English flag   Dansk (danish) flag     (22:01 GMT)
 
Username   Password  

BankrollMob Christmas logo  
Free no deposit poker bonuses Reviews Bankrolls - Free No Deposit Offers Poker Forum News: Poker, Casino, Betting & Bingo Sport Bets Poker Freerolls & Tournaments Xmas Offers Support & FAQ
transparent separator

BankrollMob Forum

BankrollMob Forum » Poker Forum » One Drop freeroll

New Thread Forums Search Subscriptions Bookmarks

  27-Jun-13, 06:45   #1
One Drop freeroll 0 
Sorin888 
Joined: Apr '11
Location: Romania
Age: 51 (M)
Posts: 2375
After signing up for the WSOP's US poker site,Owais Ahmed was randomly chosen to receive a free entry into $111,111 One Drop event.
However, according to an article by Russ Fox, Ahmed's prize isn't a complete freeroll since it has a cash value and under US tax law he is liable for tax on the buy-in amount.
Writing on taxabletalk.com, the financial advisor noted that if Ahmed is in the 25% tax bracket, he'd owe "$27,778" on the prize.
Fortunately, Ahmed seems to have taken note of this fact and is currently selling "a large chunk" of his action to help offset his risk.

     
  29-Jun-13, 09:54   #2
  0 
Sorin888 
Joined: Apr '11
Location: Romania
Age: 51 (M)
Posts: 2375
The One Drop High Roller event at the World Series of Poker is underway, and the $111,111 buy-in has attracted millionaire amateurs to the tournament along with professional poker players. The 3-day event has drawn 166 players, generating a prize pool of a massive $17,891,148, higher than any WSOP event except for the $10,000 No-limit Hold’em Main Event and last year’s million dollar buy-in Big One for One Drop event. First place will earn the winner a cash of nearly $5 million and a WSOP bracelet. The top 24 finishers get a payday. - See more at: http://news.sportsinteraction.com/poker/its-pros-vs-ceo...

     
  29-Jun-13, 12:31   #3
  0 
Macubaas 
Joined: Apr '11
Location: Romania
Age: 27 (M)
Posts: 6668
This event is definately a must to watch but still it's a lot less to was last year plus the bracelet will be a regular one, not platinum like last year.

I think this event by far will attract the most pros out there Big Smile

     
  29-Jun-13, 15:14   #4
  0 
demodawggy 

Joined: Feb '12
Location: Canada
Age: 56 (M)
Posts: 5682
Paying tax on a BUY IN...??? That sounds like the craziest thing I've ever heard...

Paying taxes on a win is one thing,...but on a buy in sounds like the government has it's paws in the WRONG place...

I never would have suspected that if you go to Vegas,...you're paying taxes on buying into games... Thumbs Down

     
  29-Jun-13, 19:56   #5
  0 
Doarulle 
Joined: Sep '12
Location: Romania
Age: 26 (M)
Posts: 1052
Posted by demodawggy:
Paying tax on a BUY IN...??? That sounds like the craziest thing I've ever heard...

Paying taxes on a win is one thing,...but on a buy in sounds like the government has it's paws in the WRONG place...

I never would have suspected that if you go to Vegas,...you're paying taxes on buying into games... Thumbs Down

That's a gouvern classic decision, as you could see they want a tax even if you play for free, hope if he will win 1st place they don't ask for 25% of winning, that will make 50% of players quit from poker life and move on Mars for play, that if they don't want some rake.

     
  29-Jun-13, 23:22   #6
  0 
TigerAxL 

Joined: Feb '11
Location: Romania
Age: 26 (M)
Posts: 392
The One Drop High Roller event at the World Series of Poker is underway, and the $111,111 buy-in has attracted millionaire amateurs to the tournament along with professional poker players. The 3-day event has drawn 166 players, generating a prize pool of a massive $17,891,148, higher than any WSOP event except for the $10,000 No-limit Hold’em Main Event and last year’s million dollar buy-in Big One for One Drop event. First place will earn the winner a cash of nearly $5 million and a WSOP bracelet. The top 24 finishers get a payday

     
  30-Jun-13, 03:11   #7
  0 
alakazoo 
Joined: Apr '13
Location: Canada
Age: 29 (M)
Posts: 333
U.S. tax rate over poker player make me sick every time I'm hearing about an history like that... I know and agree that it is normal to tax professional poker player who are making a living from this game but in some way... That freeroll win is like a poisonnous gift he just received, that's crappy

     
BankrollMob Forum » Poker Forum » One Drop freeroll

 
Forum Rules | Support & FAQ

© 2016 BankrollMob.com - All Rights Reserved CONTACT | ABOUT | PRIVACY POLICY | TERMS & CONDITIONS | NEWSLETTERS | AFFILIATES | REPORT SPAM | ADVERTISING
  Bookmark and Share