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Pius Heinz had 70 % of himself in Main Event Pius Heinz had 70 % of himself in Main Event
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11-11-2011 , 02:36 PM
#51
bigticket
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So he moves to evade paying taxes? Lock him up
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 02:41 PM
#52
SunnyDays
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70% is better than 69%
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 02:43 PM
#53
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browser2920
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Quote:
Originally Posted by obviously.bogus
Not if a tax ID has been given to the casino, and the casino gives that info to the IRS.

Poker Tournament Winnings Must be Reported to the IRS
not 100% sure, but I think they are only referring to US tax ID numbers, like soc secy numbers or business ID numbers. That reg says that if no ID number is given, they must withhold taxes. Pretty sure non US residents have to have it withheld.
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 02:44 PM
#54
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wish i had 70% of myself in the main
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 02:59 PM
#55
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Quote:
Originally Posted by livegrinder
I don't see why some billionaire doesn't invest in like half the field and make a lot of money.
Because "billionaires" have better things to do.

The entire poker economy is chump change...
Compared to the money people make in business.

There are probably > 1000 people at Goldman Sachs...
Whose annual bonus was > than $8.7 million.

The only way Poker Pros get rich...
Is via real estate and business interests.
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 03:00 PM
#56
the1macdaddy
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adept
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Quote:
Originally Posted by Byan_Railey
+1

And while we're at it might as well ban everyone who joined post April 2011.
I joined April 2011 so do I get a ban or.a pass?
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 03:02 PM
#57
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Quote:
Originally Posted by browser2920
not 100% sure, but I think they are only referring to US tax ID numbers, like soc secy numbers or business ID numbers. That reg says that if no ID number is given, they must withhold taxes. Pretty sure non US residents have to have it withheld.
Foreign Residents of U.S. Tax Treaty Countries who provide an Individual Tax Identification Number, don't have tax withheld. ITINs are for Non-US residents.

http://www.wsop.com/pdfs/2010/2010-WSOP-FAQ.pdf

http://forumserver.twoplustwo.com/65...umber-1034254/
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 03:03 PM
#58
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Quote:
Originally Posted by browser2920
not 100% sure, but I think they are only referring to US tax ID numbers, like soc secy numbers or business ID numbers. That reg says that if no ID number is given, they must withhold taxes. Pretty sure non US residents have to have it withheld.
Most functioning countries have a Tax Treaty with USA...
This is meant to avoid double taxation.

Withholding rate on trading profits, dividends, casino winnings, etc...
Can vary from 0-30% depending on what country you from.
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 03:16 PM
#59
bearly
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in order to get it straight; does anyone really know the exact terms of the backing agreement? i just assume that most fine players would put a limit on the upside of the agreement. for example: for $5000 they get half your action up to $500,000. I just can't imagine a player who knows his/her way around gambling would sell any piece of themselves w/out stipulations...........b
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 03:27 PM
#60
deemikey
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Quote:
Originally Posted by bearly
in order to get it straight; does anyone really know the exact terms of the backing agreement? i just assume that most fine players would put a limit on the upside of the agreement. for example: for $5000 they get half your action up to $500,000. I just can't imagine a player who knows his/her way around gambling would sell any piece of themselves w/out stipulations...........b
I think you'd have a hard time finding a backer if you're going to cap what they get out of it. Would you pay $5,000 in a tournament with 6,000+ people if first place was only going to get $500,000? It just doesn't make sense to risk that much if the potential reward is going to be reduced.
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 03:52 PM
#61
LaplaceTransform
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Quote:
Originally Posted by The Poker Muppet
No u didn't

These guys did.
Thanks for the link ! The russians are crazy :P
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 04:01 PM
#62
caspermatic
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What an idiot. I have 100% of myself.
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 04:03 PM
#63
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I imagine that OP included the word "only" in the title because the majority of news outlets reporting this imply he won the full prize money. Not really hard to figure out.
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 04:04 PM
#64
News777
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Only this scumbag country taxes gambling winnings! Don't tell me love or leave it either when bankers get bailed out and still make millions a year in salary.
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 04:05 PM
#65
BinkScoresLDO
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Quote:
Originally Posted by News777
Only this scumbag country taxes gambling winnings! Don't tell me love or leave it either when bankers get bailed out and still make millions a year in salary.
go protest on wall street u douche
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 04:23 PM
#66
theczar19
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first of all, just lol @ "only 70% of yourself"

i'd say less than 30% of the main event field had 70% of themselves or more? just quick estimate that might be way off but seems about right to me atm



Quote:
Originally Posted by rakemeplz
I have it on good authority he had 57% of himself.
lol took me a second... then i giggled a lot
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 04:28 PM
#67
MILF HUNTER
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Quote:
Originally Posted by rakemeplz
I have it on good authority he had 57% of himself.
I'm slow to catch up, but once I did I relished the humor. You're clearly a hot dog when it comes to subtle jokes and I hope you can muster up a few more, we'll be sure to laugh our buns off.
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 04:39 PM
#68
theczar19
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Quote:
Originally Posted by MILF HUNTER
I'm slow to catch up, but once I did I relished the humor. You're clearly a hot dog when it comes to subtle jokes and I hope you can muster up a few more, we'll be sure to laugh our buns off.
nice
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 04:39 PM
#69
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according to the max katz article, Pius was selling action to $1k and $1.5k events too, which makes it hard to believe he took 70% of himself in main
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 04:49 PM
#70
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cmon...bild zeitung is the 4L of newspapers...
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 04:52 PM
#71
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Quote:
Originally Posted by rakemeplz
I have it on good authority he had 57% of himself.
I see what you did there!
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 04:52 PM
#72
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Quote:
Originally Posted by rakemeplz
I have it on good authority he had 57% of himself.
nice
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 04:55 PM
#73
SoLost
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Quote:
Originally Posted by bigpotpoker
lol @ only 70 %.
yup, couldn't get more standard and most online players would have that or less. lol @ op

Quote:
Originally Posted by Mark275
his sponsorships and the $$ he makes with stars and interviews and magazines will cover the 30% he had to giveout!+ Moreeeeeee, hes set for life if hes smart with his $$$, gl to him
don't think he's gonna need to be particularly savvy to make that amount of $ work for life. mbfn!
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 04:58 PM
#74
jwc529
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in b4 busto is confirmed
Pius Heinz had 70 % of himself in Main Event Quote
11-11-2011 , 05:07 PM
#75
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Quote:
Originally Posted by muckmylife
Pius Heinz! Pius Heinz! Pius Heinz!.....Pius Pius Heinz! Pius Heinz! Pius Heinz!.....Pius Pius Heinz! Pius Heinz! Pius Heinz!

[ ] Pius Heinz! Pius Heinz! Pius Heinz!.....Pius Pius Heinz! Pius Heinz! Pius Heinz!.....Pius Pius Heinz! Pius Heinz! Pius Heinz!

[x] Pius Pius Heinz - Pius Heinz, Pius Pius Heinz
Pius Heinz had 70 % of himself in Main Event Quote
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