BRossignol

I agree wholeheartedly. I was only saying that would be the only way that a true *equitable* tax could be implemented.Like I said: I like it just the way it is.

Actually it isn't an issue of needing money to take advantage of tax laws. I showed my younger brother (who makes < $30K per year) how to zero his taxes each year and get 100% refund. He works a regular salaried job. He opened up a *company* that sells items on eBay. Now he deducts many household expenses as business expenses. He has had a loss each year in his business overall. Owed taxes = 0 when filing, 100% of what he paid in already is refunded. In fact, at one point, before he was married, he was able to collect the earned income credit as well. And, for the flat tax, it sucks

Ya, I am with you 100% on that. I had a real strong read on UTG and if it was just him, I would feel better about calling, though it is likely a race. It was UTG+1 that really made me think.My gut instinct was that UTG+1 did not have a big pocket pair. The hands I was most worried about were AT/KQ or any combination... 3 over cards all possibly live. Worse would be AKs/QJs where I would be 31%.If UTG+1 did, indeed, have a big pocket pair, then I would be willing to take my lumps and not kick myself for a bad read. In fact, I would have chips left and a slightly better read on her and I a

Caribbean... I know, strange name, isn't it? Could at least be 'St. Nevis'.Nope. There are several couriers who operate private flights. You can get $100K transported for as little as $2500. They are quite discrete.As for the winnings, that is true for tourney winnings. However, have your corporation file for an ITIN and then the casino doesn't hold back any percentage and the corporation is responsible for the taxes that would be owed to its own government. IOW.... ZERO$. The corp kicks you a check for your 10% and you are liable for the taxes on that only.Seriously, look it up.

Nope, nope and nope. The first problem is that forming a corporation for the sole purpose of gambling would be highly questionable at best and a BIG red flag more than likely.Second, you can only deduct one half of travel costs for business, not 100%.Your better bet would be to form an offshore corporation on the island of Nevis and have them set up a bank account for the corporation as well. Then pay that corporation half of all of your initial winnings for providing their services of teaching you to play poker, etc.You will have the other half, but then you set up a domestic corporation,

I have been lurking around for a couple of weeks after deciding to check out FCP only recently and have found that there are quite a few users here whose opinions I believe that I can respect. And I really think there is a lot that I can learn here.That being said, please forgive any missteps I might make in my first post. OK, this hand has been eating away at me since last weekend.I am playing in a small local tournament, NL HE, $100 buy-in, just over 60 players entered, payout is only top 3.Blinds had been raised to 200-400 only about 10 minutes prior and we have 20 minutes until the nex