Poker Cats

Wednesday, April 12, 2006

Taxed out cats

Whew. I finally put the lid on my 2005 taxes. It took forever to separate wins and losses for the gazillion poker and casino sites I played at last year, thanks to Scurvy's Guide to the Galaxy.

Btw, you should check out Mark's kitty R2 unit, Poncey. That Poncey is 10 times more charming than that rat on Sound of a Suckout.

I've been troubling over sending the required quarterly payments to The Man but then my mom came up with a good idea -- why don't you have more taxes withheld from your regular job?

Awesome. Will totally do that. Hopefully I'll increase my charitable donations as well.

This Full Tilt tournament Thursday means I'll have very little time to actually go out and play at Seattle cardrooms. Hopefully I'll get to hit a couple. And I guess there will be time afterward as well.

And there's a new Poker (sucky room) Room bonus, 30% to $150. Always good playing there.

Lots to do, so little time!

5 Comments:

  • Dude, that cat is like 1/10th as charming as Sherman the Rat.

    By Blogger ScurvyDog, at 7:24 PM  

  • LOL.

    You know, though, the words "Sherman" and "rat" are synonymous here in Atlanta. LOL.

    By Blogger kurokitty, at 8:13 PM  

  • I don't really understand why you need to increase your withholding or file quarterly. Do your poker winnings really bump your taxes up that much to make it necessary?

    By Blogger Mark, at 6:12 AM  

  • I try to lose continually so I don't have to worry about taxes...

    I've played Muckleshoot once, so you should definitely hit it if at all possible.

    By Blogger cc, at 7:42 AM  

  • The federal income tax is described by the IRS as a "pay as you go" system. Hence, if you accumulate a large amount of tax at the end of the year that you haven't paid out yet, you are subject to paying penalties on the tax. So you'll have to either 1). make quarterly taxes on your payments or 2). increase the amount you have withheld to avoid IRS penalties. Going through the 1040 should make this clear.

    By Blogger kurokitty, at 1:10 PM  

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