Call me dumb but I dont understand this thread at all- why do you pay tax on poker winnings(unless of course you live in the states)- or is this a tax bill outwith poker???
One thing I've often wondered- what do the Americans who take down the big scores(sunday million etc) do with regard to their winnings?? They need to put all earnings to the taxman(IRS) yet its illegal to play online poker- the guy last week that won the MIllion or warmup was from Baltimore(which to my knowledge is illegal to gamble in)
I think the thread is saying this:
1. Me and Mrs earnt shed load of £'s. TRUE
2. We are s/e so can pay tax twice a year not every week or month like the rest of us mere mortals. Not our fault
3. Even tho' we earnt shed loads we didnt bother putting aside money for my tax bills in January/July. Just Me
4. Had to raid poker "bankroll" to pay July bill. Unlike you mere mortals we have to pay tax in advance
5. err...thats it
+ we do have to get NI every month £11 ffs
Plus Class IV NICs on your self assessment bill I hope
(Otherwise thats bloody low NI on what you are earning!).
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