Monday, December 22, 2003
Posted by Dr Fro 4:25 PM
There has been a lot of talk about this charity poker tournament, and I just might give it a whirl. Note that:
216 Players
$210.00 Fee
$45,360.00 Pot
$10,000.00 Grand Prize
$7,000.00 2nd-8th
$28,360.00 Profit to Charity
$131.30 Portion of fee to Charity
$78.70 Portion of fee to pot
So, you are giving away $131 to charity, which I imagine you could put on your schedule A deductions (assuming you itemize).
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Random thoughts from a lawyer, an accountant, a commodities trader, an ex-Marine and a WSOP Main Event money finisher that don't know as much as they wish they did...
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