1st February 2005, 09:29 PM
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Member
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Join Date: Jan 1970
Posts: 4,415
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Quote:
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Originally Posted by Shaun
Filante said they turn over $80.000 a year, there is a big difference to making $80.000 a year and turning that much over.....if working on a 20% turn over profit...and that is an extream that still only amounts to $16.000....not to many retire on that amount.
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That's $16000 per annum tax free level stakes betting.
If he only increases his bet only each time his bank doubles in size (roughly twice a year) that equates to a lot more than $16,000. It's a very nice living tax free with a pretty good pay increase each year. |