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Discussion in 'Bankroll Management' started by Craps Poopshoot, Apr 5, 2016.
We can all breath now!
IRS backing away from $600 slot threshold
I just started getting my tax information together.....17 W2-G's to contend with. The IRS still screws with you by requiring that they be included on the income section, and losses only taken off with an itemized deduction. This puts some other deductions in a higher bracket.....costing me more than a little extra tax owed.
I think I am going to quit playing VP, with the extra tax I pay, I am probably really playing that 99% machine at about 97%.
Quarter play is preferred because of NO W2-g's when the royal hits, though quarter play is hardly sufficient for a VP pro to even survive on and the comps for that level of play is tiny tiny.
Yep, but the quarter machines sometimes do not have the very best pay schedules. Most of my W2-G's were on the fifty cent and dollar machines, and one on a progressive quarter machine.
My cash back at the casino I played at most of the time probably just covered my addition tax burden. They had a very generous cash back, and point incentive.
Kee-rist, It's been $1200 for the 45 years I've been in Nevada, I think. I say cut the amount by 50% when they give minimum wage workers a 50% raise. "Nuff said...I seem to be developing a REALLY bitter mindset towards our gov't and the big money concerns that pull their strings...
WELCOME INTO THE LIGHT!!!!!!!!