Re: WSOP & the IRS.
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From cardplayer.com:
"All of the money finishers will head over to the payout table located near the cashier. There they will meet Dixie Callasen, who has been paying out players throughout the entire World Series of Poker. At Dixie's table, they will have to show a proper photo ID and fill out some forms before they receive a receipt in the amount of their winnings, minus taxes . They then take that receipt to the cashier to receive their money."
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Hmmm. I'm far from an expert, but that just doesn't sound right. I can see that being true for foriegn players, but not for US players. I would expect US players to collect the full amount and pay their own taxes. If filing as a pro gambler, they would be able to deduct expenses and pay less tax than whatever the WSOP is calculating without knowing their expenses. I guess it would depened on whether or not winnings are classified as income, or something similar to the lottery.
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