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General Poker
PETER EASTGATE QUITS POKER AND GUS HANSEN TAKES A BREAK AND SKIPS THE WSOP MAIN EVENT
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[QUOTE="dmorris68, post: 1526980, member: 40397"] A lot of you seem hung up on the 400k downswing in his graph. Realizing he's not a huge cash player, but 400k is is not a huge deal to a multi-millionaire poker player. Regular cash players like Durrr have had million dollar swings in one day before. Eastgate is nowhere near their level, so a 400k swing isn't surprising. I don't remember ever hearing if he got out from the Danish tax burden or not. When he registered for the '08 ME he was a Danish resident, but before the final table he had moved to London -- most likely in anticipation of a nice cash (since the final 9 each received 9th place money, almost $1M each) and trying to get away from the ridiculous 72% Danish tax. If he did manage to pull that off, then I don't believe gambling winnings are taxable in the UK so he would have kept it all. $9M invested wisely would set him up for life in so many ways, with so much residual income (and not counting his contract/endorsement income), that a $400k downswing would barely be noticeable. [/QUOTE]
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PETER EASTGATE QUITS POKER AND GUS HANSEN TAKES A BREAK AND SKIPS THE WSOP MAIN EVENT
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