Quote:
Originally Posted by poker_triad
Unfortunately this is the model that most clubs are adopting. Although most that I've worked with aren't really sneaky about it. They tell agents and players up front that either there is a tax for cashing out or they adjust the chip conversion rate. Most players are on to it by this point. It's usually the first question I get when players text me.
taxing winning players is a huge scam that benefit only dirty agents. It's not like your giving back the tax to the losing players. Unions just keep the money for themselves, scummy af.
Buying an winning players action is different of course since the agent is assuming some risk at least.