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spoonitnow
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11-17-2008, 01:01 AM
Post subject: And you think your taxes are bad
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#1 (permalink)
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Straight Flush
Join Date: Sep 2005
Location: IRC Chat Room
Posts: 5,406
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Quote:
By far, the person losing the most through taxes is the winner of the main event, Peter Eastgate. Denmark puts a severe tax burden on those who win big at casinos. For casino wins, Danes owe their government 45 percent on the first 4 million Danish Kroners won and that figure jumps to around 75 percent on anything above that. A $1 is worth about 5.8 Kroners, meaning Eastgate's $9.1 million first-place prize falls easily into the higher rate.
Assuming Eastgate is subject to Danish taxation laws, he is looking at a tax bill of around $6.6 million. But Eastgate recently moved to London and because of that, may not owe a penny. The UK doesn't tax poker winnings. But because Eastgate just made the move to London, Denmark's tax agency, called SKAT, will claim that he moved to avoid the incredibly high tax rate. Fox predicts that somewhere down the line, unless Eastgate simply ups and pays Denmark, both parties will wind up facing an arbitrator in a tax hearing to figure out how much the 22-year-old Dane owes.
If Denmark winds up with Eastgate’s tax dollars, Eastgate will get to keep only $2,491,871 of the $9.1 million paid to first.
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http://www.cardplayer.com/poker-news...nal-table-pool
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Quote:
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Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.
Rule # 1: don't ask questions
Rule # 2: don't ask questions
I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
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ProZachNation
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Full House
Join Date: Aug 2005
Location: Over there!
Posts: 801
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If I were him I would buy a small island/army and dare Denmark to try to collect. And still have like 7million left over for hookers and coke.
And now it makes sense why he did not look so pumped when he won.
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Quote:
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Originally Posted by mrhappy333
I didn't think its Bold to bang some chick with my bro. but i guess so... thats +EV in my book.
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Jack Sawyer
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4-of-a-Kind
Join Date: Jan 2007
Location: Old School
Posts: 2,535
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he had to move to london in july, just after making the final table
if he did move in july, he probably can argue to pay up taxes to denmark only on the amount 9th place was guaranteed, which he essentially won by reaching the FT
but i hate law so i dont know what im talking about
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My dream... is to fly... over the rainbow... so high...
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VHS is like a book and a book is like a stack of kindles.
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Hey, I'm in a movie!
http://youtu.be/lGdnIrRKDTI
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Jack Sawyer
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11-17-2008, 01:23 AM
Post subject: Re: And you think your taxes are bad
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#4 (permalink)
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4-of-a-Kind
Join Date: Jan 2007
Location: Old School
Posts: 2,535
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Quote:
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Denmark's tax agency, called SKAT
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LOL fitting
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My dream... is to fly... over the rainbow... so high...
Quote:
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VHS is like a book and a book is like a stack of kindles.
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Hey, I'm in a movie!
http://youtu.be/lGdnIrRKDTI
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bigred
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PROFESSIONAL TROLL
Join Date: Sep 2004
Location: Nest of Douchebags
Posts: 2,184
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Basically he needs to decide whether he wants to go home again and if it's worth 7 mill.
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LOL OPERATIONS
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Jack Sawyer
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4-of-a-Kind
Join Date: Jan 2007
Location: Old School
Posts: 2,535
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i don't think other countries offer asylum for tax potential evaders
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My dream... is to fly... over the rainbow... so high...
Quote:
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VHS is like a book and a book is like a stack of kindles.
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Hey, I'm in a movie!
http://youtu.be/lGdnIrRKDTI
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ProZachNation
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Full House
Join Date: Aug 2005
Location: Over there!
Posts: 801
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Jack your sig takes up like half my screen.... ever think about going horizontal with some of it to make it smaller?
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Quote:
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Originally Posted by mrhappy333
I didn't think its Bold to bang some chick with my bro. but i guess so... thats +EV in my book.
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Jack Sawyer
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4-of-a-Kind
Join Date: Jan 2007
Location: Old School
Posts: 2,535
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sure, one sec, let me finish reinstalling photoshop first
*edit: there
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My dream... is to fly... over the rainbow... so high...
Quote:
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VHS is like a book and a book is like a stack of kindles.
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Hey, I'm in a movie!
http://youtu.be/lGdnIrRKDTI
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BankItDrew
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4-of-a-Kind
Join Date: Oct 2005
Location: Losing Prop Bets
Posts: 2,789
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Quote:
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Originally Posted by ProZachNation
Jack your sig takes up like half my screen.... ever think about going horizontal with some of it to make it smaller?
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i do not have this problem
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Girlfriend: Why are the werewolves more important than living life?!
Girlfriend: Are you on the forums doing the werewolves again?
Girlfriend: Soo... you forgot to run that errand, but you had time to werewolf? Wtf?
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ProZachNation
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Full House
Join Date: Aug 2005
Location: Over there!
Posts: 801
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thanks Jack looks a lot better, at 1280x1024 it was pretty big
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Quote:
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Originally Posted by mrhappy333
I didn't think its Bold to bang some chick with my bro. but i guess so... thats +EV in my book.
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spoonitnow
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Straight Flush
Join Date: Sep 2005
Location: IRC Chat Room
Posts: 5,406
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Quote:
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Originally Posted by bigred
Basically he needs to decide whether he wants to go home again and if it's worth 7 mill.
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I'd be like ship it $7 million holla.
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Quote:
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Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.
Rule # 1: don't ask questions
Rule # 2: don't ask questions
I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
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Chelle
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Two Pair
Join Date: Nov 2008
Location: in the kitchen
Posts: 40
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I think my first reaction to this when you told me was along the lines of, " What the fuck, are you serious?"
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Quote:
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Originally Posted by bigspenda73
I'm scared of IRC, everytime I go in there Chelle tells me she's going to fuck my dad in the ass.
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Da GOAT
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Straight Flush
Join Date: Feb 2006
Location: Dublin
Posts: 4,308
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reminds me of homer and the trillion dollar bill
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Jman: every time the action is to you, it's an opportunity for you to make the perfect play.
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