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submitted 2 years, 4 months ago by [deleted] to /r/poker (330.7k)
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[–]MonthLower1606-2 points2 years, 4 months ago

lol poker vloggers like rampage and mariano aren’t a huge concern. they will be fine, no incentive for the government to go after them when there’s much higher visibility shit to deal with (NFTs, online casinos, etc.). the government only goes after stuff that will give them some publicity and points for the public/congress/president. congress and the president are going after political corruption rn.

permalinkhide replies (2)author-focusas-ofpreserve
[–][deleted]0 points2 years, 4 months ago

How can you say no incentive when money is the incentive?

permalinkparentcontexthide replies (1)as-of
[–]MonthLower16061 point2 years, 4 months ago

Because there has to be political incentive too. It's kind of hard to explain, but i'll explain it in a way without legal speech (im a tax lawyer by trade). Most lawyers and accountants for the DOJ and IRS pursue things for political and monetary goals. you're right money is an incentive, but you have to imagine how backlogged the government is. I interned with the SEC (a whole other government agency but still got a good idea of government work when it comes to financial crimes/fraud) and there was a 800 page excel sheet of people/orgs they have to go after. The IRS has yet to go after most PPP Loan Scams from years ago. The government has to pursue much higher level objectives (for examples, misappropriating government money and tracking the derivative market) because those costs the government so much more money. Also with derivative markets being so closely alligned with how rich people make/made money and where campaign finances came from (i.e. FTX and SBF), you have to realize poker vloggers are peanuts. Yes they will go after it so the government can get their peanuts/stop unregulated gambling where no fed government/state agency gets a kickback, but it will take a longggggg time.

permalinkparentcontexthide replies (1)author-focusas-ofpreserve
[–][deleted]0 points2 years, 4 months ago

There does not need to be a political incentive for the irs to go after taxpayers. Wrong again

permalinkparentcontexthide replies (1)as-of
[–]MonthLower16061 point2 years, 4 months ago

well sorry to tell you, they are a government agency who gets pressure from other branches. have a great day. i also gave you a million other reasons (backlog, what rich people want, etc.). pretty naive of you to think the government is that insulated and perfect. "wrong again" lol

permalinkparentcontextauthor-focusas-ofpreserve
[–]sheetrocker880 points2 years, 4 months ago

You obviously have never dealt with the IRS

permalinkparentcontexthide replies (1)author-focusas-ofpreserve
[–]MonthLower16063 points2 years, 4 months ago

I work in accounting, you would be surprised how much creators can get away with. look up eric tway trykarat interviews. there are ways they can gain the system, but it does involve a lot of guessing on the creators' part.

permalinkparentcontexthide replies (1)author-focusas-ofpreserve
[–]ProfessionalOrder2032 points2 years, 3 months ago

@erictway here cofounder of @trykarat! And yea- a lot of creators miss out on writeoffs that they miss out on

permalinkparentcontexthide replies (1)author-focusas-ofpreserve
[–]MonthLower16061 point2 years, 3 months ago

big fan Eric, i study Tax Law at William & Mary Law School. Hope I can be apart of the team one day!

permalinkparentcontexthide replies (1)author-focusas-ofpreserve
[–]ProfessionalOrder2031 point2 years, 3 months ago

Love it and thank you! 🔥

permalinkparentcontextauthor-focusas-ofpreserve
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