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#11
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it may be ordinary income for professionals.
not sure if they can do a John Edwards - incorporate and draw a salary too. |
#12
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Well, I was one of those posters who gave him [censored] for calling his friend after bluffing Lederer...but he did a good job about explaining the situation in that article. Sorry...my bad. Seems like a good guy. Hopefully I'll get to meet him someday.
I also like his motto: Everything else is extra credit. ScottieK |
#13
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What was the major transgression with calling his buddy after he bluffed Lederer? I would too. Not a big deal.
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#14
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Gotta respect a guy who builds a business from scratch and now makes around $280,000 a year. (He stated that he couldn't retire because 1.3 mil is about four years of work for himself.) Poker would be extra credit to me too if I made that kind of scratch.
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#15
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Excellent article. Classy guy, and obviously his attitude is excellent for poker. If everything is extra credit, then bad beats don't seem so bad. Seems to me like he almost thought the title would bring pressure that he didn't want.
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#16
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1.3Million in the bank. That'll get him ~65k/yr in intrest on top of his 280k/yr, that's not a bad setup.
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#17
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[ QUOTE ]
Gotta respect a guy who builds a business from scratch and now makes around $280,000 a year. (He stated that he couldn't retire because 1.3 mil is about four years of work for himself.) Poker would be extra credit to me too if I made that kind of scratch. [/ QUOTE ] He makes 280k per year after taxes (because his 1.3 is also after taxes). |
#18
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$1.3 million divided by 4 is $325,000, not $280,000.
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#19
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[ QUOTE ]
[ QUOTE ] How boutch Hachem? He's an international, no tax for him? [/ QUOTE ] oh, you know Uncle Sam got him a piece of that pie! [/ QUOTE ] a lot has been posted about this: summing up, no, uncle sam doesn't take a part but aparently harrah's took it to give to uncle sam. |
#20
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So whats the point of playing in these tourneys if your ev is cut in half? I mean of course you want to play the Main event, but I think it was fischman that stated in one of those bios that he pays taxes. Can you pay a different amount if you are a professional gambler? Like pay as if you were a business and not a lottery winner?
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