raymer on fox

[wufwugy]

http://www.examiner.com/x-1607-Bosto...s-online-poker

digg this shit

http://digg.com/other_sports/Greg_Ra..._online_poker#

also ive never watched fox business network before, is it par for the course for them to speak of somebody like barney frank positively, or is this a recent development?

[a500lbgorilla]

all they care about is their precious money!

[Jack Sawyer]

people are romanticizing online poker beyond what it is. Online poker alone will not "jumpstart", "revive", THE economy as a whole. Its a niche product.
I certainly do not like the idea of the extra rake if you want it regulated and taxed though.
"Oh you should pay taxes!" Not on gambling, GFY. You do pay indirect taxes as you apport to the economy anyway, like when buying things and shit.


legalize it but not tax the individual..

[wufwugy]

yes, the economic point is embellished, but it is still a good point

no, rake will not increase due to regulation. rake is a product of business, not of regulation; if vegas casinos get in on it and up the rake for whatever non-reason they would have other than taking home more money then we would all still play on stars and ftp where rake would be the same

[Jack Sawyer]

dude, its a saying.
if taxed, you can and should consider tax as additional rake, since it will cut in your winrate and is unavoidable (just much, much, much more dramatically).

[wufwugy]

what additional tax will reach the consumer?

the 'taxation' part of regulation is in having US companies and taxing them while having regulation in place that provokes US consumers to pay the taxes they already owe as well as increasing US consumer activity in the first place. the only way we will see ourselves paying more in taxes is if the IRS adds clauses to increase tax on online poker winnings

[drmcboy]

we pay taxes already.

and the 1000 sites that will spring up will hopefully lead to lower rake.

[always2away]

Be careful what you wish for...

For a while now (since the advent of UIGEA) I have been questioning the real motives behind the "ban". My contention has been that the USG hates competition for your hard earned money and that the notion that they are trying to protect us from ourselves is a little naive.

Lo and behold, the only solution that is getting any play in congress is a bill designed to introduce REGULATION and TAXATION to this PRIVATE BUSINESS being conducted between you and a poker room.

And for you critics who claim the interference will only take place against the poker room. Do you really believe that the taxes will not reach into your pocket eventually (perhaps as increased rake or a separate "hidden" tax-rake or even a direct tax) or that the regulations cannot include the why, when, where, what, and how YOU can play?

[bode]

Be careful what you wish for...

For a while now (since the advent of UIGEA) I have been questioning the real motives behind the "ban". My contention has been that the USG hates competition for your hard earned money and that the notion that they are trying to protect us from ourselves is a little naive.

Lo and behold, the only solution that is getting any play in congress is a bill designed to introduce REGULATION and TAXATION to this PRIVATE BUSINESS being conducted between you and a poker room.

And for you critics who claim the interference will only take place against the poker room. Do you really believe that the taxes will not reach into your pocket eventually (perhaps as increased rake or a separate "hidden" tax-rake or even a direct tax) or that the regulations cannot include the why, when, where, what, and how YOU can play?

wat? if rake increases, move sites. like drmc said, more sites will lead to lower rake, not higher. pretty sure if there is a "hidden" tax rake, some 2p2 railbird will sniff it out within hours of its start, so not real worried about that. and note to US players (and most other countries), YOU SHOULD BE PAYING TAXES ALREADY!!

[Jack Sawyer]

and note to US players (and most other countries), YOU SHOULD BE PAYING TAXES ALREADY!!

DIAGF

in my country we do not pay taxes on any gambling activities, and its fine like that.

[Parasurama]

and note to US players (and most other countries), YOU SHOULD BE PAYING TAXES ALREADY!!

DIAGF

in my country we do not pay taxes on any gambling activities, and its fine like that.

Yeah, they're not saying that it shouldn't be like that. But in the US we already pay taxes on online poker winnings so it becoming legalized and regulated in the US would not generate an additional tax/cost on US players UNLESS the US govt taxed poker sites who responded by increasing rake OR the tax on online gambling winnings was increased.

[Jack Sawyer]

UNLESS the US govt taxed poker sites who responded by increasing rake OR the tax on online gambling winnings was increased.

Sensible question(s): can a government tax a foreign company at whim? It would equate to a government (say, the French Government) taxing a foreign company (say, a Vanuatu bank), because some of its customers belong to said governments country?
Where is the line drawn? Can an international court with no conflicts of interest deem that a country can do just this?

For instance, say I order clothing from eastbay.com. Can my government decide that eastbay should be taxed HERE (too) because it does business with me? Is that not grounds for all sorts of international GFY?

If it does indeed go thorugh, what will happen once the precedent is set and every other country involved decides to tax the hell out of the poker sites?

[Parasurama]

Good questions, I really have no knowledge of trade law but I think it's probably legitimate that a country allowing a foreign business to conduct operations within its borders can tax that business at least to the extent domestic businesses are taxed.

Obviously the lack of concrete goods/services being moved across a concrete border would present a problem for taxation efforts.

[triumphant cracker]

and note to US players (and most other countries), YOU SHOULD BE PAYING TAXES ALREADY!!

why the fuck should we paying taxes on it?...dont we fuckin pay enough on everyfuckinthingelse?

[bode]

god damn, do you guys think im PRO taxes or something? Its something we are, by law, required to pay taxes on. I'm sure there are plenty of poker players that aren't paying taxes, but for me personally it is +EV to do so.

[boost]

raymer did a good job imo.

[will641]

too much side jib jab about taxes in the thread. i agree, raymer dun good.

[Purple_Pwner]

Never really been a fan of greg but ty for posting.. found it quite interesting.. We all pay enough damn taxes already though. If you're in a tax free country, I hate you!

[givememyleg]

I need a driver for my phillips snn6500 wireless netcard
or smc2632 wireless net card
I can`t make them run on linpus linux lite

please help

regards
Diamydayjesia

[kingnat]

It tilts me that the commentators primarily use the word "gambling"... and Raymer primarily uses "poker"... and there is not recognition of the disconnect...