POLITICAL ACTION CALL: Time For Players/Fans To Help..

[DogsUp]

Originally Posted by ALostTexan

Basically it is how it works with your paycheck, except that it is ultimately your option on how much of your paycheck goes to taxation. You can always claim a larger number of dependents, allowing the government to take very little, manage your own money throughout the year (i.e. savings account, where YOU get the interest instead of the government), and then pay the taxes at the end of the year.

Why should everyone suffer because of a law intended to protect stupid people that can't manage their money? All horseplayers hurt with a law such as this because it hurts the churn by taking money out of the pools...

I agree that taxing the pool is dumb. But it is taxed for now and I just think it should be taken upfront. Just a preference is all.

In my own life, I claim 99 and pay my taxes at the end of the year. And like you said, I reap the interest throughout the year and yet, I have to pay tax on the interest--it sucks to be honest. But not everyone is responsible enough to pay their taxes on winnings.