The War On Poker continues
Noted Poker Authority Ed Miller notes that the IRS has issued a bulletin stating that effective March 2008, tournament directors are to withhold taxes from tournament winnings. The impacts on poker tournaments (notably satellites) would be substantial. But, then, that is the point. To make it hard to play poker.
September 19th, 2007 at 4:52 am
They dont actually have the power to do that; without the voluntary consent of the tournament director or the casino.
September 19th, 2007 at 10:30 am
Well, not so much hard to play poker, just hard to get money from it.
And they’re not even thinking that far ahead. They just think it’s free money; they don’t realize by tapping it, the pool is going to shrink.