Quote Originally Posted by BeerAndPoker View Post
Quote Originally Posted by PLOL View Post
This is not accurate. They don't withhold anything. You just fill out a form and take care of taxes on your own (unless you're a foreigner. Then it depends on the country).
I knew they at least gave you the tax form but thought I read anything over $5k they withheld 25% for federal taxes. So I take it then they just ask for your id and social security card which if you don't provide that then is probably when they withhold something like 28% if I'm not mistaken.
If you don't give them your SSN then they withhold 28%. But otherwise they don't withhold anything. I don't think anybody would play tournaments if they did