Our new WSOP Main Event Champ

[Kurn]

You're right, of course, and I'm not arguing with you.

I just think we're not paying enough attention to the short-term impact the tax code will have on the game.

The reality is this:

If the unnamed player above made his money at a B&M and just put the net on his return and payed his taxes, the IRS would say thank you and move on. Why? No paper trail. And you know, there'd be nothing ethically wrong with reporting the net, despite the rules.

Once the specter of cyber-reporting is introduced, the natural mechanism for correcting the injustice goes away.

I'm harping on this because people will get screwed.

Not to get all G. Gordon Liddy on you, but this is an obvious example of malum prohibitum vs. malum in se

Its all academic anyway, as the Frank bill will not pass.