Warning- grades included
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<font color="blue"> Well, if you're going to compare a multi-employee business with a self-employed entity, I don't see what your point is. </font>
Even a self-proprietorship has many of the issues I mentioned. Also, there is a self-employment tax that OP does not mention, which is significant.
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And I never said it wouldn't be- I believe it's in the 15-30% range?
<font color="red">-1 </font>
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<font color="blue"> And any $30 "pro" who can't handle health insurance and other living expenses at $1250-1500 a week should realign their expenditures with their income.
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Ah, now we get to the heart of the matter. You're assuming everyone cheats on their return! Or are you really naive enough to think most 15-30 pros net $1500 a week after taxes?
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<font color="red">-10 </font> for reading anywhere in my reply where I refer to net after taxes
<font color="red">-30 </font> for making the bizarre assumption that I assumed anything on cheating on taxes.
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<font color="blue"> And any $30 "pro" </font>
And it's " "$15 pro" please. OP makes no mention of $30-$60. You fail...
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I didn't realize that pros labeled themselves by the lower number. I failed on that one.. but not as badly as you did overall.
Just so you don't miss the point again- anyone bringing in $63-75,000 ($25-30 an hour, 50 hours a week, 50 weeks at $15/30) from poker who can't budget around that income is either an idiot, playing at the wrong level for his/her expenses, or is wrong about what they're grossing from the tables.
When someone uses the "1bb/hour" rule, I always assume that the number is gross profit from the table, with rake and tipping and immediate game-related expenses already removed. If that assumption is incorrect, you may enlighten me with more accurate figures.
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