Sunday, July 10, 2005
Posted by Johnnymac 7:43 PM
The post with the shares of Padilla is here.
Remember, this is a share of 10% of anything he wins over $20,000 after withholdings for taxes. For example, if he wins $100,000, Uncle Sam will keep $35,000 and Padilla keeps the first $20,000 of the $65,000 that's left and he shares 10% of the remaning $45,000, which is $4,500. So every non-winning seat in the first round gets 1% of that, which is $45, and every winning seat in the first round gets $450.
I think that's right.
2 Comment(s):
Posted by
Dr Fro, at 8:06 PM, July 10, 2005
I dont think that is right.
1% of $45,000 is $450 to the 9 finalists.
The other players get .011% or which is $5.
MP 1 * 90% * $45,000 +
finalists 9 * 1% * $45,000 +
others 90* .011%* $45,000 +
= $45,000
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Posted by
oops
you're right
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