vpFREE2 Forums

$1,199 versus $1,200 on paytables

#1

In normal circumstances, Michigan does not withhold taxes at the time of
jackpot payment, but residents cannot offset wins with any losses.

- Brian in MI

···

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ken.kirschner writes:

I know it is true in Mississippi. I'm pretty sure there are other states as
well, but I cannot say for certain.

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#2

Okay. So, now I know of *one* state that I will not gamble in.

If there are any other states that either 1) withhold tax at the
time of the jackpot; or 2) do not allow offsetting wins with
losses; or both - I will NOT play in any of those states.

It is giving up way too much (like throwing away money).
Especially, when there are plenty of other places to gamble!

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On 2/8/09, Marksalot300@aol.com <Marksalot300@aol.com> wrote:

In normal circumstances, Michigan does not withhold taxes at the time of
jackpot payment, but residents cannot offset wins with any losses.
  - Brian in MI
____________________________________

ken.kirschner writes:
I know it is true in Mississippi. I'm pretty sure there are other
states as
well, but I cannot say for certain.
____________________________________

Ken Kirschner wrote:
Some states have jackpot taxes that are paid at the time of the
jackpot and cannot be offset by losses.

[Non-text portions of this message have been removed]

#3

Illinois does not withhold any taxes, but they do not allow loses to
offset wins.

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--- In vpFREE@yahoogroups.com, Curtis Rich <LGTVegas@...> wrote:

Okay. So, now I know of *one* state that I will not gamble in.

If there are any other states that either 1) withhold tax at the
time of the jackpot; or 2) do not allow offsetting wins with
losses; or both - I will NOT play in any of those states.