The World Series of Poker has become big business. So big, in fact, that the nine finalists all paid six-figure taxes on their winnings . .. and the poor slob who won paid $6.6 million (thanks to a near-confiscatory Dutch tax rate of 72.8%). Summary:
1. Peter Eastgate (Denmark) won $9,152,416 — $6,660,545 Dutch tax (72.8% rate)
2. Ivan Demidov (Russia) won $5,809,595 — $755,247 Russian tax (13.0% rate)
3. Dennis Phillips (IL) won $4,517,773 — $1,568,950 federal tax, $135,533 state tax (37.7% rate)
4. Ylon Schwartz (NY) won $3,774,974 — $1,396,304 federal tax, $387,966 state tax (47.3% rate)
5. Scott Montgomery (Canada) won $3,096,768 — $929,030 withholding tax (30.0% rate)
6. Darus Suharto (Toronto) won $2,418,562 — $725,569 withholding tax (30.0% rate)
7. David Rheem (CA) won $1,772,650 — $651,262 federal tax, $170,302 state tax (46.3% rate)
8. Kelly Kim (CA) won $1,288,217 — $470,995 federal tax, $121,074 state tax (46.0% rate)
9. Craig Marquis (TX) won $900,670 — $328,911 federal tax (36.5% rate)
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