How much do you get for winning the Main Event?

OzExorcist · Nov 28, 2008

Not as much as you might think - at least, not after tax. Especially if you're from Denmark:

http://mjperry.blogspot.com/2008/11/after-taxes-world-series-winner.html

After taxes, Peter Eastgate only gets to take home $2.5 million of the first place money. Second place finisher Ivan Demidov, on the other hand, walks away with over $5 million after tax.

No wonder Gus Hansen moved to Monaco

pantin007 · Nov 28, 2008

from what i heard, eastgate moved to london so he only had to pay like 13% or something around there
i dont know how true this is but its what i heard

OzExorcist · Nov 28, 2008

pantin007 said:
from what i heard, eastgate moved to london so he only had to pay like 13% or something around there
i dont know how true this is but its what i heard

I heard he spent the four month break trying, but couldn't get citizenship.

pantin007 · Nov 28, 2008

OzExorcist said:
I heard he spent the four month break trying, but couldn't get citizenship.

that kinda suxs and would explain the absense of celebration when he won

ythelongface · Nov 28, 2008

i cant really feel too bad for the guy. its not like he is walkin around broke nad unknown. yeah thats a sizeable chunk, but 2.5 million is hardly pocket change.

Insaneasylm · Nov 29, 2008

i'm kind of curios about that. so he doesn't pay any us tax what so ever on that money even though he earned it here. And what about pro poker players from around the world that win money in the us. They are working kinda sorta so do they have to have a green card.

OzExorcist · Nov 29, 2008

Insaneasylm said:
i'm kind of curios about that. so he doesn't pay any us tax what so ever on that money even though he earned it here. And what about pro poker players from around the world that win money in the us. They are working kinda sorta so do they have to have a green card.

No idea. He does pay rake to the American organisers just like all the other players.

Remember too that not all of the prize money was American - people from around the world bought into that tournament and contributed to the prize pool.

Irexes · Nov 29, 2008

I believe that the UK has a reciprocal arrangement with the US.

US players winning over here have to pay tax on it in the US and UK players in the US are exempt from tax as they would be in the UK.

Read this in a similar thread before so not first hand knowledge.

Search

How much do you get for winning the Main Event?

OzExorcist

Broomcorn's uncle

pantin007

member

OzExorcist

Broomcorn's uncle

pantin007

member

ythelongface

Legend

Insaneasylm

Rock Star

OzExorcist

Broomcorn's uncle

Irexes

Legend

About CardsChat

Our Community

Our Site

Follow us