What a Deal: Poker Champ Pays No Taxes on $8.7 Million

Via Survival

There's Herman Cain's 9-9-9 Plan. There's the Buffett Rule.

But of all the tax plans we've heard lately, Pius Heinz's All for Me deal is our favorite.

Heinz is the German ace who recently won the World Series of Poker in Las Vegas, earning $8,715,636 -- tax-free.

Under the U.S.-Germany Tax Treaty, Germans' gambling income earned on U.S. soil isn't taxed by the IRS, reports Taxabletalk.com. Back in Germany, gambling winnings are also tax-exempt. So Heinz won't have to ante up one penny to any government, while most of his competition is paying a full house or more.

"All power to him," Taxable Talk author Russell Fox told DailyFinance.

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