Awful WSOP news from PokerStars

[davebreal]

[ QUOTE ]
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!

[/ QUOTE ]

give me the old system, any day.

[LearnedfromTV]

Two or three posts here reference a Stars Vegas suite. Why do people think they will have one? In my mind this was less likely than finding a workaround for the main event entries.

[MicroBob]

The more I think about it the more I'm not bothered by this.

Somebody gets the $10k deposited into their account for the entry.
They might even have intentions of spending the whole thing on their main-event entry but decide to play around with it on the tables while they've got it.
Some of the donkament-types winning their $10k seat could end up making some of the cash-games better.

[1p0kerboy]

[ QUOTE ]
The more I think about it the more I'm not bothered by this.

Somebody gets the $10k deposited into their account for the entry.
They might even have intentions of spending the whole thing on their main-event entry but decide to play around with it on the tables while they've got it.
Some of the donkament-types winning their $10k seat could end up making some of the cash-games better.

[/ QUOTE ]

Now that I think about it, this works out for me as well. I hope many of these players put the $ on the Stars cash games tables instead of buying into the WSOP.