How much money in taxes do you pay for playing online poker?
Question by Matthew G: How much money in taxes do you pay for playing online poker?
If you play online poker regularly, and say you’ve earned a hypothetical ,000 in one year. How much in taxes would you pay? Would there be any exceptions or special circumstances?
Best answer:
Answer by LegFuJohnson
Depends on the country.
Then it depends on your income. (And of course, if you declare it).
If you make 20K a year, then you’d add the 5K and pay taxes on 25K. If you make 100K a year, then you’d declare 105K and pay taxes. You’d pay a higher rate of taxes if you made 105K..
It’s income tax, not a gambling tax.
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2 Responses to “How much money in taxes do you pay for playing online poker?”
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simply don’t pay it…if the press finds out you pay the tax and a small amount of interest and say ”mr. president, it would be too much of a distraction to your administration and I respectfully decline the cabinet appointment” !!!!!!!!
depends on the country.
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