The Masters of Poker by PokerGO - Who will take home the purple jacket? - Page 7 - Poker News

missed the stream right after they got heads up tonight. looked like they were discussing chop.

did PokerGo broadcast that.

Love the PokerStars streams where they show the chop discussions.

yeah it looked like it on yesterdays FT too. i guess PG dont want the viewers to know they chopped for 20K each. Keep the glamour alive for TV.

I wonder what U.S. Pros who play all these high rollers profit a year? 30K, less, or are they ending up in debt every year?

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09-16-2017 , 09:56 PM

#153

PTLou

JellyBean

Join Date: Nov 2008 Posts: 5,516

Quite lame they dont show chop discussions.

either don't allow it (like WSOP) or allow it and show it (like PokerStars)

to allow it and then go off camera is just cheezy.

I want $5 of my $10 back

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09-16-2017 , 10:34 PM

#154

Keep Your Dreams

adept

Join Date: Sep 2009 Posts: 1,175

speculation, no proof of any deals made.

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09-16-2017 , 11:07 PM

#155

chzbrglr

old hand

Join Date: Apr 2009 Posts: 1,994

Quote:

Originally Posted by DrawingDonkey

David Williams is f'ing brutal. Why on earth would someone pay him to talk?

I agree, but if hes got to be there, please more Ivey stories. Even if he has to make it about himself in the end.

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09-17-2017 , 01:46 AM

#156

PuckFokerGo

adept

Join Date: Jun 2017 Posts: 1,089

Quote:

Originally Posted by PTLou

Quite lame they dont show chop discussions.

either don't allow it (like WSOP) or allow it and show it (like PokerStars)

to allow it and then go off camera is just cheezy.

I agree, this is very frustrating.

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09-17-2017 , 02:41 AM

#157

3142

newbie

Join Date: Oct 2016 Posts: 38

Hopefully there will be some banter between Doug and Brandon Adams. Also is that the Zach Clark or some businessman?

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09-17-2017 , 12:10 PM

#158

TrustySam

journeygirl

Join Date: Apr 2011 Posts: 3,198

Quote:

Originally Posted by topdoll827

Events like this need to be held outside of the USA. It's no good calling it a " world " event or " worlds best" when many poker players can't play it due to the awful tax legislation for poker players whilst playing in America.

Mr. Newey (or anyone who may know

), is there some sort of special trade agreement or tax treaty or something like between the US and Germany - they don't have to pay taxes on winnings like everybody else who visits the US?

They're renegotiating the trade agreement between Canada and the US right now - wonder if there's any chance winnings might be part of the discussion ...

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09-17-2017 , 12:28 PM

#159

madlex

Carpal \'Tunnel

Join Date: Jan 2009 Posts: 17,395

Quote:

Originally Posted by TrustySam

Mr. Newey (or anyone who may know

), is there some sort of special trade agreement or tax treaty or something like between the US and Germany - they don't have to pay taxes on winnings like everybody else who visits the US?

There is a tax treaty between the US and Germany but that point is kinda moot for all the German players in this tournament series since none of them has his residence in Germany anyway to avoid the taxman (yes, people in Germany pay taxes, too)

But if you are a recreational player with a residence in Germany, you don't pay taxes on your winnings if you luckbox a $1k WSOP event.

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09-17-2017 , 01:00 PM

#160

w00t

banned

Join Date: Jan 2016 Posts: 1,561

There must be less of a tax penalty for the German players, what with so many participating.

I still say Uncle Sam is grabbing a piece of their winnings.

I believe non citizens have to file paperwork to get the taxed portion back, and it's more complicated than that.

Just a hunch.

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09-17-2017 , 01:13 PM

#161

madlex

Carpal \'Tunnel

Join Date: Jan 2009 Posts: 17,395

Quote:

Originally Posted by w00t

Did you even read my post?

I'll try again, it's fairly straightforward:
a) German citizens who pay taxes on their worldwide income in Germany don't pay taxes on gambling winnings in the US. Not a single cent. And it's not complicated at all. Hand paperwork to casino, don't have any winnings withheld.
b) (almost?) all German citizens in this tournament series have their permanent residence in a country other than Germany. The US taxes its citizens, almost every other country in the world taxes its permanent residents but not citizens who live somewhere else.

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09-17-2017 , 01:48 PM

#162

w00t

banned

Join Date: Jan 2016 Posts: 1,561

Not only do I say you are wrong ...

I know you are wrong !

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09-17-2017 , 02:00 PM

#163

w00t

banned

Join Date: Jan 2016 Posts: 1,561

Quote:

Originally Posted by madlex

a)German citizens who pay taxes on their worldwide income in Germany don't pay taxes on gambling winnings in the US.

b) (almost?) all German citizens in this tournament series have their permanent residence in a country other than Germany. .

You contradict yourself, badly

You say they don't live in Germany for tax reasons.

Therefore, part a) does not apply.

So whatever tax treaty you talk about does not apply.

You clearly are in over your head.

http://www.investopedia.com/articles...-residents.asp

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09-17-2017 , 02:49 PM

#164

madlex

Carpal \'Tunnel

Join Date: Jan 2009 Posts: 17,395

You are either a troll or can't read, but I will try a last time. In my initial post I said that there's a tax treaty between the US and Germany (fact, I've used that one to not pay taxes on gambling winnings in the US when I had my permanent residence in Germany) but that this point is moot anyway, since (almost) none of them lives in Germany (but in countries that have similar tax treaties with the US and don't tax gambling winnings)

Now you can check a list of European countries that have a tax treaty with the US and don't tax gambling winnings. Then you can take a look where those German players have their permanent residence. You might be in for a treat.

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09-17-2017 , 04:57 PM

#165

xoxoxo

banned

Join Date: Jun 2017 Posts: 411

Hope Doug ships it! Extremely talented kid, delivers high quality and entertaining videos!
Just really likeable guy. Go Doug

))

Quote

09-17-2017 , 07:48 PM

#166

CoreySteel

old hand

Join Date: Sep 2009 Posts: 1,894

Quote:

Originally Posted by w00t

Pretty much whole EU has a Tax Treaty with US, so we don't pay a single cent to IRS. Lots of Germans have UK as their tax residency, so they aren't taxed by UK either.

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09-17-2017 , 08:51 PM

#167

ProffesionalMalaka

adept

Join Date: Aug 2015 Posts: 749

How the f is it +EV for US players to compete with 0% tax Germans in the long run?

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09-17-2017 , 08:59 PM

#168

Popetman

old hand

Join Date: Jun 2010 Posts: 1,315

Quote:

Originally Posted by ProffesionalMalaka

How the f is it +EV for US players to compete with 0% tax Germans in the long run?

Because they are not 'competing'

As a pro - UK resedents will make more money than USA based players - when the 'win the same amount'

But that doesn't change how a US pro wins or loses, as they aren't in competition in that way - and it doesn't change their EV long term or short term - it just is, what it is - for where you live

It's not about who gets to keep the most money - people are just playing for a living [if they are] and to make as much as they can

It's not 'keeping up with the schmits' here

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09-17-2017 , 11:44 PM

#169

grunderson

enthusiast

Join Date: Jul 2017 Posts: 66

Brendan Adams on top of things.

Crisp styling dress shirt, not a single wrinkle ever: check
Single digit bodyfat percentage, despite being middle aged: check
Tan: check

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09-18-2017 , 12:11 AM

#170

TrustySam

journeygirl

Join Date: Apr 2011 Posts: 3,198

Thanks so much everybody for the help with the tax stuff - didn't expect it to open such a can of worms, but guess tax may tend to do that sometimes ...

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09-18-2017 , 12:36 AM

#171

TrustySam

journeygirl

Join Date: Apr 2011 Posts: 3,198

Was just looking at the prize payout thingie again for the Poker Masters - with +25 players, will the jacket go to whoever wins tomorrow ... maybe only the winners of the preliminary tournaments may still have a chance even if thye don't come in first tomorrow, if they cash high enough?

Guess that's kind of nice that everybody who plays tomorrow still has a chance at the jacket - although maybe it might have been nice if it had turned out that peoples' cashes from the preliminary rounds had given them a little bit of an extra chance, maybe?

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09-18-2017 , 03:54 AM

#172

nickjehz

veteran

Join Date: Jun 2007 Posts: 2,112

Is it based on cashes or ROI?
I thought is was ROI....

Quote

09-18-2017 , 05:01 AM

#173

the orange crush

adept

Join Date: Nov 2011 Posts: 997

cash

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09-18-2017 , 05:56 AM

#174

Kenny S

adept

Join Date: Sep 2010 Posts: 1,183

[QUOTE=TrustySam;52856395]Was just looking at the prize payout thingie again for the Poker Masters - with +25 players, will the jacket go to whoever wins tomorrow ... maybe only the winners of the preliminary tournaments may still have a chance even if thye don't come in first tomorrow, if they cash high enough?

Wish they would show the entire list with rebuys. I want to see the dead money donk stuck 300-400 grand.