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Old 07-08-2005, 01:12 AM
theredwave theredwave is offline
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Default Re: RESULTS

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Without actually knowing Sam Farha's true intentions, here's my best theory as to why Farha would want Moneymaker to win.

Farha and Moneymaker enter an agreement to split the winnings (trust me, these agreements happen all the time at MTT's) regardless of who wins and who places. So, now both of them are looking at roughly $1.6 million a piece. Yet the winner is looking at a tax liability of roughly 40% of 2.5 million (the winner's purse in 2003), whereas the person who merely places only needs to pay taxes on the second place purse.


[/ QUOTE ]

Wasn't Moneymaker an accountant? I doubt that with such a large sum of money that even a bonehead would not factor taxes into a deal.
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