Quote Originally Posted by GAMBLE-BOT View Post
Quote Originally Posted by shortbuspoker View Post

I'm sure that you know more about it than I do but my main point was that for someone who has had tax problems in the past to blow a million that he just won is absurd. I'm not sure about Nevada but in Mississippi they will deduct state taxes(albeit it not a high percentage) before they pay you out on any score over $1200 and give you a state w-2g or i9g I can't remember which number.


Again, the state can take out the taxes like a jackpot, but if you don't make any money on gambling they have to end it back. If you win small poker torunies and have this state tax taken out like in Louisiana, but then dont file a LA return stating you lost x gambling at craps with some ATM machine receipt....you just paid a stupid tax. Especially in MS


No state tax in Nevada would apply.


Yes he is putting too much of his bankroll if he he isnt staked.


Even if i was the grinder this isn't a good tourney pay out and field to have much of an edge IMO. The only wildcard is establishing yourself as a brand like Helmuth. If this thing takes off on TV, and I know zero about what kind of TV will apply, then being on camera a lot in a well promoted TV tourney can be worth money in future horseshit freerolls at local indian casino championships, ad money and guest appearances, if executed correctly. Phil works this angle now, so does Antonio, but I have never heard of Grinder being sponsored by anyone anywhere in brick or mortar.
He had some deal with the Planet Hollywood poker room back in '07. If I recall the relationship didn't end well.