“Tax Cut”: The Real Reward of the 2023 WSOP.

This is a recordWSOP 2023Main Event final table with a total prize money figure of nine entrants is very high. While in reality this isn’t actual tangible money left to the player, the taxes each person is required to pay have to be deducted in addition to the shares that may have been sold, but the figures paid out vary from company to company. where they live.

US There are some tax treaties between the United States and other countries, even internally depending on each state, which stipulate the amount that must be paid to the regulator, which is more or less Or less in favor of the player. For this reason, and with the knowledge of this section, it is common for many pros to hold a different nationality or hold a second passport.

Unlike previous years, the podium for the 2023 WSOP Main Event is exclusive to the US. As a result, new champion Daniel Weinman has won the $12,100,000 Price records on paper, but in reality he earns slightly more than half: an estimated 45.64 percent federal and state taxes he has to pay The IRS is $4,831,195, and the Georgia Department of Treasury) at $690,777.

Jones and Weinman and the $12,100,000 pyramid in the middle.

A similar thing happened to Steven Jones who accomplished $6,500.000 of which he was obligated to donate $2,364,616 to the IRS and $193,700 to the Arizona State Treasury , 39.36 percent of income, while Adam Walton (third party) left $1,557,986 (38.95 percent) to the IRS for $4,000,000 because he Live in Nevada.

During these periods, the German and two British players at the final table suffered the fewest tax penalties since Germany and the UK entered into a tax treaty. The US exempted them from taxes, so their prizes were paid in full: Jan-Peter Jachmann received $3,000,000, Dean Hutchison -uk added $1,850,000, Toby Lewis added $1,425,000.

Finally Ruslan Prydryk (4th, $2,400,000), Juan Maceiras (8th, $1,125,000) and Daniel Holzner(No. 9, $900,000) also has most of his WSOP 2023 main event payouts: Ukrainians pay 19.5%, Spaniards 47%, Italians just over 43 %.

How much does each tax agency make? Final Table Prizes $33,300,000 Internal Revenue Service (IRS) $8,753,797 Georgia State Revenue Service (Spain) $690,777 Agencia Tributeria (Spain) $528,750 Internal Revenue Service (Ukraine) $456,000 Agenzia delle Entrate (Italy) $387,000 Arizona State Revenue Service: $193,700

Total Taxes: $11,010,024

Comments (3)

  • Jody.gislason

    This text discusses the financial implications and tax responsibilities for the winners of the 2023 WSOP Main Event. It highlights the varying tax rates based on nationality and state, and provides specific figures for the amount each winner is required to pay to their respective tax agencies.

  • This text provides information about the taxes that professional poker players have to pay on their winnings at the WSOP 2023 Main Event. The text discusses the varying tax rates based on nationality and location, and provides specific examples of the amounts owed by individual players.

  • This text discusses the high prize money at the WSOP 2023 Main Event final table and the taxes that each player is required to pay, which can significantly reduce their winnings. It also mentions the tax treaties between the US and other countries that exempt certain players from taxes, resulting in higher payouts for them.

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