Joe Hachem on being a pro

irish in oz

Joe Hachem did a soft interview here on Melbourne local AM radio.

2 things he said that interested me, firstly he said he does not make a profit from poker, he expects to cash only 1 in 10 times he plays. He makes his living now through indorsments from Stars, Wild Turkey and The Crown Casino.

Of course he didnt mention cash, but the best thing about Oz is there is no tax on gambling....nice

And he said he was taxed 30% of his WSOP win immediately by the US Gov, and that Oz and the US have no agreement where he can make some arrangement on expences etc while playing there.

I played on the same table as him recently in The Crown, seems an alright bloke, course he couldnt make a bet without someone going all over him.

Still, I'd like his job.

IIO

YULETIRED

the last sounds he'll hear on this green earth will be himself saying Aussie, Aussie, Aussie, the click and cocking of a Magnum, 3 loud bangs and the words. .....die, die die....... ....I'm an Amateur Soothsayer....

big_iain

Thinking ahead when i win the worlds series ME next year, does anyone know if Ireland has a tax treaty with the US. Or do we get done over as well?

I heard there are expensive lawyers who specialize in this.


Perhaps, somebody could enlighten me.

CHD

Don't worry too much about it

bohsman

big_iain wrote: »

Thinking ahead when i win the worlds series ME next year, does anyone know if Ireland has a tax treaty with the US. Or do we get done over as well?

I heard there are expensive lawyers who specialize in this.


Perhaps, somebody could enlighten me.

There is an agreement with Ireland, you will get it back.

As for Hachem, if hes losing it doesnt matter that gambling is tax free.

valor

We dont have to pay anything, they dont even withhold it, you get the full amount immediately

oleras

big_iain wrote: »

Thinking ahead when i win the worlds series ME next year, does anyone know if Ireland has a tax treaty with the US. Or do we get done over as well?

I heard there are expensive lawyers who specialize in this.


Perhaps, somebody could enlighten me.

Many insiders are aware of the 30% tax on gross winnings of non-resident aliens that is imposed according to U.S. tax laws. There is some good news here, however. A close examination of the various tax treaties has revealed that a total of at least fifteen countries are exempt from the normal 30% withholding required by tax codes. Tax treaties supersede tax code. This means that residents of these countries will avoid all tax burden from any form of gaming while in the United States merely by requesting treaty exemption on form 1001. A passport may be requested for verification of residence.
The updates list of countries for which this option is available:

Czech Republic
Denmark
Finland
France
Germany
Hungary
Italy
Liechtenstein
Malta
Netherlands
Russia
Slovenia
Spain
Tunisia
United Kingdom

Not sure how accurate this is.

Jesus Wept

Hachem is a whiney fúck.

Also, people who somehow pronounce his name Hatch-em should be put down.