Poker Champ Joe Hachem Wins Tax Break Too
In a development sure to make all professional poker players green with envy, Joe Hachem has learned that he does not have to pay income taxes on the money he won at the 2005 WSOP. Hachem took home $7.5 million for outlasting 5,600+ people in the main event of the World Series of Poker this year.
As the Lebanese-born Hachem officially resides in Australia, he is subject to their tax laws. According to the Australian Taxation Office…
Related Poker Players News:
- Joe Hachem Final Tables at APPT Macau
- Poker Stars signs 2005 WSOP Champ Joe Hachem
- Poker rivals spitting chips
- WSOP Champion Joe Hachem Sets Sights on New Zealand Poker Championships
- Defending champ Hachem finished at Poker Series
- Poker ace Joe Hachem wins $345,000
- Update: WSOP Champ Joe Hachem Eliminated From Aussie Millions Poker Tournament
- New Aussie Poker Champ in New Zealand
- Joe Hachem Keeps Poker Fortune Safe From The Taxman
- Joe Hachem wins $345,000 in first week of 2006 WSoP
- WSOP Champ Moving to US
- ESPN Suggests Poker Champ Joe Hachem as Potential All-SportsNation Team Member
Useful poker information:
- S&M - Sklansky & Malmuth. Generally refers to the ideas and algorithms published by these two authors. When used in a 7-card stud context, often refers to "7 Card Stud For Advanced Players", and when used in a Hold'em context, often refers to "Texas Hold'em For Advanced Players".
- OMAHA - A variant of Hold'em where each player receives 4 hole cards and must use exactly two of them (together with 3 of 5 board cards) to make a hand. Often played high-low split with an 8 qualifier for low.
- SIXTH STREET - The sixth card dealt in 7-card stud.
- PASSED OUT. - A hand in which nobody opens. What happens next is a function of the game being played.
- LOOSE - Playing more hands than the norm. Antonym: TIGHT.
- CHECK RAISE - To check initially, then raise a bet made later on in the same betting round. Frequently a sign of strength, but may be a bluff.
RSS feed
