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  #1  
Old 11-30-2005, 03:05 PM
roundest roundest is offline
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Default Dannenmann interview on espn.com

linky
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  #2  
Old 11-30-2005, 03:31 PM
Hauser_III Hauser_III is offline
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Default Re: Dannenmann interview on espn.com

That's a great explanation of the Lederer phone call hand. Context is everything.
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  #3  
Old 11-30-2005, 03:46 PM
Temp Hutter Temp Hutter is offline
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Default Re: Dannenmann interview on espn.com

I got a chance to chat with Steve at Foxwoods. He struck me as a very decent, modest guy. He seems to be well grounded. I am happy for his new found fortune. I enjoyed talking with him and I wish him well.
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  #4  
Old 11-30-2005, 03:47 PM
henrikrh henrikrh is offline
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Default Re: Dannenmann interview on espn.com

How much is the government taking in tax??!!? 4.5 million, half, so 2.25 million gets taxed down to 1.3 million?!?!!?!? Is that legal?
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  #5  
Old 11-30-2005, 03:53 PM
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Default Re: Dannenmann interview on espn.com

That's pretty standard for gambling winnings in the US. It's a "luxury tax" at a very high rate.
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  #6  
Old 11-30-2005, 03:57 PM
ianlippert ianlippert is offline
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Default Re: Dannenmann interview on espn.com

He had to give half to his backer. So they went home with 2.6 Mil. I think 50% tax is the norm on winnings.

What I wanna know is how you can be a pro tourney player when half of your winnings are given to the government? Its like a 50% rake!!!
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  #7  
Old 11-30-2005, 03:58 PM
ianlippert ianlippert is offline
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Default Re: Dannenmann interview on espn.com

oh i miss read your post, nm
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  #8  
Old 11-30-2005, 04:17 PM
henrikrh henrikrh is offline
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Default Re: Dannenmann interview on espn.com

How boutch Hachem? He's an international, no tax for him?
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  #9  
Old 11-30-2005, 04:30 PM
CrazyN8 CrazyN8 is offline
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Default Re: Dannenmann interview on espn.com

[ 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!
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  #10  
Old 11-30-2005, 04:48 PM
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Default Re: Dannenmann interview on espn.com

great article
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