I assume with this uncle sam's radar talk, you don't pay your taxes huh?Originally Posted by bobbywaves
Not for wire, 10k min & 50k max. Most avoid as it puts us on uncle sammy's radar.
With that 30k betdsi account you showed, and all the money you claim you are up, not sure that's too smart.
If you pay tax on your gambling winnings, you are a loser (technically not too smart.) There are many hoops to avoid paying taxes on sports betting winnings....only the smart know how to avoid it.
If it's just a side job where you have another job as your main source of income, then sure. BUT for professionals who use gambling as their main source of income, I don't think so.If you pay tax on your gambling winnings, you are a loser. There are many hoops to avoid paying taxes on sports betting winnings.
Again, for the guy who has a regular 9-5, pays his yearly taxes from this job, and makes money gambling on the side, I would agree. No reason to pay.If you pay tax on your gambling winnings, you are a loser (technically not too smart.) There are many hoops to avoid paying taxes on sports betting winnings....only the smart know how to avoid it.
BUT
For the poker player/sports betting professional type who pays no taxes outside of gambling, explain these "hoops." You wanna justify to uncle sam how you just bought a $50,000 car with no taxable income?
Umv been paid by bovada within 3 days every time. With that western thing.....
