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Title: Tax On Poker....Can Players pay this and beat the Game ? Post by: FUN4FRASER on November 30, 2015, 10:44:32 PM I was Pretty Surprised how bad this is
Results of WSOP 2015 main event and the tax stopped mainly by the American Government Winner Before-Tax Prize After-Tax Prize 1. Joe McKeehen $7,683,346 $4,297,394 USA 2. Joshua Beckley $4,470,896 $2,389,177 USA 3. Neil Blumenfield $3,398,298 $1,805,764 USA 4. Max Steinberg $2,615,361 $1,543,306 USA 7. Pierre Neuville $1,203,293 $1,203,293 Belgium 5. Ofer Zvi Stern $1,911,423 $1,011,317 Israel 6. Thomas Cannuli $1,426,283 $785,996 USA 8. Federico Butteroni$1,097,056 $571,566 Italy 9. Patrick Chan $1,001,020 $545,614 USA Totals $24,806,976 $14,153,427 Only the Belgium guy kept all his winnings whereas everybody else lost 45% or more to tax Scary figures ,unless you're a tax exempt country it must be borderline impossible to win ? Possible this will eventually happen in The UK ? Title: Re: Tax On Poker....Can Players pay this and beat the Game ? Post by: The Camel on November 30, 2015, 10:52:27 PM Americans can claim back tax for loses on the fiscal year I believe.
So McKeehan should be freerolling holidays all over the planet for the next 12 months knowing the trips are tax deductable. The countries where poker is absolutely unbeatable are the ones who just tax each win, like Greece, Spain, Holland, Norway and Sweden. Title: Re: Tax On Poker....Can Players pay this and beat the Game ? Post by: lucky_scrote on November 30, 2015, 10:58:37 PM Yeah I believe some countries tax each win or tax by the month. As an mtt player that would make it downright impossible to win.
As poker is becoming more recognisable as a skill game by the courts it will also be considered a way of living and become taxable. It really is a matter of time before this happens and it will make live poker become ever so more appealing since hotels and flights will become deductible and for another obvious reason. Title: Re: Tax On Poker....Can Players pay this and beat the Game ? Post by: lucky_scrote on November 30, 2015, 11:39:33 PM Wow this just in: http://www.pokernews.com/news/2015/11/court-rules-poker-the-netherlands-malta-23511.htm
Pretty stoked obviously since I partially live here and might end up living here permanently one day. Title: Re: Tax On Poker....Can Players pay this and beat the Game ? Post by: FUN4FRASER on November 30, 2015, 11:52:28 PM Wow this just in: http://www.pokernews.com/news/2015/11/court-rules-poker-the-netherlands-malta-23511.htm Pretty stoked obviously since I partially live here and might end up living here permanently one day. Good News , wonder if there was a Belgium influence , both countries speak Flemish I recall ? Title: Re: Tax On Poker....Can Players pay this and beat the Game ? Post by: lucky_scrote on December 01, 2015, 12:02:12 AM Wow this just in: http://www.pokernews.com/news/2015/11/court-rules-poker-the-netherlands-malta-23511.htm Pretty stoked obviously since I partially live here and might end up living here permanently one day. Good News , wonder if there was a Belgium influence , both countries speak Flemish I recall ? I'm afraid not. Flemish isn't a language :P Title: Re: Tax On Poker....Can Players pay this and beat the Game ? Post by: doubleup on December 01, 2015, 09:53:22 AM As poker is becoming more recognisable as a skill game by the courts it will also be considered a way of living and become taxable. no it won't. Title: Re: Tax On Poker....Can Players pay this and beat the Game ? Post by: RED-DOG on December 01, 2015, 10:37:06 AM As poker is becoming more recognisable as a skill game by the courts it will also be considered a way of living and become taxable. no it won't. It's always panto season for Dave. ;) |