This is the club I play at in London. I am bad luck - my NY club got raided about 18 months ago and I don't know if it's even still open.
Derek Kelly of Gutshot Club Found Guilty
U.S. tax law has recognized poker as a game of skill since William E. Baxter Jr. vs. the United States. Baxter fought to prevent his winnings from being classified as "unearned income" and taxes at 70%. Incidentally, Baxter may be the best lowball player in history.
The famous story is that the judge offered the prosecutor the change to play Baxter heads-up, the prosecutor declined, and he lost the case. As the article above recounts, that story arose from the judge's ruling which included "I find the government's argument to be ludicrous. I just wish you had some money and could sit down with Mr. Baxter and play some poker."
Tuesday, January 16, 2007
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