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[The International 6] Main Event - Grand Finals - Page 216

Forum Index > Dota 2 Tournaments
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Prev 1 214 215 216 217 218 220 Next
ahswtini
Profile Blog Joined June 2008
Northern Ireland22208 Posts
August 14 2016 03:58 GMT
#4301
Cmon third new hero announcement
"As I've said, balance isn't about strategies or counters, it's about probability and statistics." - paralleluniverse
Papercappu
Profile Joined July 2015
Canada2210 Posts
August 14 2016 03:58 GMT
#4302
as much as i love wings its still felt wrong that china won something
nojok
Profile Joined May 2011
France15845 Posts
Last Edited: 2016-08-14 03:58:54
August 14 2016 03:58 GMT
#4303
On August 14 2016 12:55 dutchfriese wrote:
Show nested quote +
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.

I wonder if valve is ok with giving them the money over a few years to reduce the taxes. I know lottery can do it and also to keeps people sane after winning so much money.
"Back then teams that won were credited, now it's called throw. I think it's sad." - Kuroky - Flap Flap Wings!
Zea!
Profile Joined November 2006
9589 Posts
August 14 2016 03:58 GMT
#4304
That's all folks!
The Real Power~
dutchfriese
Profile Joined November 2012
2554 Posts
August 14 2016 03:58 GMT
#4305
On August 14 2016 12:56 xenonn40 wrote:
Show nested quote +
On August 14 2016 12:55 dutchfriese wrote:
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.


In the US, prize winnings are taxed at a much higher rate than normal income. I am not sure of the exact details.


i find that to be very surprising. If it's taxed higher then I'm guessing that means deductions are non-existent.
Sabu113
Profile Blog Joined August 2009
United States11047 Posts
August 14 2016 03:58 GMT
#4306
On August 14 2016 12:58 Papercappu wrote:
as much as i love wings its still felt wrong that china won something

A-God?
Biomine is a drunken chick who is on industrial strength amphetamines and would just grab your dick and jerk it as hard and violently as she could while screaming 'OMG FUCK ME', because she saw it in a Sasha Grey video ...-Wombat_Ni
Grettin
Profile Joined April 2010
42381 Posts
August 14 2016 03:59 GMT
#4307
See you next year
"If I had force-fields in Brood War, I'd never lose." -Bisu
FiWiFaKi
Profile Blog Joined February 2009
Canada9858 Posts
August 14 2016 03:59 GMT
#4308
On August 14 2016 12:58 xenonn40 wrote:
Show nested quote +
On August 14 2016 12:57 FiWiFaKi wrote:
On August 14 2016 12:55 dutchfriese wrote:
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.


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.


These things make me so angry, it's literally triple taxing people (first for making money to gamble with, then to make winnings far less than revenue, and then tax the winnings)
In life, the journey is more satisfying than the destination. || .::Entrepreneurship::. Living a few years of your life like most people won't, so that you can spend the rest of your life like most people can't || Mechanical Engineering & Economics Major
Danzo
Profile Joined March 2011
2820 Posts
Last Edited: 2016-08-14 04:00:03
August 14 2016 03:59 GMT
#4309
Well guys it's been fun. What a year it has been. I dedicate this TI to Azarkon. May he rest forever in the Chinese abyss of suffering.
Getting too old for this..
wims80
Profile Joined February 2014
1892 Posts
August 14 2016 04:00 GMT
#4310
On August 14 2016 12:58 nVme wrote:
Show nested quote +
On August 14 2016 12:54 Kipsate wrote:
On August 14 2016 12:53 nVme wrote:
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%?

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

I think it's more like they sponsor players and use the players fame to attract corporate sponsors to fund the organization, I believe that's how it is for reputable western orgs anyways
Why are my allies so weak and pathetic?
Kuroeeah
Profile Blog Joined February 2013
11696 Posts
August 14 2016 04:00 GMT
#4311
well, i wonder what RPG's Wing's is going to play.
Wineandbread
Profile Joined September 2009
United States2065 Posts
August 14 2016 04:00 GMT
#4312
The sound balancing is so off for this team credits
youngminii
Profile Blog Joined May 2010
Australia7514 Posts
August 14 2016 04:00 GMT
#4313
On August 14 2016 12:58 dutchfriese wrote:
Show nested quote +
On August 14 2016 12:56 xenonn40 wrote:
On August 14 2016 12:55 dutchfriese wrote:
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.


In the US, prize winnings are taxed at a much higher rate than normal income. I am not sure of the exact details.


i find that to be very surprising. If it's taxed higher then I'm guessing that means deductions are non-existent.

There's a rumour going around that Valve pays all the taxes as well. It was sorta de-bunked when Admiral Bulldog said his winnings were taxed, but that was TI3 so I do think Valve covers it.
lalala
youngminii
Profile Blog Joined May 2010
Australia7514 Posts
August 14 2016 04:00 GMT
#4314
On August 14 2016 13:00 wims80 wrote:
Show nested quote +
On August 14 2016 12:58 nVme wrote:
On August 14 2016 12:54 Kipsate wrote:
On August 14 2016 12:53 nVme wrote:
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%?

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

I think it's more like they sponsor players and use the players fame to attract corporate sponsors to fund the organization, I believe that's how it is for reputable western orgs anyways

Org takes 20%.
lalala
FiWiFaKi
Profile Blog Joined February 2009
Canada9858 Posts
August 14 2016 04:00 GMT
#4315
Anyway, appreciate the US tax info guys, and thanks to the person who pointed out the player I was thinking of was Light.

Enjoyed your guys' company in the LR thread. Have a good night all!
In life, the journey is more satisfying than the destination. || .::Entrepreneurship::. Living a few years of your life like most people won't, so that you can spend the rest of your life like most people can't || Mechanical Engineering & Economics Major
trifecta
Profile Joined April 2010
United States6795 Posts
August 14 2016 04:00 GMT
#4316
This should be a message to many other chinese teams that having teams of veteran friends wont get you automatic top 4 anymore. hopefully wings and other fresh talent can finally take the spotlight
Nymzee
Profile Joined June 2013
3929 Posts
August 14 2016 04:00 GMT
#4317
On August 14 2016 13:00 Kuroeeah wrote:
well, i wonder what RPG's Wing's is going to play.

world of warcraft xd
TheYango
Profile Joined September 2008
United States47024 Posts
Last Edited: 2016-08-14 04:02:05
August 14 2016 04:01 GMT
#4318
On August 14 2016 12:51 trifecta wrote:
Show nested quote +
On August 14 2016 12:47 TheYango wrote:
On August 14 2016 12:47 trifecta wrote:
wings were too inconsistent this season for me to consider them the best overall. They obviously got white hot at the best possible moment

I mean "too inconsistent this season" describes basically all 3 of the teams in the top 3.


yeah pretty much. a lot of teams shit the bed at TI. IMO TI2 IG and TI3 Alliance were the only teams that were the best all season and also won TI

TI2 iG was not the best all season. Chinese teams were super inconsistent in pre-TI2 DotA 2 events due to SEA ping (Perfect World server didnt exist yet), and in DotA 1 they had a super inconsistent season in the 6 months prior to TI2 (basically their 6.73 slump sowed the seeds of the Chuan/Zhou discontent that resulted in the team breaking up after TI3).
Moderator
nojok
Profile Joined May 2011
France15845 Posts
August 14 2016 04:01 GMT
#4319
On August 14 2016 13:00 youngminii wrote:
Show nested quote +
On August 14 2016 13:00 wims80 wrote:
On August 14 2016 12:58 nVme wrote:
On August 14 2016 12:54 Kipsate wrote:
On August 14 2016 12:53 nVme wrote:
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%?

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

I think it's more like they sponsor players and use the players fame to attract corporate sponsors to fund the organization, I believe that's how it is for reputable western orgs anyways

Org takes 20%.

Source?
"Back then teams that won were credited, now it's called throw. I think it's sad." - Kuroky - Flap Flap Wings!
TheTenthDoc
Profile Blog Joined February 2011
United States9561 Posts
August 14 2016 04:01 GMT
#4320
On August 14 2016 12:58 nVme wrote:
Show nested quote +
On August 14 2016 12:54 Kipsate wrote:
On August 14 2016 12:53 nVme wrote:
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%?

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


For some pro teams

Other pro teams are just people throwing away money or doing it for branding/sponsor reasons

Or, in the case of League of Legends, to sell spots in leagues to other people that want to...throw away money or for branding/sponsor reasons
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