WSOP Main Event Runner Up Felix Stephensen Faces $2.5 Mil Tax Bill
The Norwegian government is expected to come after 2014 World Series of Poker Main Event runner up Felix Stephensen for 50% of his WSOP winnings or $2.5 million.
Stephensen has resided in London, England for the past two years in hopes of escaping a tax bill. The UK does not tax gambling income.
But Norway sees things differently.
Not only will Stephensen face the average 27% tax rate of Norway, that Scandinavian nation considers poker players as self-employed and imposes an additional 23.4%.
PokerStrategy.com featured a breakdown of how each 2014 WSOP finalist made out with the taxman.
|
Player |
Pre-Tax Winnings |
Winnings after Expected Tax |
|---|---|---|
|
Martin Jacobson |
$10,000,000 |
$10,000,000 |
|
Felix Stephensen |
$5,147,911 |
$2,573,955 |
|
Jorryt Van Hoof |
$3,807,753 |
$3,807,753 |
|
William Tonking |
$2,849,763 |
$1,534,006 |
|
Billy Pappaconstantinou |
$2,143,794 |
$1,260,490 |
|
Andoni Larrabe |
$1,622,471 |
$1,622,471 |
|
Daniel Sindelar |
$1,236,084 |
$741,687 |
|
Bruno Politano |
$947,172 |
$663,020 |
|
Mark Newhouse |
$730,725 |
$406,558 |
|
Totals |
$28,485,673 |
$22,609,941 |
- Patrick Flanagan, Gambling911.com
