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Topic	If gambling winnings are taxable, then the return rate is really low.....
wolfy42 01/15/20 3:39:17 PM #12:	Ogurisama posted... If you only ever win small amounts you can get away with never reporting it. But large amounts, to cash out you need to go through a bunch of paperwork at a cash desk in the casino. Yeah, so any kind of jackpot etc, and boom your taxed, probably 30%+ and maybe state taxes as well in some states (no clue). I only ever played nickle slots back in the day in vegas etc, and the jackpots were usually $200 or so (some where like $400), so you never had to declare them. --- Agatha "Your naked and they are nuns, it's not your eyes they're not looking at." Glowing Elephant "Stonehedge was a sex thing." <cite>wolfy42 posted [p:932974903] in If gamblin... [t:78332145]...</cite> <quote>Ogurisama posted... </cite> <quote>If you only ever win small amounts you can get away with never reporting it. But large amounts, to cash out you need to go through a bunch of paperwork at a cash desk in the casino.</quote> Yeah, so any kind of jackpot etc, and boom your taxed, probably 30%+ and maybe state taxes as well in some states (no clue). I only ever played nickle slots back in the day in vegas etc, and the jackpots were usually $200 or so (some where like $400), so you never had to declare them. --- Agatha "Your naked and they are nuns, it's not your eyes they're not looking at." Glowing Elephant "Stonehedge was a sex thing."</quote> ... Copied to Clipboard!
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