How much money in taxes do you pay for playing online poker?

If you play online poker regularly, and say you’ve earned a hypothetical $5,000 in one year. How much in taxes would you pay? Would there be any exceptions or special circumstances?

3 Responses to “How much money in taxes do you pay for playing online poker?”

  1. Depends on the country.

    Then it depends on your income. (And of course, if you declare it).

    If you make 20K a year, then you’d add the 5K and pay taxes on 25K. If you make 100K a year, then you’d declare 105K and pay taxes. You’d pay a higher rate of taxes if you made 105K..

    It’s income tax, not a gambling tax.

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  2. simply don’t pay it…if the press finds out you pay the tax and a small amount of interest and say ”mr. president, it would be too much of a distraction to your administration and I respectfully decline the cabinet appointment” !!!!!!!!

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  3. depends on the country.

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