WSOP: Bubbling better than a weak cash?

[henrikrh]

If you bust out as the last person before hte money Harrah's buys you into next year's event for free ($0 profit, break-even expected value) If you cash just barely in the money you get 12.5k. I recently found out that gambling earnings in the US are taxed almost %40, therefore 12.5k is becomes less than break even.

If you have an extreme short-stack near the bubble and you can either check/fold and someone will likely bust before your big blind, or go all in and have a chance ot double and a chance to get a free entry next year. Could it be more +ev to go all in than to wait for the money?