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Reload this Page Paying Taxes on your Online Winnings
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Old 02-01-06, 01:47 PM
PShabi PShabi is offline
MC Adam Yauch
  

Join Date: Oct 2004
Posts: 6,947
PShabi has between 2500 and 2999 Rep PointsPShabi has between 2500 and 2999 Rep PointsPShabi has between 2500 and 2999 Rep PointsPShabi has between 2500 and 2999 Rep PointsPShabi has between 2500 and 2999 Rep PointsPShabi has between 2500 and 2999 Rep PointsPShabi has between 2500 and 2999 Rep PointsPShabi has between 2500 and 2999 Rep PointsPShabi has between 2500 and 2999 Rep PointsPShabi has between 2500 and 2999 Rep PointsPShabi has between 2500 and 2999 Rep Points
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Not true.

There is no "threshold" for winning. If you gain $5 playing poker, you are expected to report and be taxed.

But then again, I guess this is true if you're mowing your neighbor's grass for $10 a pop. No one would ever report this, but they should by law.
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