Hey TPE’ers,

So I have an idea. Please understand this idea is:

A) Purely hypothetical at this stage. I have studied the legality, it seems to be good, although technically it may be a loophole.

B) Possibly something everybody already knows about and already does, in which case disregard.

C) Possibly something nobody will be interested in, although you can’t argue with the maths.

D) Possibly redundant from the get-go because you all have other methods of reducing your tax bills.

Understanding the above, I gather US players have to pay 25 or 30% taxes on their yearly profits. (Some places say 25 others 30).

In the UK we pay 0% on gambling winnings, unless we derive the majority of our income from gambling, ie we are professional gamblers.

I understand if US players are staked the responsibility of tax payment defers to the staker.

Hypothetically, I would act as your staker; the arrangement would consist of my processing your gross winnings through our tax free system for a processing fee of way less than 30%. I’m thinking along the lines of between 5 and 10% TBD.

It’s just an idea, maybe as I said you all have much better arrangements and this is of less than zero interest (in which case sorry for wasting your time).

There may also be a huge legal flaw which I am unaware of.

But just maybe, it could be a winner! As they say…you’ve got to be in it to win it!