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nov
14

WSOP: Maint Event winner risk to lose $6,2 million in tax

According to Danish law and some tax experts, Peter Easgate might have to pay 45% tax on $500,000 and 75% tax on the rest of the winnings after that he won over 9 million dollars for the 1st place in WSOP Maint Event a few days ago.   Peter Eastgate was well aware of the high tax he had to pay if he stayed in Denmark and therefore he decided to move to England before the final table was p[...]   Read more » WSOP: Maint Event winner risk to lose $6,2 million in tax

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WSOP: Maint Event winner risk to lose $6,2 million in tax  0   
HAHA! how mad is that? If the danes dont tax him, the UK should instead... why should everyone live here for free? Blink

     
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so in germany there is the issue of the double-tax if u live in "both" countries. so u pay the lower tax rate in the cheaper country and the difference to the higher one in the other country...

why isnt this everywhere?

     
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I would do the same. you went trough all that trouble to earn that money and some governement comes and takes more than half of it Smile if it was me I'd be off to monaco playing poker with my tax-free money Big Smile


@ Saint, if the guy lives in the UK, he'll spend his money there so that means that your economy only profits from millionaires like that guy Smile.

     
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That sucks if you live in some countries. Luckily for me, no tax for Canadian players if you play as a hobby Smile

     
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Ok Gene but after winning 9 million, could you be still considered '' player for hobby " ?
In Italy the situation is similar to german one: pay taxes in the country you earned money in and the difference ( if italian taxes were higher ) in Italy.
Any way you can make me pay 75% tax !!!!!!

     
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The UK is not known to have that low taxes. Gus Hansen lives in Monaco. There will be a reason for this. Blink

75% tax is really harsh Shock

     
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I'm also thinkin of movin to monaco, my BR gettin out of proportion Blink

     
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There is a litlle bit more to the case than it's put here but it's very complicated.

Top tax in DK is as I know it 68% so 75% is out of the question.

Lets take it tomorrow im drunk Agree

     
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Here in norway you gotta pay 27% of prizes over $1500. I think that`s crazy, but 75%.... OMG! Shock

     
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M3TURBO.. Im danish, and i can confirm the 75% tax... it is a winning tax... it also applys if my far out grand uncles wife, (or other non related people) dies and leaves me $10mill... Thumbs Down

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We also pay 180% tax on our cars..! so if you drive a $100000 car, it would cost me $280000 to do the same... THATS CRAZY!!!

     
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Wow I can hardly believe Denmark is inhabbited at all with such ridiculous tax laws. :O

     
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And who is the biggest cheater - our goverments - the real MOB, what the fu...is going on ....is it not a legal cheating ?
Winning such an event is a real hard work and than come tax office and will take its % .... for what ?

     
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some tax is ok or our society wouldnt work out as it is. but 75% !? this is just a joke. no question i would immediatly move to monaco..

edit: and then the gouverments wonder why rich people move to monaco or other taxfree countrys...so at end they lose more money by this as if they put lower tax.

     
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Wow. This is so unfair :S

     
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Posted by MANUEDO:
Ok Gene but after winning 9 million, could you be still considered '' player for hobby " ?


Why not? You can't put a price on a hobby.

Joe Hachem didn't pay tax on his 2005 WSOP win.

     
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Just stay in US or move to Switzerland or something .Good thing they do this tough, always loved taxes.

     
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sick, pay 6.2 if u win 9...

     
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I've said it before and i'll say it again, democracy doesn't work

     
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there has never been a democracy Cool its just a big lie

     
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If you win some kind of price in Holland like the lotery, you have to pay 29% tax. This money will be automaticly deducated from your price money, I guess if they don't do it automaticly every winner will take the first flight to hawai and never come back Blink

     
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