What Winning $250k at Poker Taught Me About Money

Re:What Winning $250k at Poker Taught Me About Money by RyanRies on Wednesday March 27, 2019 @03:51PM (#19505232)

Dear god... that means that the government will win more from your poker playing than you _ever_ will!

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Re:What Winning $250k at Poker Taught Me About Money by lwhalen on Wednesday March 27, 2019 @11:11PM (#19508860)

"And this is how Republicans are made...." :-D

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Re:What Winning $250k at Poker Taught Me About Money by webninja on Friday March 29, 2019 @09:45AM (#19521604)

I used to believe this sentiment about 8 years ago, but after many republican presidents, our nation is only further in debt. Only Bernie Sanders seems to care about our nation’s increasing debt and he’s a registered independent.

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Re:What Winning $250k at Poker Taught Me About Money by drjesusphd on Wednesday March 27, 2019 @06:47PM (#19506990)

So?

Government policy should incentivize constructive industries.

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Re:What Winning $250k at Poker Taught Me About Money by topmonk on Wednesday March 27, 2019 @08:59PM (#19508049)

This tax rate is for general work when self employed. It's not specific to gambling.

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Re:What Winning $250k at Poker Taught Me About Money by baking on Wednesday March 27, 2019 @11:05PM (#19508829)

Honestly, it is for ordinary wages also. The self-employment tax is basically the same as the employee and employer portions of the FICA taxes. (I think the only difference is that the self-employment tax basis is the before tax income while the wages tax basis is after the employer portion has already been paid.)

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