Trueyou can deduct the tax from your gross …
Taxpayers also have this option, which is typically the better option to take.… not from what you owe in us tax.
Trueyou can deduct the tax from your gross …
Taxpayers also have this option, which is typically the better option to take.… not from what you owe in us tax.
If he didn't need the money, he would have gone fishing instead of playing in Denver.Maybe he doesn't need the money.
Maybe he likes Denver better than China.If he didn't need the money, he would have gone fishing instead of playing in Denver.
Plus he got to spend several more days on the lake fishing instead of on a plane!Accounting issues aside, it's probably both the weaker field and the dramatically lower expenses. He was essentially guaranteed a top-2 finish in Denver, which, including the calcutta payout, was probably at least the same expected return as he'd get in China...without the long, expensive flight, extended hotel stay, and all the hassle of getting to the other side of the planet and dealing with time zone shifts, navigating a bustling country that speaks a foreign language, etc.
I don't blame him one bit. Bonus points because I happened to be in Denver at the time and got to watch him (and have to explain to my family why the best American player of all time, and arguably the greatest pool player of all time was playing in a strip mall pizza joint in Aurora. No really, guys).
He played in Denver and got to do both of the things he loves to do!If he didn't need the money, he would have gone fishing instead of playing in Denver.
Why does he even have to say anything? Fans are not owed an explanation for everything he does or doesn't do.He should just say that then, not make shit up that’s obviously wrong to anyone with a brain.
I don’t disagree with you, but he’s the one who decided to respond.Why does he even have to say anything? Fans are not owed an explanation for everything he does or doesn't do.
YesDo we think US Open Barry pocketed the tax money he was “withholding” from foreign payees?
It was pretty tough. He ran into Vogel and Gomez who were both shooting very well.Fedor and SVB both played the one pocket at Texas Open. Fedor left for China Open and won. SVB played the 9 ball at skinny bobs where he finished 9th-12th. Maybe the field was stronger in the Texas Open? Hmmm
There's probably some truth to this. I'd imagine he did go fishing around Denver if he had time.Fishing guides too expensive in China.
Agree 100000%. Its amazing how many people feel they have to be amateur 'press detectives' who have to rate everything the guy says. Is it that important to them?? Bottom line is the guy has played a LOT lately and not going the land of rice-n-knockoffs sounds like a good move to me. Go to Denver then hit the lake. Nice gig sounds like to me.Why does he even have to say anything? Fans are not owed an explanation for everything he does or doesn't do.
Why did the chicken cross the basketball court? He heard the ref was blowin' fouls.Why did the chicken cross the road?
you pay tax on your net profit.True
Taxpayers also have this option, which is typically the better option to take.
Clearly SVB is not the only person unfamiliar with US tax laws. See here, here, and/or here. From the IRS:you pay tax on your net profit.
gross minus all deductible costs.
- A credit reduces your actual U.S. income tax on a dollar-for-dollar basis, while a deduction reduces only your income subject to tax,
- You can choose to take the foreign tax credit even if you do not itemize your deductions. You then are allowed the standard deduction in addition to the credit, and
- If you choose to take the foreign tax credit, and the taxes paid or accrued exceed the credit limit for the tax year, you may be able to carry over or carry back the excess to another tax year.