Archive for April, 2008

April
8th 2008
Taxing Online poker profits

Posted under online casinos & online poker & online poker sites & poker

While on the other hand, many players win far beyond the expectations of even the United States government, which tends to expect a lot, making for another unfair case of taxation, although this time in the favor of the gamer. With the concept of billing the player by their available funds, rather than what they actually win, the United States government is being un-believably harsh, as many players simply do not win on a regular basis, making the level of taxation highly unfair for those types of players.

With this famously draconian policy against online poker rooms and casinos, the United States government leaves little doubt that there is no room for free enterprise and the American way on the Internet. With the extraordinarily concerted effort by the United States government to crack down on the online poker rooms and casinos that are so prevalent on the Internet such as Fulltiltpoker.com, it seems strange to think that only a few years ago online poker rooms and casinos operated with autonomy. Fortunately, there are no end of lawyers and even judges who have come down against the almost brutal ruling by the United States government to tax online poker rooms and online casinos out of existence in America.

With all of these extremely difficult to comprehend rules and aggressive criminalization of online poker sites and casinos, it seems very obvious that the government has little concern for the needs of the player and is only interested in generating revenue for the legislators and lawmakers that all have their hand in the pot. One method of restricting players ability to earn is the 2% tax on the player’s bankroll that has been proposed and looks as if it may pass. While it is already considered to be strange enough that the government has eliminated any possibility of United States citizens from sharing in the profits that these online poker rooms and casinos generate, it would seem that this is not enough and another, additional step is required, forcing players out of the online poker rakeback programs and online casinos altogether. After releasing all manner of different types of legislation that prohibits players from funding their bankrolls through American banking institutions as well as dictating how much and how little internet poker rooms and internet casinos can dole out in the manner of residual income sharing programs, the United States government has continued to look into ways to restrict players abilities to generate income through these types of Internet poker rooms

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