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| View Poll Results: Online Taxes | |||
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23 | 67.65% |
| Only when I cashout more than 100 |
  
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0 | 0% |
| Only when I cashout more than 500 |
  
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0 | 0% |
| Only when I cashout more than 1000 |
  
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0 | 0% |
| Only when I cashout between 1000 and 5000 |
  
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1 | 2.94% |
| Only when I cashout more than 5000 |
  
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1 | 2.94% |
| I report every cent I cashout from online sites. |
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9 | 26.47% |
| Voters: 34. You may not vote on this poll | |||
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#1
01-12-2004, 02:57 AM
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I just won a LARGE sum in the UB Million
Just wanted to let you all know--I took 3rd.
[img]/images/graemlins/grin.gif[/img] [img]/images/graemlins/grin.gif[/img] [img]/images/graemlins/grin.gif[/img] [img]/images/graemlins/grin.gif[/img] [img]/images/graemlins/grin.gif[/img] 
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#3
01-12-2004, 03:18 AM
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Re: I just won a LARGE sum in the UB Million
$157K. Just trying to figure out how to gracefully get the most into my account and spendable.
Should be interesting, but it's a problem I don't mind having. Just call me Gypster. Going to sleep. Got in by 4 hour satellite at 10:30 this AM, had a 90 minute break, then played 8+ hour main event. Guess I'll say it was worth it. DT P.S. Couldn't have done it without all of the great advice from these forums. Cheers! [img]/images/graemlins/laugh.gif[/img]
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#5
01-12-2004, 05:08 AM
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Re: I just won a LARGE sum in the UB Million
way to go! I've always wondered about how to deal with the taxes in this situation. Do you have a plan? I'd be very interested to know what your accountant says. Nice score.
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#6
01-12-2004, 09:54 AM
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Re: I just won a LARGE sum in the UB Million
Good job. With a win this big, I wouldn't take my chances with the IRS. I'd put $30K in a 12 or 15 month CD, $30K in an index fund and reserve those to pay the taxes. The rest would pay all my debts with quite a bit left over for my bankroll.
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#8
01-12-2004, 10:17 AM
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Re: I just won a LARGE sum in the UB Million
That is absolutely outstanding!! I am turning green with envy right now [img]/images/graemlins/smile.gif[/img]
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#9
01-12-2004, 10:29 AM
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Re: I just won a LARGE sum in the UB Million
Congratulations. Now don't you go blowing all that money on some fancy record player.
Rick Diesel
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#10
01-12-2004, 11:07 AM
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Taxes?
I know this is probably not the forum to discuss this, but I've been wondering this for a long time. If I was to win this much on line, couldn't I just cash out something like 3000 or 4000 a week and avoid taxes all together?
Maybe someone with some knowledge of this can give me a clue. Thanks. Peace Goodie
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