Awful WSOP news from PokerStars

[davebreal]

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You dont have to pay full taxes on the 10k you silly goose! When you cash out the 10k you gain 10k in income, but when you use it to buy into the WSOP main event, you lose 10k in income, so net income = 0, meaning you dont pay any taxes unless you place in the main event. Before you would have had to pay taxes on placing in the main event too!

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give me the old system, any day.