EPTOn August 14 2016 12:52 Papercappu wrote:
1st place 9m 2nd place 3m. what a difference
1st place 9m 2nd place 3m. what a difference
6 million dollar observer ward!
[The International 6] Main Event - Grand Finals - Page 215
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Elurie
4716 Posts
6 million dollar observer ward! | ||
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nVme
952 Posts
On August 14 2016 12:52 Papercappu wrote: 1st place 9m 2nd place 3m. what a difference how much does wings as an organization take as a cut from the prize money? 10-50%? | ||
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FiWiFaKi
Canada9859 Posts
Either way, if I assume I'd get taxed the same way as earning a normal income (say 30%), that's 1.82mil each, that's assuming working a career of 45 years, is $40,044 a year, as long as you invest what you're not spending at the rate of inflation. Realistically you'd get a bit more, and that's around a $50,000 salary for the rest of your life. If you're a gamer you can live off of that forever in Canada or the US, and back in China, a lot longer. | ||
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dutchfriese
2554 Posts
On August 14 2016 12:53 nVme wrote: how much does wings as an organization take as a cut from the prize money? 10-50%? I imagine they have some kind of contractual agreement. Maybe it'll become public information, maybe not. | ||
Kipsate
Netherlands45349 Posts
On August 14 2016 12:53 nVme wrote: how much does wings as an organization take as a cut from the prize money? 10-50%? Not sure but isn't wings their own players organization? | ||
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dutchfriese
2554 Posts
On August 14 2016 12:54 FiWiFaKi wrote: Are prize pools taxed as income tax or capital gains? Since the 400k+ tax bracket is 39.6% and 8.95% in Washington, so that'd be almost 50% tax. Either way, if I assume I'd get taxed the same way as earning a normal income (say 30%), that's 1.82mil each, that's assuming working a career of 45 years, is $40,044 a year, as long as you invest what you're not spending at the rate of inflation. Realistically you'd get a bit more, and that's around a $50,000 salary for the rest of your life. If you're a gamer you can live off of that forever in Canada or the US, and back in China, a lot longer. Should be taxed as ordinary wage income. You only pay 39.6% on all income over 400k, and the state income tax should be deductable. Not exactly sure how deductions work for foreigners though. Their effective rate will probably end up being around 40% or so for the states, but i'm just guessing here. | ||
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CxWiLL
China830 Posts
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Makenshi
Sweden2105 Posts
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ASoo
2865 Posts
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Kishin2
United States7534 Posts
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riotjune
United States3394 Posts
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Baggage
Hong Kong593 Posts
Also, daily reminder that Navi and Jimmy Ho led tnc were the only teams to 2-0 them hehe. | ||
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datscilly
United States529 Posts
On August 14 2016 12:53 TheTenthDoc wrote: Wings gave a standard response to that interview question, I think it just didn't penetrate the adrenaline and language barrier that Redeye was asking for a "say a nice thing about the team you just beat" instead of a standard interview "what do you think went wrong for the other team" Was this the question you're referring to? zult1 The answer that the crowd booed was actually a translation error. The actual answer to the question on DC was that he didn't feel like DC played up to their full potential after game 2, not that he thought DC didn't play as well. It may be a minor difference in translation but he intended it to be a very humble comment not a cocky one and was clearly surprised by the crowd reaction. | ||
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xenonn40
United States282 Posts
On August 14 2016 12:55 dutchfriese wrote: Should be taxed as ordinary wage income. You only pay 39.6% on all income over 400k, and the state income tax should be deductable. Not exactly sure how deductions work for foreigners though. Their effective rate will probably end up being around 40% or so for the states, but i'm just guessing here. In the US, prize winnings are taxed at a much higher rate than normal income. I am not sure of the exact details. | ||
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nojok
France15846 Posts
On August 14 2016 12:54 Kipsate wrote: Not sure but isn't wings their own players organization? They have at least a coach, I don't know more. | ||
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TheTenthDoc
United States9561 Posts
On August 14 2016 12:56 datscilly wrote: Was this the question you're referring to? I think so, yeah It would have been classic if Wings had said "Moooooo" but alas | ||
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Nymzee
3929 Posts
is there even a meta this patch though? even the op heroes got destroyed by wings and the supposed counters (naga/sd vs void, ww vs void) got beat by them too this patch seemed to favour diversity and the ability to play a lot of shit. wings can do that. | ||
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FiWiFaKi
Canada9859 Posts
On August 14 2016 12:55 dutchfriese wrote: Should be taxed as ordinary wage income. You only pay 39.6% on all income over 400k, and the state income tax should be deductable. Well yeah, but since the money is paid directly to players, that's almost 2mil each, so I just treated the entire income as 39.6%, but you're right, but it would've been more math for a back of the envelope calculation. And oh, okay, hmm, 40% is quite a lot still. I wonder how other countries treat it, I know almost all EU countries have higher tax brackets for the top, but in Canada for example, lottery winnings aren't taxed, so maybe there's similar type of stuff for competitions like this too. | ||
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xenonn40
United States282 Posts
On August 14 2016 12:57 FiWiFaKi wrote: Well yeah, but since the money is paid directly to players, that's almost 2mil each, so I just treated the entire income as 39.6%, but you're right, but it would've been more math for a back of the envelope calculation. And oh, okay, hmm, 40% is quite a lot still. I wonder how other countries treat it, I know almost all EU countries have higher tax brackets for the top, but in Canada for example, lottery winnings aren't taxed, so maybe there's similar type of stuff for competitions like this too. Lottery winnings are taxed heavily in the US. | ||
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nVme
952 Posts
On August 14 2016 12:54 Kipsate wrote: Not sure but isn't wings their own players organization? i dont think so, i mean isnt this why people are "investing" in pro teams? i view it as people buying "shares" for a poker players buy in at WSOPs etc and for the other revenue sources | ||
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