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Staking and Taxes?

    • metza
      metza
      Bronze
      Joined: 28.01.2012 Posts: 2,220
      After seeing the disgusting WSOP tax figures, I couldn't help but wonder what happens when a player is staked in a live poker event, like many of them probably are in WSOP Main, and has to pay taxes on their winnings.

      If the $ winnings were never yours to begin with, surely it doesn't count as income anymore. In most cases this will then put the poker players share of themselves in a lower tax bracket since they are earning much less.

      What happens also if the backers are all in different countries with different tax laws?
  • 1 reply