Buy A Piece of Matt The Rat

[Matt The Rat]

Being from Canada anything I win over $5000 in the US the casinos automatically withhold 30% off the top.

If I won $100k and paid on the gross amount won and I sold 50% I would have to pay out $50k and I would only get $20k for my 50%.

There is a process for me to get the taxes withheld back but it does take up to 1 year and is not guaranteed but usually works. Any taxes I get back I would then pay out investors their percent of that money at the time I get that money back. Being from Canada all gambling winnings are tax free for me but your Uncle Sam wants his cut.

Hope this makes sense.

Thanks for the explanation Matt. I'm going to pass for now, but wish you the best of luck buddy! TID!!!

NP. Thanks. I will be up against Todd will be interesting if we end up at the same table.