When I'm looking for WSOP 2012 results payout structure, why some players paid taxes and some of them doesn't? Is their goverment getting this money from them? Is it about being illegal in their country?
Let's say you are playing in the WSOP Main Event, and the bubble bursts and you're one of the first people to be knocked out. You go collect your prize of $19,106, how are taxes factored into this? Are you able to declare your buy-in as deductible…