blonde poker forum

Having come into the game recently (and havin a lot of fun and food!!) I felt I had to get my view across about a subject that seems to be in most conversations................."when are the sponsors gonna stick some prize money into the event!!!???"

My own view is:
If you are receiving winnings tax free then your own money should go into the event.
If a sponsor puts money in then that amount shoud be taxable. I dont know of any other sporting event in the world where the prize money is subject to tax.
Cake and eat it?? Ahhhh back to my favourite subject FFFOOOOODDDD!!!!!

Lemon sole with duck egg pancakes mmmmmmmmmmmmmmmmmmmm!!

Spelling mistake "isnt subject to tax"
Had my hands full with a bacon and seaweed sarnie!!

What are you talking about?
I report all my net winnings and pay tax on them. Doesn't everyone?

LOL

OMG why on earth are you suggesting the tax man gets anything? :suitableannoyedemoticon:

until they bring out a law which tells me i have to declare my winnings then - NO

and even then I'd wait for them to get in touch.

hmmm, not too sure about that - unless someone out there has the number of ken dodd's lawyer......

I am not sure about prize money put up for a competition but I do know that casinos in this country do pay gaming taxes on the house winnings.  So in theory any extra prize money put into a comp has already been taxed.

The revenue generated from card rooms comes from registration fees and the extra prize money usualy far out weighs the amount taken.  Legaly only 10% of the stake.

Thats fine, but its a bit of a cheek to the ask for a hotpot......................... sorry a sponsor to put money in when we make no real contrbution on the winnings

i guess i should have realised the response when i see some players bemoaning the fact that they have only won 60k when they could have picked up 120k but only laid out a couple of k

its the fillet v chataeu briaund

So I am I right in thinking you never play games either on the net or in the card rooms which have been subsadised by the sponser?

wouldn't do you any good, he's dead

Ken Dodd or his lawyer?

the late George Carman QC

too busy eating!!!
I guess what im saying is that if poker is your day job then you should be subject to the same sort of stoppages that everyone else has.
Or have i got this all wrong.................................like when i added soy sauce to my truffel en croute..........yuk!!!

in that case i plead insanity...... (is that not what Ken Dodd did?)

no, lack of dishonest intent I seem to recall

i'd struggle to be dishonest considering there is a website that lists all my online tournament winnings.

I'll just have to keep my fingers crossed that winnings remain tax free!! ;pokergods;

I'd pay tax happily if the government would give the same % back to me when I lose.

?!?!?!?!?!?!?!?!

by the time you take out your expenses for entering the comp,  fuel, entry money ect plus all the time you do not hit the money.  The tax man could end up owing you money.  Well he could if he played like me lol

Right enough, perhaps less begrudgingly should have been used instead of happily.
I can't spell that though.

well thankfully we dont have to - and long may it last :)