Wednesday, March 24, 2010

Should there be an online poker income tax?

Almost every source of income of every individual faces the word TAX. According to Merriam-Webster Online Dictionary, tax is a charge usually of money imposed by authority on persons or property for public purposes.

The popularity of online poker has undeniably risen from where it took off. More people playing, betting, and winning. Some play poker for fun, while others treat poker as an alternative source of income aside from their usual 9-5 job.

Since people are earning from online poker, is it just right to impose tax on it too?

Other countries, like Canada, have imposed taxes on online poker. Maybe because they could see that it brings in more income to people, meaning for revenue or money for public use - and it's a good thing if it really would go for public use.

Other countries who ban online poker, or that it hasn't been legalized yet may not have seen this little advantage of the game. It could help one way or another. But that's speaking about the advantages of placing income on online poker on the side of the authorities or government.

The big question would be: would the people playing online poker like the thought of it? Maybe yes, if they do think about the welfare of most people and if they do think that it could help the community, state, or country in a way. But others may not like it. It's their alternative way of living, they earn extra money in playing the game to somehow help them earn extra money to get pass the day. With crisis looming over the corner, people would want to earn extra and earn big.

Would the people go for it? Would the people like the thought of it? Would the people love the effects of it? The things is... it's money matters, and it's complicated.

Wednesday, March 17, 2010

Iowa’s Online Poker situation a sudden turn

Long before, when legislators were eyeing to legalize online poker in United States, Iowa had the closest and most possible chance of having online poker not only legalized but also expanded in their state, they could have been the first state to have that “precious” legalization.

But what seemed to be a sure shot suddenly turned a little twist in the story. After two weeks of deliberation, the dreamy legalization of online poker in the state was erased and totally out of the picture. Iowan legislators cannot decide on what to do and how to do it. Plans on legalizing and expanding online poker in the state have been abandoned. This decision has been the result of long debates and arguments thrown by both sides of the case. Clearly, the opposition won.

While other states still have a pending case to solve regarding legalization of online poker as well, this case would most likely happen. The longer the debates, the more time would the opposition have to persuade the ones who agree to go to their side. The end part would be, if indeed they would be persuaded or if they’re will is strong enough to really pursue the legalization of online poker.

Monday, March 15, 2010

Online poker rooms’ St. Patrick’s Day Special

You don’t need four-leaf clovers, leprechauns, and golden nuggets to get lucky because online poker rooms themselves have brought in some luck for their loyal online poker players.

Different freebies and discounts are given by online poker rooms so that their players would enjoy their share of luck on their St. Patrick’s Day specials. Some poker rooms offer a 50% reload bonus so that players could continue with their play - that’s double the gameplay and fun! Others offer bonuses on St. Patrick’s Day upon making a deposit and players would also receive additional funds once they unlocked a certain score or level. While some poker rooms, amazingly, places a huge amount up for grabs – a whopping $50,000.

With big bonuses and a big cash prize at stake on different online poker rooms, players would surely want to play in different poker rooms to take advantage of the poker game that they used to play. And this only happens on St. Patrick’s Day!