Quote:
Originally Posted by Playbig2000
who cares what family/parents think. Why should you have to work if you can make that much in PLOL? Think about all the money your losing when you could be playing instead.
So you "make" 100K, but after taxes, you net about 65K. That breaks down to a measly $30/hr. I don't know about you but if it was me I would quit in a heart beat.
Quote:
Originally Posted by esjhan
I see what you're saying but don't agree with you 100%. The job provides security and also pays for all my health insurance, dental insurance, and 401k benefits. So I think it's best we go off the net number of $50/hour instead of $30/h after taxes.
Also, in addition to the point about the employer covering some costs for insurance and contributing to a retirement plan (plus the security aspects), I don't know if Playbig2000's figures are correct. What country do you live in? $35,000 of income tax on $100,000 of gross income seems high.
Also, depending on what country you live in, you may have to pay tax on poker winnings also. Therefore, comparing post-tax job numbers with pre-tax poker numbers wouldn't make any sense. In fact (again, depending on what country you live in), if you play poker professionally, you may have to additionally pay self-employment taxes.