcitybust

Always say no comment. No comment means they have no story to write about except for speculation

I don't really disagree with the overall point you are trying to make, that people who don't have any media experience probably shouldn't comment for the industry as a whole, but the above is simply wrong.

[Strong Play]

Originally Posted by ozvillain

A losing player by definition, will never be a professional player - as they won't make money from playing the game....basically the good players get screwed, the bad ones won't be eligible.

I'd be pretty happy to wager that more than half of australia's professionals would be losing players...

[zipping]

I'd be pretty happy to wager that all federal Labor polies are incompetents, whose only thought in life is "We/I need more taxes to cover the billions I just dropped on that thought bubble"

[Strong Play]

note to self: dont go skydiving with this guy...

[DoctorDangerous]

Originally Posted by Starcitybust

Well it has worked for my company when the media have been trying to find stories on skydiving deaths at my place of business.
However if I am wrong then I am wrong, I'm just giving the thread something I have learned from hands on experience of operating a business that has the unfortunate reality of dealing with constant death and the follow up of constant pestering of media.
Last year my industry had 14 high profile deaths in the space of a few months, thing is the Australian public never heard of it because when it happened, everyone went silent on facebook and stuck to the words no comment when approached and we also had a lock down in a online website forum similar to this, but a section just for members to discuss incidents.
What say may be wrong, but spending my life in such a dangerous sport I believe I know what I am talking about when it comes to how to handle media looking for a story to write.

Perhaps it may be a good idea to heed your own advice?
My best mate who is an editor at AAP (and a poker network reader) has today suggested one of their journos take a look into your story of these skydiving deaths - will be interesting to see if the story has any legs!

[Diplomatic Immunity]

Originally Posted by DoctorDangerous

Perhaps it may be a good idea to heed your own advice?
My best mate who is an editor at AAP (and a poker network reader) has today suggested one of their journos take a look into your story of these skydiving deaths - will be interesting to see if the story has any legs!

HOF story in the wings

[FSL009]

I cant believe with so much information out there that the tax issues are still so badly discussed on any forum.

some quick points to get everyone on the right track:

1. Gambling winnings is not normally taxed in Australia because it is treated as windfall gains unless it is conducted in a way that suggests it is a commercial activity done with a view to profit. There are a number of tests to show when something done by someone ceases to be a hobby and commences being done on a commercial basis with a view to profit. I will not set these out again as they are discussed in detail in other threads.

2. non-commerical loss rules will ensure most people that make losses can only offset them against income of that same business activity and not against other income. This insures that people who are doing 1 and losing can not offset salary and wages or business income from other activites with these losses. deductions for losses to the masses will never happen because it is inequitable. However, for most of society having a professional poker player earn 750k+ and not be taxed is also inequitable.

3. Everyone is different - get your own advice by a competent person who is well versed in these issues.

Sarcasm - brilliant article really set out what the poker industry is like in Aus.... (damn morons) dont they know that 85% of people online have an average balance of $200 invested and play no higher than 20c/50c for like $50at a time and by forcing them into Casino's they would be forcing them into investing more like $500 at a time every time.

silly stuff.

[MrRegan]

Originally Posted by FSL009

I cant believe with so much information out there that the tax issues are still so badly discussed on any forum.

some quick points to get everyone on the right track:

1. Gambling winnings is not normally taxed in Australia because it is treated as windfall gains unless it is conducted in a way that suggests it is a commercial activity done with a view to profit. There are a number of tests to show when something done by someone ceases to be a hobby and commences being done on a commercial basis with a view to profit. I will not set these out again as they are discussed in detail in other threads.

2. non-commerical loss rules will ensure most people that make losses can only offset them against income of that same business activity and not against other income. This insures that people who are doing 1 and losing can not offset salary and wages or business income from other activites with these losses. deductions for losses to the masses will never happen because it is inequitable. However, for most of society having a professional poker player earn 750k+ and not be taxed is also inequitable.

3. Everyone is different - get your own advice by a competent person who is well versed in these issues.

Sarcasm - brilliant article really set out what the poker industry is like in Aus.... (damn morons) dont they know that 85% of people online have an average balance of $200 invested and play no higher than 20c/50c for like $50at a time and by forcing them into Casino's they would be forcing them into investing more like $500 at a time every time.

silly stuff.

I don't see how anyone, individual or government, could consider such a small percentage of total online players deriving a living, large or small, could be considered 'inequitable', it's barely even worth quantifying the numbers are so socially insignificant.

Any discussions on taxation were purely hypothetical because as you pointed out, legislation doesn't currently provide for taxation of gambling winnings. A key factor in this is any windfall from gambling is considered a result of 'luck' rather than 'skill'. They will never classify poker as a game of skill because as per my previous discussions, it would open up all sorts of taxation loop holes.

There is only a few ways this can possibly end now attention has been drawn to it.
1. A blanket enforcement of anti gambling transaction laws on financial providers and good ol steven 'fuckwit' conroy blacklisting Internert gambling sites.
2. blanket taxation of gambling profits as a whole.
3. Legislature providing for incorporating of gambling companies to operate withing australia, knock up the rakes in the process.

Either way, As per usual in this country, the majority as a whole will be punished based on the opinions of a few..

[MrRegan]

Originally Posted by Starcitybust

P.s., my mate who is an editor at the Sydney morning herald, and a poker network reader, has just suggested one of their journos look into the story of these poker players winning so much and not paying taxes. Will be interesting to see how that works out.

lol'd