Well that was fun and short lived (being up for the month). I just got bloodbathed in a short session and ended it because I don't believe in trying to get even or playing long sessions when the shit is hitting the fan.
I am now up $34.10 for the month. Holla.
We're like them little bitches on the chess board.
Moderator: LPF Police Department
by AlexMR » Sat Apr 07, 2007 1:23 am
Lately I find myself losing most of the times and have to play a lot to comeback. I have played 10,05 hands in april and I am running at -1.8ptbb/100. Everyday I have started in the hole and work my way up to break even slightly winning, at least with bonuses.
[17:16] alitomr: http://micropenis.ws/forum/viewtopic.php?t=723
[17:19] mekosking: wow
[17:19] mekosking: i give that poof a week tops
[17:19] mekosking: before he snuffs it
[17:19] mekosking: I THINK THAT MAY BE NV
[17:20] mekosking: IN DISGUISE
[17:20] alitomr: LOLZ
[17:19] mekosking: wow
[17:19] mekosking: i give that poof a week tops
[17:19] mekosking: before he snuffs it
[17:19] mekosking: I THINK THAT MAY BE NV
[17:20] mekosking: IN DISGUISE
[17:20] alitomr: LOLZ
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AlexMR - Posts: 3851
- Joined: Fri Apr 29, 2005 11:27 am
by Xaston » Tue Apr 10, 2007 9:43 pm
Well since Ed ruined the surprise I can't make up a lie or anything.
Anyway, yea, I talked to an accountant and she said there were 3 main options for me.
Option #1
File as a poker hobbyist.
Result:
Federal 7,496.00
State 2,075.00
TOTALS 9,571.00
Option #1
File as a business.
Result:
Federal 10,805.00
State 1,267.00
TOTALS 12,072.00
Option #3
File as a business with a SEP (Self Employment Pension of up to 20%)
Result:
Federal 9,415.00
State 907.00
SEP Funding 8,151.00
TOTALS 18,473.00
Gross. Anyway after thinking it over a fair bit, and talking to one of the most wise and knowledgable people I know, I decided on option 3.
It feels a little silly to me to be shipping off $8,151.00 for basically the entire vaguely forseeable future, but as much as I don't want to admit it I probably will get old, so I guess I oughta start saving now.
In other news I feel like I'm playing quite well, but just not catching the breaks. I am also putting in an uncharacteristic number of hands which is good, now I just need to add the element of running average or slightly above average, and I can make back that $18,000 in no time.
It's about time to turn into a workhorse I think.
Anyway, yea, I talked to an accountant and she said there were 3 main options for me.
Option #1
File as a poker hobbyist.
Result:
Federal 7,496.00
State 2,075.00
TOTALS 9,571.00
Option #1
File as a business.
Result:
Federal 10,805.00
State 1,267.00
TOTALS 12,072.00
Option #3
File as a business with a SEP (Self Employment Pension of up to 20%)
Result:
Federal 9,415.00
State 907.00
SEP Funding 8,151.00
TOTALS 18,473.00
Gross. Anyway after thinking it over a fair bit, and talking to one of the most wise and knowledgable people I know, I decided on option 3.
It feels a little silly to me to be shipping off $8,151.00 for basically the entire vaguely forseeable future, but as much as I don't want to admit it I probably will get old, so I guess I oughta start saving now.
In other news I feel like I'm playing quite well, but just not catching the breaks. I am also putting in an uncharacteristic number of hands which is good, now I just need to add the element of running average or slightly above average, and I can make back that $18,000 in no time.
It's about time to turn into a workhorse I think.
Boy, you got me confused with a man who repeats himself.
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Xaston - Posts: 8833
- Joined: Mon Nov 15, 2004 1:45 pm
- Location: Dartmouth, MA
by black_knight6 » Tue Apr 10, 2007 9:53 pm
I'm still kinda surprised you went the way you did...what are the benefits? Do you get tax sheltering on your investments to the SEP?
If not, seems like you're wasting that $$ to me, IMO.
If not, seems like you're wasting that $$ to me, IMO.
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black_knight6 - Semi Pro (Online)
- Posts: 10012
- Joined: Thu Jul 21, 2005 11:51 am
- Location: Victoria BC
by black_knight6 » Tue Apr 10, 2007 10:15 pm
-
black_knight6 - Semi Pro (Online)
- Posts: 10012
- Joined: Thu Jul 21, 2005 11:51 am
- Location: Victoria BC
by black_knight6 » Tue Apr 10, 2007 11:31 pm
-
black_knight6 - Semi Pro (Online)
- Posts: 10012
- Joined: Thu Jul 21, 2005 11:51 am
- Location: Victoria BC
by Danhdan » Wed Apr 11, 2007 12:15 am
"Million dollar play, ten cent finish."
"My mind is a raging torrent, flooded with rivulets of thought cascading into a waterfall of creative alternatives."
"Laugh and the world stares at you; cry, and the world stares at you."
"My mind is a raging torrent, flooded with rivulets of thought cascading into a waterfall of creative alternatives."
"Laugh and the world stares at you; cry, and the world stares at you."
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Danhdan - Posts: 3364
- Joined: Mon Nov 08, 2004 7:04 am
- Location: California
by NorthView » Wed Apr 11, 2007 4:12 am
Mon May 12, 2008 1:46 am
When I play a patient and relaxed game I win - that simple.
Mon May 12, 2008 10:55 pm
Seriously, fuck poker.
==================================================================
[21:03] NorthViewBTP: mac is a fellow mexican
[21:03] Mekosking: yup
[21:03] NorthViewBTP: you should support your bro
[21:03] Mekosking: therefore hes a fat worthless tsr obv
When I play a patient and relaxed game I win - that simple.
Mon May 12, 2008 10:55 pm
Seriously, fuck poker.
==================================================================
[21:03] NorthViewBTP: mac is a fellow mexican
[21:03] Mekosking: yup
[21:03] NorthViewBTP: you should support your bro
[21:03] Mekosking: therefore hes a fat worthless tsr obv
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NorthView - Posts: 5998
- Joined: Sun Apr 03, 2005 8:02 am
- Location: Not another flush card
by Zmej » Wed Apr 11, 2007 5:32 am
"#3 pencils and quadrille pads."
- Seymoure Cray (1925-1996) when asked what CAD tools he used to design the Cray I supercomputer; he also recommended using the back side of the pages so that the grid lines were not so dominant.
"Interesting - I use a Mac to help me design the next Cray."
- Seymoure Cray (1925-1996) when he was told that Apple Inc. had recently bought a Cray supercomputer to help them design the next Mac.
- Seymoure Cray (1925-1996) when asked what CAD tools he used to design the Cray I supercomputer; he also recommended using the back side of the pages so that the grid lines were not so dominant.
"Interesting - I use a Mac to help me design the next Cray."
- Seymoure Cray (1925-1996) when he was told that Apple Inc. had recently bought a Cray supercomputer to help them design the next Mac.
-
Zmej - Posts: 2307
- Joined: Wed Mar 29, 2006 5:44 am
- Location: France. (Russian origin.)
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