Details for WSOP Circuit Event August 29, 2007 thru September 13, 2007

[tippy]

[ QUOTE ]
No, The interpretation by MGM is that winnings are not taxed unless the player wins $5,000 over the initial buy-in. At that point, the 3% MS tax comes into effect. the 300-1 rule applies as well...

[/ QUOTE ]


Actually the 3% applies across the board to everything. I hit a $50,000 bad beat jackpot and got hit with the 3%. Not sure the 3% is dependant in any way to the size of a tourney buyin. You win money, you get taxed. My win was at the Grand