Like Lyle said in the not too distant past it would have been a lot more.
Leo has probably been 1099' more than any trapshooter in history, and has had to file tax returns on trap for over 20 years plus.
A self employed trapshooter. 15.4% self employment tax, I'm sure IL is going to want state income tax, maybe even county or city tax. Add that all together and that will be over 20% right off the top. Then we come to Federal income tax. Who knows what bracket. After taxes he might have 3k left, still not bad, but not like it used to be.
Eric, I know they (some states) went after pro baseball and basketball players a few years ago. CA for examply was saying since 10% of baseball games were played in CA players from Chicago, NY, Boston, etal...should pay 10% or their income in tax to CA.
jerry if i remember correctly,an aaproximate estimate i came up with in 09 that was for everthing you might spend for the entire shoot was approximately 7 grand.that is gas shells food all entry fees & options motels. dwain
If you are self employed then there are many write off's you can do ok this has been a few years back but I paid a whole lot less taxes back in the late 1980's and late 1990's than I do know ok back in the 90's I had mileage and a lot more write offs ok with me I would choose the mileage I put on while working and it was good enough for me but if you wanted to go to the trouble then you can add a lot more if you done the itemized route.
I agree that with a lone 100 it should had paid at least 10 grand but I think now days are different from the past because no one plays the money anymore unless they are real lucky at Poker or anything else.
Im sure the big gun's are not making as much as in the past.
Ok all I know in the past I played it all just in case if I got lucky but back then even if you broke a 50 on the handicap's then you got your entry fee and option money almost back.
Lyle, wait until next year. I heard that there is a proposal on the table to increase payouts for events at next year's Grand. If that happens, I would bet a dime to a dollar that the complainers in Ohio and PA will STILL find some reason not to come here.
The dollar amount of purse and option entry money is the same as many years ago. A dollar then and now are very different. If you could still wager a day's wages to win a big payoff, more people would do it and more shooters would be attracted to trap.