Pius Heinz won’t pay any taxes on the $8.4 million he won in the World Series of Poker Main Event, according to the blog Taxable Talk.Heinz is German, so he benefits from a US-German tax treaty that exempts Germans from paying US taxes on gambling winnings.
In addition, Germany doesn’t tax winnings because gambling is consider a use of after-tax income
Other players weren’t so lucky.
Third-place finisher and American Ben Lamb will have to pay nearly 44% taxes on his $4 million prize.
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