Quote:
Originally Posted by Farmer Ted
Ah, my bad. I just remember hearing that Hachem got to keep every cent since he wasn't a pro at the time. Maybe I misunderstood.
My understanding is that there are ways to try and claim the withholding tax back, altho you'd expect legal fees of $5-10k. What may have happened is that he had withholding tax deducted and later was successful in getting some / all of it back.
I haven't had a cash big enough in the US to speak from personal experience. A mate of mine cashed for about $35 in the ME a couple of years ago, he certainly had withholding tax deducted and decided not to pursue trying to reclaim it.
In Australia, gaming winnings are not classified as income tax unless you are professional (and even then, I think that's hard to prove). From what I remember of the Hachem story, the thing that made big news is that the Australian Tax Office tried to claim a piece, but were unsuccessful.