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#423
07-14-2007, 09:33 PM
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Re: ** WSOP ME, $10,000 NLHE, Day 5, Sat., July 14 **
Dynasty,
"Scotty winning won't have any impact on the popularity of poker." "Here's a critical reason why they won't chop. Harrah's will require that the tournament be played out to the end. Whoever actually wins the tournament and receives the bracelet will also get a W2-G tax form for $8,500,000. That person will be liable for nearly $3,000,000 in taxes to the U.S. federal government." Two pronouncements, the first of which is probably wrong, and the second of which is definitely wrong. 
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#425
07-14-2007, 09:35 PM
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Re: ** WSOP ME, $10,000 NLHE, Day 5, Sat., July 14 **
[ QUOTE ]
...and even if there was, there is no way with ESPN cameras rolling the guy winning would owe 3M in taxes. [/ QUOTE ] Harrahs would actually pay the winner the whole $8,500,000. It would then be up to him to redistribute the money to everyone else. Harrahs doesn't facilitate deals. They will give him a W-2G for the whole amount.
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#427
07-14-2007, 09:38 PM
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Re: ** WSOP ME, $10,000 NLHE, Day 5, Sat., July 14 **
Mikkelsen is running away from the field, the lawrence pot was the second big one in the last 30 minutes, they arnt updating they chip counts but he's probably in the 7M range, id assume
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#428
07-14-2007, 09:38 PM
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Re: ** WSOP ME, $10,000 NLHE, Day 5, Sat., July 14 **
[ QUOTE ]
Two pronouncements, the first of which is probably wrong, and the second of which is definitely wrong. [/ QUOTE ] I have personal experience with Harrahs in this matter. I recently chopped a tournament three-ways. I got $25,000 of the $32,000 first place prize and got a W-2G for $32,000.
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#430
07-14-2007, 09:39 PM
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Re: ** WSOP ME, $10,000 NLHE, Day 5, Sat., July 14 **
[ QUOTE ]
Re : Tobey Maguire I'm pretty sure I've seen him on a nightly talk show before talk about how much he plays poker. [/ QUOTE ] The stuff in this thread about it being bad for his career is downright laughable. Have you ppl never heard "There is no such thing as bad press?" Do you remember Hugh Grant?
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