RecentPoker RecentPoker.com
Home Page RecentPoker.com Online Poker Rooms Casino Bonus Online Casinos Casino News Gaming News gaming News Gambling Articles World Series Of Poker No Deposit Bonus
Online Slots
        Gambling Affiliates     |     Gambling Guide     |    Slot Tournaments Finder     |     Poker Pros    |     Recentpoker Twitter
   
Online Casino
Biggest Casino Bonuses
SlotsLv
$22 No Deposit Bonus
SlotsLV no deposit
Betonline Casino
$900 Signup Bonus
Betonline Bonus Code
Bovada Casino (Bodog USA)
$3000 Signup Bonus
Bovada Bonus Code
SlotsPlus Casino
$7000 SignUp Bonus
SlotsPlus First deposit bonus
ManhattanSlots
$767 x2 Signup Bonus
ManhattanSlots
Biggest Poker Bonuses
Bovada Poker (Bodog USA)
$1000 Sign Up Bonus
bovada poker bonus code
888Poker
$88 No Deposit Bonus
888 Poker no deposit bonus
Party Poker
$500 Sign Up Bonus
PartyPoker no deposit bonus
BetOnline Poker
$900 Sign Up Bonus
Betonline Poker bonus code
USA No Deposit Bonus

No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review

Best USA Casino Bonus

Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.

 

Bovada Casino Bonus Code

 
No Deposit Bonus

Two of this year's WSOP main event finalists get a free tax ride

Tuesday  November 15, 2011 :  TAXING TIMES FOR POKER WINNERS
 
Two of this year's WSOP main event finalists get a free tax ride
 
The publication Taxable Talk published an interesting and unusual take on this year's World Series of Poker main event finalists this week, examining the tax liability on their multi-million dollar winnings.
 
The tax experts who undertook the study concluded that the nationality of this year's heads up duo, a German and a Czech, means that this year the US taxman picked up less than in previous years due to tax treaties.
 
Nevertheless, the spread of nationalities around the table ensured that taxmen elsewhere earned a cut, and Taxable Talk published a chart to summarise the overall picture:
 
Amount won at Final Table $28,279,219
Tax to IRS $3,819,362
Tax to Czech Tax Administration $814,963
Tax to Office of Revenue Commissioners (Ireland) $695,018
Tax to State Tax Service (Ukraine) $171,656
 
Total Taxes $5,500,999 or 19.5 percent of the final table prize pool, compared with last year's more American-oriented affair where the tax bite was 42.99 percent.
 
This year, two of the November Nine were exempt from any taxation.
 
Winner Pius Heinz is a German, and as such benefits from the German-US Tax Treaty, meaning he did not have a US tax liability on his $8.7 million plus main prize, saving him 30 percent of the win. Then, because Germany very sensibly treats gambling as the use of monies that have already been taxed, Heinz does not have to pay a cent to the German tax authority.
 
Contrast this with the case of an earlier winner, Peter Eastgate of Denmark, who had to give an estimated 73 percent of his 2008 win of $9.1 million to the Danish tax office.
 
The main event runner-up this year was Czech Republic citizen Martin Stazko, who also escaped the IRS tax net due to a Czech-US tax treaty. Stasko won the useful $5.4 million plus second prize, and therefore faces only Czech taxes as a professional player earning income, and will likely pay only 15 percent of his windfall over in tax - still a hefty hit at $814,963, Tax Table Talk points out. If Stasko was an amateur player he could claim his winnings entirely tax-free.
 
Taxable Talk looked at other players around the table, too. Professional ace Ben Lamb finished in the third spot, earning just over 4 million. Being a US resident, he'll be parting with over $1.5 million to the IRS in federal tax, although as a resident of Nevada he escapes state tax.
 
Matt Gianetti, who finished fourth, is in a similar position; as a Las Vegas resident he has no tax liability, but the IRS will claim an estimated $1 million or more from his fourth placing pay day of just over $3 million.
 
Phil Collins is also a Las Vegas professional and finished fifth to claim a prize of $2.2 million plus, from which the IRS will extract $852,480.
 
The remaining final tablers were all non-US players, and Taxable Talk reports on their individual tax liabilities, starting with Irishman Eoghan O'Dea who is exempt from US taxation through the Irish - US Tax Treaty, but as a professional player will have to cough up $695,018 of his $1,720,831 sixth spot win to the Irish government - at 40.4 percent the highest tax rate of any of his opponents.
 
Seventh-placed Belize resident Bob Bounahra earned $1,314,097, but due to the absence of a tax agreement between his country and the United States he has to fork out 30 percent ($394,229) of that to the US taxman. He can only hope that he will not also be faced with a 15 percent demand from his own government too.
 
Ukrainian poker pro Anton Makiievskyi, who finished eighth, collected a check for $1,010,015 and is again fortunate that a treaty with the US has been signed by his government. That means no US tax liability, although as a professional he will be required to pay over something like $171,656 to the State Tax Service of the Ukraine.
 
Finally, ninth-placed Sam Holden hails from the United Kingdom, and benefits from the UK-US Tax Treaty, losing nothing to the IRS. Like Pius Heinz, he is also in the happy position of not having to pay tax to his home government, because Britain does not tax gambling winnings.
 
The Taxable Talk assessment is an interesting and relevant piece that can be read in full here: http://www.taxabletalk.com/2011/11/09/the-real-winners-of-the-2011-world-series-of-poker/



Gambling News :

Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

  Top 6 Poker Sites - Editor’s Pick
Poker Room
Info
Code
Bonus
Bovada Poker
1349384
$1000
BetOnLine Poker
None Needed
$900
ACR
None Needed
$1000
Fulltilt Poker Bonus Code Fulltilt Poker
None Needed
$10 ND
888 pacific poker 888Poker
None Needed
$400
PartyPoker PartyPoker
500free
$500
  Top 6 Casino Sites - Editor’s Pick
Casino
Info
Code
Bonus
SlotsPlus Casino
Claim20
$20 ND
Bovada Casino
1349384
$3000
MapleCasino Bonus Code MapleCasino
None Needed
Free Spins
SlotsLV
Slots22
$22 ND
Buzzluck Casino
Buzzluck
$868
SlotLand
FREE33RCNT
$33 Nd

Casino No Deposit Bonus Copyright © 2004-2016 | Recentpoker.com | All Rights Reserved. Copyscape Protected No Deposit Bonus Codes
Recentpoker.com

Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.

http://www.recentpoker.com