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Old 07-08-2005, 12:44 AM
michiganlaw michiganlaw is offline
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Join Date: Jun 2005
Posts: 44
Default Re: RESULTS



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Tax purposes?

Perhaps he was yanking your chain a little bit.

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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.

So, I can only come up with tax purposes? I think any effect of having Moneymaker winning on the fishies entering high stakes ring games would be marginal at the very best!

Just my opinion though...didn't want to seem like a stalker and ask him to clarify after already asking for his autograph.
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