On July 17 2011 09:38 Wolvmatt. wrote:
I know the US taxes earnings made in a foreign country. Does Canada do the same?

Also, does anybody know if he bought action?

Canada doesn't have that what i heard. Kiwi bought any action? i don't know but 50% of his was bought.

xavierofsparta

United States84 Posts

July 17 2011 00:51 GMT

#742

On July 17 2011 09:38 Wolvmatt. wrote:
I know the US taxes earnings made in a foreign country. Does Canada do the same?

Also, does anybody know if he bought action?

That is only half true. Up to $50k is not taxed, after that it is. An example of this, I made under that while working in Japan for 2 years and I did not have to pay taxes on it.

Edit: And I think the country you do make the money in has to have an agreement with the US, ie like Japan does with the US.

Zlasher

United States9129 Posts

July 17 2011 00:53 GMT

#743

Well like I said I'm a Joseph Cheong fan, he's around avg stack or so but I'd love to see him do well, especially with DN and Kiwi out.

.Enigma.

Sweden1461 Posts

July 17 2011 01:00 GMT

#744

Wishawana, this isn't no turbo sit 'n go and the blinds weren't even THAT high.

ThaZenith

Canada3116 Posts

July 17 2011 01:18 GMT

#745

Kiwi is a baller, quite the payday, and man, 5 days of poker in a row without busting just sounds impossible to me. I'd be lucky to go an hour. >.>

Alaron

United States225 Posts

July 17 2011 02:00 GMT

#746

On July 17 2011 10:18 ThaZenith wrote:
Kiwi is a baller, quite the payday, and man, 5 days of poker in a row without busting just sounds impossible to me. I'd be lucky to go an hour. >.>

Everyone does. The amount of times pros finish in the money in tournaments is nowhere near the amount they enter. The thing is the tournaments they do finish with a prize pool situation, they place high to receive a bigger payday.

phantem

United States163 Posts

July 17 2011 02:28 GMT

#747

haha kiwi placed one higher than daniel negreanu

too bad he's out, only person left is frinkx

AltaiR_

Korea (South)922 Posts

July 17 2011 02:28 GMT

#748

Wow. Can't believe Kiwikaki got so far. Another high leaguer in a different game, MTG player Gabriel Nassif got hella far too.

Shai

Canada806 Posts

July 17 2011 03:09 GMT

#749

We don't pay taxes on gambling winnings in Canada, as well as prizes.

SwEEt[TearS]

Canada1575 Posts

July 17 2011 03:35 GMT

#750

On July 17 2011 12:09 Shai wrote:
We don't pay taxes on gambling winnings in Canada, as well as prizes.

if it's your main income you do. duhamel had to give up like 55% of his winnings between US tax and Canadian tax

http://www.virtuacasinos.com/Jonathan-Duhamel-Taxed-At-Over-45-Of-His-WSOP-Money-Prize.htm

Eufouria

United Kingdom4425 Posts

July 17 2011 03:36 GMT

#751

It was pre-flop so it could have easily been different and then Kiwikaki would have been in a strong position going into the next day. Still poker is poker. Kiwi will understand and there are definitely more painful ways to be eliminated.

DystopiaX

United States16236 Posts

July 17 2011 05:23 GMT

#752

Another Elky mention, wasn't really paying attention so I missed the context I just heard him mention his name right before they went back to commercial.

wongfeihung

United States763 Posts

July 17 2011 05:26 GMT

#753

Just tuned in and... is that Phil Helmuth commentating?!

DystopiaX

United States16236 Posts

July 17 2011 05:30 GMT

#754

On July 17 2011 14:26 wongfeihung wrote:
Just tuned in and... is that Phil Helmuth commentating?!

Yeah it is. He got knocked out earlier and is commentating now.

BG1