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Author Topic: How much did the November 9 really get  (Read 3451 times)
77dave
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« on: November 11, 2011, 04:00:37 PM »

The following payouts are roughly what players will be taking home after taxes. Their WSOP cash is in brackets:


1. Pius Heinz - $8,715,638 ($8,715,638)
2. Martin Staszko - $5,433,086 ($5,433,086)
3. Ben Lamb - $2,258,055 ($4,021,038)
4. Matt Giannetti - $1,964,700 ($3,012,700)
5. Phil Collins - $1,417,109 ($2,269,599)
6. Eoghan O’Dea - $1,074,901 ($1,720,831)
7. Bob Bounahra – $980,085 ($1,314,097)
8. Anton Makiievskyi – $838,359 ($1,010,015)
9. Sam Holden - $782,115 ($782,115)

http://www.bluffeurope.com/poker-news/en/How-much-did-the-November-Nine-really-win-_11311.aspx

Ben Lamb 43% ouch, plus all his other wsop winnings.
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Mantis - I would like to thank 77dave for his more realistic take on things.
mulhuzz
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« Reply #1 on: November 11, 2011, 04:13:15 PM »

The following payouts are roughly what players will be taking home after taxes. Their WSOP cash is in brackets:


1. Pius Heinz - $8,715,638 ($8,715,638)
2. Martin Staszko - $5,433,086 ($5,433,086)
3. Ben Lamb - $2,258,055 ($4,021,038)
4. Matt Giannetti - $1,964,700 ($3,012,700)
5. Phil Collins - $1,417,109 ($2,269,599)
6. Eoghan O’Dea - $1,074,901 ($1,720,831)
7. Bob Bounahra – $980,085 ($1,314,097)
8. Anton Makiievskyi – $838,359 ($1,010,015)
9. Sam Holden - $782,115 ($782,115)

http://www.bluffeurope.com/poker-news/en/How-much-did-the-November-Nine-really-win-_11311.aspx

Ben Lamb 43% ouch, plus all his other wsop winnings.

lamb might lose even more if the tax man see the sick rubs that the rio cage gave him..

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SirPerceval
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« Reply #2 on: November 11, 2011, 04:35:12 PM »

Did they do a deal 3 handed?

I'm sure Ben Lamb will gain from that deal if it happened, both from the fact he was 3rd and that he will pay less tax.
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Longy
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« Reply #3 on: November 11, 2011, 04:39:34 PM »

If you are from a country that taxes winnings, why would you not try and negotiate a deal?

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SuuPRlim
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« Reply #4 on: November 11, 2011, 06:13:47 PM »

i have it on pretty good authority that no 3handed deal was done.

I also know benba had around 85% of himself, and hienz had 45%.
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SirPerceval
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« Reply #5 on: November 11, 2011, 06:21:15 PM »

If you are from a country that taxes winnings, why would you not try and negotiate a deal?



Always a consideration when playing in Vegas v Americans
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gatso
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« Reply #6 on: November 11, 2011, 09:35:11 PM »

If you are from a country that taxes winnings, why would you not try and negotiate a deal?

presumably you have to pay tax on your official payout as deals are not sanctioned and the us taxman isn't going to believe you. if they'd chopped 3 handed for 5.5m ish each and lamb had gone on to win the tournament he'd have taken home 5.5 minus about 3.6 in tax so would get less than if he didn't deal and finished 3rd
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pokerfan
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« Reply #7 on: November 11, 2011, 10:07:33 PM »

Thought Lamb was resident in Vegas ? (Panorama towers)
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bhoywonder
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« Reply #8 on: November 12, 2011, 12:00:14 AM »

If you are from a country that taxes winnings, why would you not try and negotiate a deal?

presumably you have to pay tax on your official payout as deals are not sanctioned and the us taxman isn't going to believe you. if they'd chopped 3 handed for 5.5m ish each and lamb had gone on to win the tournament he'd have taken home 5.5 minus about 3.6 in tax so would get less than if he didn't deal and finished 3rd

That's some crazy shit there....really?
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gatso
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« Reply #9 on: November 12, 2011, 12:22:19 AM »

If you are from a country that taxes winnings, why would you not try and negotiate a deal?

presumably you have to pay tax on your official payout as deals are not sanctioned and the us taxman isn't going to believe you. if they'd chopped 3 handed for 5.5m ish each and lamb had gone on to win the tournament he'd have taken home 5.5 minus about 3.6 in tax so would get less than if he didn't deal and finished 3rd

That's some crazy shit there....really?

dunno. I'm guessing but it looks right to me
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LeKnave
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« Reply #10 on: November 12, 2011, 12:24:05 AM »

If you are from a country that taxes winnings, why would you not try and negotiate a deal?

presumably you have to pay tax on your official payout as deals are not sanctioned and the us taxman isn't going to believe you. if they'd chopped 3 handed for 5.5m ish each and lamb had gone on to win the tournament he'd have taken home 5.5 minus about 3.6 in tax so would get less than if he didn't deal and finished 3rd

That's some crazy shit there....really?

dunno. I'm guessing but it looks right to me

pretty certain thats not the case
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Royal Flush
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« Reply #11 on: November 12, 2011, 02:19:20 AM »

If you are from a country that taxes winnings, why would you not try and negotiate a deal?

presumably you have to pay tax on your official payout as deals are not sanctioned and the us taxman isn't going to believe you. if they'd chopped 3 handed for 5.5m ish each and lamb had gone on to win the tournament he'd have taken home 5.5 minus about 3.6 in tax so would get less than if he didn't deal and finished 3rd

That's some crazy shit there....really?

dunno. I'm guessing but it looks right to me

pretty certain thats not the case

This
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gatso
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« Reply #12 on: November 12, 2011, 07:26:33 AM »

Which part is wrong though? Common sense tells me that what I've written can't be right but I can't see where the mistake is
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Ant040689
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« Reply #13 on: November 12, 2011, 08:02:50 AM »

Why is eoghan o dea getting taxed for his winnings? Didn't think Irish players got taxed on gambling winnings?
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pokerfan
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« Reply #14 on: November 12, 2011, 10:02:06 AM »

Why is eoghan o dea getting taxed for his winnings? Didn't think Irish players got taxed on gambling winnings?

Full breakdown here, http://www.taxabletalk.com/2011/11/09/the-real-winners-of-the-2011-world-series-of-poker/ 

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