Re: ESPN and taxes
Ok, continuing the thread:
So, when a stock car racer wins a big race, he's not only paid for the amount of people present in the stands, but also receives a large payment paid indirectly (through advertisements) by the thousands (millions?) of TV viewers. Miller Lite is catching tons of customers (many young, too) with their advertising on the WSOP. ESPN is making a killing off those ads, because, all it has to pay for is the cameras and editing. Does Binion's profit off the TV coverage? Who does ESPN have to pay to make all the money it's surely making?
In short, Helmuth pays $10,000 to enter a crapshoot to win 49% (or whatever it may be) of a fair portion of the prizepool. Though ESPN, Miller Lite, Cialis, etc. make a FAT profit out of his whining, he doesn't see any of it unless he places? This just seems wrong to me.... my proposal: ESPN & affiliates pay the taxes on all the prizes.
I'm sure some of this is wrong/misguided. I know nothing of big money tourneys , the media, or taxes. Comments are more than welcome.
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