betrthanphil;302998 wroteMinor detail about the 30% witholding tax if I make less than $80000. Usually the people take about 10% of the 30% so that will come out of profit. For example....I cash for $10,000 30% is $3000. They will take $300 so Id only get $2700 back. So everyones % would be based off of $9700 in winnings.
Nice to see someone taking this into account with their net distributions! BTW, where did you get the $80k figure from?