|
glenner
Guest
|
 |
« on: November 17, 2005, 12:27:53 PM » |
|
Having come into the game recently (and havin a lot of fun and food!!) I felt I had to get my view across about a subject that seems to be in most conversations................."when are the sponsors gonna stick some prize money into the event!!!???"
My own view is:
If you are receiving winnings tax free then your own money should go into the event.
If a sponsor puts money in then that amount shoud be taxable. I dont know of any other sporting event in the world where the prize money is subject to tax.
Cake and eat it?? Ahhhh back to my favourite subject FFFOOOOODDDD!!!!!
Lemon sole with duck egg pancakes mmmmmmmmmmmmmmmmmmmm!!
|
|
|
|
|
Logged
|
|
|
|
|
glenner
Guest
|
|
« Reply #1 on: November 17, 2005, 12:32:12 PM » |
|
Spelling mistake "isnt subject to tax"
Had my hands full with a bacon and seaweed sarnie!!
|
|
|
|
|
Logged
|
|
|
|
|
thetank
|
|
« Reply #2 on: November 17, 2005, 12:35:59 PM » |
|
If you are receiving winnings tax free then your own money should go into the event.
What are you talking about? I report all my net winnings and pay tax on them. Doesn't everyone? |
|
|
|
|
Logged
|
For super fun to exist, well defined parameters must exist for the super fun to exist within.
|
|
|
|
Nem
|
|
« Reply #3 on: November 17, 2005, 12:38:03 PM » |
|
I report all my net winnings and pay tax on them. Doesn't everyone?
LOL |
|
|
|
|
Logged
|
|
|
|
|
Graham C
|
|
« Reply #4 on: November 17, 2005, 12:38:29 PM » |
|
OMG why on earth are you suggesting the tax man gets anything? :suitableannoyedemoticon:
|
|
|
|
|
Logged
|
|
|
|
|
matt674
|
|
« Reply #5 on: November 17, 2005, 12:39:06 PM » |
|
until they bring out a law which tells me i have to declare my winnings then - NO
|
|
|
|
|
Logged
|
sponsored by Fyffes
|
|
|
|
Graham C
|
|
« Reply #6 on: November 17, 2005, 12:45:10 PM » |
|
until they bring out a law which tells me i have to declare my winnings then - NO
and even then I'd wait for them to get in touch. |
|
|
|
|
Logged
|
|
|
|
|
matt674
|
|
« Reply #7 on: November 17, 2005, 12:46:36 PM » |
|
hmmm, not too sure about that - unless someone out there has the number of ken dodd's lawyer......
|
|
|
|
|
Logged
|
sponsored by Fyffes
|
|
|
|
crddolly
|
|
« Reply #8 on: November 17, 2005, 12:50:15 PM » |
|
I am not sure about prize money put up for a competition but I do know that casinos in this country do pay gaming taxes on the house winnings. So in theory any extra prize money put into a comp has already been taxed.
The revenue generated from card rooms comes from registration fees and the extra prize money usualy far out weighs the amount taken. Legaly only 10% of the stake.
|
|
|
|
|
Logged
|
If you see some one with out a Smile give them yours
|
|
|
|
glenner
Guest
|
|
« Reply #9 on: November 17, 2005, 12:52:56 PM » |
|
Thats fine, but its a bit of a cheek to the ask for a hotpot......................... sorry a sponsor to put money in when we make no real contrbution on the winnings
|
|
|
|
|
Logged
|
|
|
|
|
glenner
Guest
|
|
« Reply #10 on: November 17, 2005, 12:56:34 PM » |
|
i guess i should have realised the response when i see some players bemoaning the fact that they have only won 60k when they could have picked up 120k but only laid out a couple of k
its the fillet v chataeu briaund
|
|
|
|
|
Logged
|
|
|
|
|
crddolly
|
|
« Reply #11 on: November 17, 2005, 01:00:48 PM » |
|
Thats fine, but its a bit of a cheek to the ask for a hotpot......................... sorry a sponsor to put money in when we make no real contrbution on the winnings
So I am I right in thinking you never play games either on the net or in the card rooms which have been subsadised by the sponser? |
|
|
|
|
Logged
|
If you see some one with out a Smile give them yours
|
|
|
|
Robert HM
|
|
« Reply #12 on: November 17, 2005, 01:02:17 PM » |
|
hmmm, not too sure about that - unless someone out there has the number of ken dodd's lawyer......
wouldn't do you any good, he's dead |
|
|
|
|
Logged
|
|
|
|
|
thetank
|
|
« Reply #13 on: November 17, 2005, 01:06:15 PM » |
|
Ken Dodd or his lawyer?
|
|
|
|
|
Logged
|
For super fun to exist, well defined parameters must exist for the super fun to exist within.
|
|
|
|
Robert HM
|
|
« Reply #14 on: November 17, 2005, 01:07:11 PM » |
|
the late George Carman QC
|
|
|
|
|
Logged
|
|
|
|
|
Author