Awful WSOP news from PokerStars

[adanthar]

[ QUOTE ]
If you win 100000 and pay the entry fee of 10000 out of your pocket, you have a net win of 90000 for that tournament.

If you win 100000 and win your seat with a 215 entry fee satellite tournament, then your net win is 99785.

So in the second case you pay taxes on the 99785 instead of 90000, but you are not out the 10000 (which you probably had to pay taxes on as well).

[/ QUOTE ]

it doesn't work like that

you pay $215, win seat ----> win $10,000
you pay $10,000, win 100K ----> win $90,000

you don't magically win more $ for tax purposes by winning a smaller sat