Paying Taxes on your Online Winnings

[GeoffM]

Yes, if you like paying taxes on everything, I suppose this statement is correct.

[PShabi]

Or being really pasty white, cold, drunk..............

[Robbie Robb]

I'm not that pasty...

[GeoffM]

Actually, we have had probably about the warmest winter in years. We are seeing daytime highs of 4-8 celsius (not sure what that means in Farenheit). It hasn't snowed in 3 weeks.

[jaeh00d]

well i think ive worn a sweater/jacket maybe 5-6 times this winter

[PShabi]

Yes, it's been cold. We'll survive!

[melioris]

Whatever Canadians. You could have been someone but then you threw it all away. You had potential, but now you won't get out of our shadow until global warming causing a northern shift in the location of fertile farmland. But that is hundreds of years away. In the meantime, enjoy your new Bush-lite leader.

So, as a thought exercise, lets say you are a small time online poker player, mostly as a hobby. You cashed out around $3000 of profit last year. If you declare this on your Federal forms, what do you do for the state? I appreciate that each state is different, but because it is internet profit, do you have to pay any state taxes on it?

[jaeh00d]

[quote=melioris]Whatever Canadians. You could have been someone but then you threw it all away. You had potential, but now you won't get out of our shadow until global warming causing a northern shift in the location of fertile farmland. But that is hundreds of years away. In the meantime, enjoy your new Bush-lite leader.

LMAO.. fuck those canadians...

[PShabi]

I believe it's only taxed at the Federal level. There is no state income tax in Florida, for anyone.