OK, how about this, you play high stakes PLO8, say $1000/$2000 and we are going by the $5999 figure us horse players go by. You raise pre-flop with one caller, you guys raise and re-raise and finally build a $14,000 pot, you split it and drag a pot worth $7,000 which you have to pay taxes on.
You wouldn't have any real losses to show, but be obligated to pay the tax on the pot you "won".
Now I admit I am reaching here, but it could happen.
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If aces didn't get cracked they would be writing books about me!
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