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  #11  
Old 11-30-2005, 04:48 PM
Beavis68 Beavis68 is offline
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Default Re: Dannenmann interview on espn.com

it may be ordinary income for professionals.

not sure if they can do a John Edwards - incorporate and draw a salary too.
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  #12  
Old 11-30-2005, 04:52 PM
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Default Everything else is extra credit

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
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  #13  
Old 11-30-2005, 05:07 PM
Farfenugen Farfenugen is offline
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Default Re: Dannenmann interview on espn.com

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  
Old 11-30-2005, 05:21 PM
sciencebeagle sciencebeagle is offline
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Default Re: Dannenmann interview on espn.com

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  
Old 11-30-2005, 05:58 PM
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Default Re: Dannenmann interview on espn.com

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  
Old 11-30-2005, 06:02 PM
ddss6_99 ddss6_99 is offline
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Default Re: Dannenmann interview on espn.com

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  
Old 11-30-2005, 06:04 PM
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Default Re: Dannenmann interview on espn.com

[ 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).
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  #18  
Old 11-30-2005, 07:14 PM
Quake1028 Quake1028 is offline
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Default Re: Dannenmann interview on espn.com

$1.3 million divided by 4 is $325,000, not $280,000.
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  #19  
Old 11-30-2005, 07:31 PM
Fallen Hero Fallen Hero is offline
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Default Re: Dannenmann interview on espn.com

[ 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.
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  #20  
Old 11-30-2005, 07:54 PM
ianlippert ianlippert is offline
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Default Re: Dannenmann interview on espn.com

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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