*****Vinyl's GonnaCrushDAmicros 6max thread******

  • Thread starter Thread starter vinylspiros
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That is pretty fd up vin, what about the T$. Obv it aint cash so they wouldn't tax that right, knowing about the taxes I would have left that unreged tourny as T$ and then work on grinding out a 99$ profit each day and that would be the end of my day lol.
 
Horrible. Also illogical about the taxing the entire amount if you cross 100$, it should be tax anything over 100$ (so "only" the difference).
 
what happens if you transfer it out of your account before end of day? are you taxed on transfers to your account? whats their basis for thinking thats ok?
 
duggs said:
what happens if you transfer it out of your account before end of day? are you taxed on transfers to your account? whats their basis for thinking thats ok?
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^^^
Since i rarely cash out, i wouldnt know . but that's one hell of a Question..😕
 
Actually for cash it doesn't seem so bad unless you are at NL100, then it becomes horrible.

Tournaments are obviously unprofitable.
 
LD1977 said:
Actually for cash it doesn't seem so bad unless you are at NL100, then it becomes horrible.

Tournaments are obviously unprofitable.
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Exactly. If your not making more than 100$ a day, it aint no biggie. So for a micro grinder like myself ,it never was an issue untill the tourney BINK when i realised i have a secret partner.(the govrnmnt,lol)
 
seems terrible for cash, you can't win more than 10bi at 10nl or 4bi at 25nl, you can be break even over 2 days and end up down a bi every time it happens.

I thought taxes were optional in general in Greece?
 
duggs said:
seems terrible for cash, you can't win more than 10bi at 10nl or 4bi at 25nl, you can be break even over 2 days and end up down a bi every time it happens.

I thought taxes were optional in general in Greece?
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Like i said man, been playing on stars for a lot of years with no problems whatsoever.

This all started on november 22.(2 months ago)



Imagine winning the sunday million for 200K and giving up 30K. 😡
 
duggs said:
seems terrible for cash, you can't win more than 10bi at 10nl or 4bi at 25nl, you can be break even over 2 days and end up down a bi every time it happens.

I thought taxes were optional in general in Greece?
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You have to set winning stop/loss limits and follow them like a madman. Never go over 99$ a day. If you go to 101, lose 2 bucks and switch it off. Ha!
 
Erm, no, you just stop playing when you come close to the 100$ profit for the day (session is a 24 hour period). If you accidentally go over that sucks but long term this is a minimal hit to the win rate.

Edit: Presumably it should be possible to ask for tax refund at the end of year?
 
LD1977 said:
Erm, no, you just stop playing when you come close to the 100$ profit for the day (session is a 24 hour period). If you accidentally go over that sucks but long term this is a minimal hit to the win rate.
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Im not whining about it under no circumstances. Im very well aware of what the new situation is here. Im just explaining it to you guys since you wanted to know.

Could be worse i guess. If you compare paying taxes on profits to not being able to play at all (see USA etc), i guess a few taxes never hurt anybody.
 
duggs said:
you only get taxed on anything after the first hundy
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So ,like if you win 101$ net won for the 24hour period ,they only tax the 1$? and not the 101$ ?
 
"After deducting the €100 allowance" is used in every example, it prevents you having an incentive to lose on purpose, its a marginal tax rate so, 0% of 0-100. 15% on 100-500 and 20% on more than this. so for a 1000 profit score you pay 400*.15 and 500*.20= 60+100=160. the first 100 is tax free. if you got taxed at 20 for all you would pay 200
 
So this makes it more bearable right? The whole explanation they have is kind of confusing in my opinion.

Still is an issue if your a reg at 50NL though right?
 
still ****ing redic either way, break even players shouldn't be taxed.
 
duggs said:
still ****ing redic either way, break even players shouldn't be taxed.
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did you call me a break even player? that's the nicest compliment ive ever received. 😱😱😱😱😱

in comparison to DEGEN, loser,etc etc. hahah
 
no i meant morally, they aren't making money so why tax them, yearly it would be ok
 
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