Yes, it is.
···
In vpFREE@yahoogroups.com, "King Fish" <vpkingfish@...> wrote:
Solopsism. It's not what you think it is.
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Bob Dancer's CasinoGaming Column - 30 OCT 2007
In the Seattle area one of the local indian casinos used to host a
"beat the taxman" night or something like that in their bingo hall
where all the games payed $1199. While they did not say explicitly no
taxes needed to be paid on the wins it was certainly suggested in
their promotion name.
···
--- In vpFREE@yahoogroups.com, "Curtis Rich" <LGTVegas@...> wrote:
I find it very hard to believe that any casino would post a sign stating
"non-taxable" on any gaming device. I'd like to know at which casinos
you have seen this and where the signs were placed.
--- In vpFREE@yahoogroups.com, "jackessiebabe" <jackessiebabe@...>
wrote:
Would you be kind enough to enlighten me, and any other students of
etymology who might be interested, as to the meaning of the word
solopsism?
I believe the correct spelling is solipsism
Per my Webster's...
1. the theory that only the self exists, or can be proven to exist
2. self-absorption
Don the Dentist
I believe the correct spelling is solipsism
Per my Webster's...
1. the theory that only the self exists, or can be proven to exist
2. self-absorptionDon the Dentist
My apologies...I see Brian already corrected the spelling...guess I
should read the entire thread before responding.
Don the Dentist
Who cares?? The implication is there, is it not?
Luke Fuller <kungalooosh@gmail.com> wrote: King Fish,
Would the respect from vpFREE members make it worth your while?
You said, "Some of those same casinos see no problem in having
signs that say things like '$1199 Royal! Non-taxable!'"
"Some of those same casinos" implies that you've seen these signs
in more than just one casino.
Hey, KF, I am with the others. I don't believe your statement is accurate.
In fact, it's highly inaccurate. Highly.
Luke
···
On 11/1/07, King Fish <vpkingfish@gmail.com> wrote:
>
> On 10/31/07, caribou_123 <caribou123@gmail.com> wrote:
> > Ditto, I'd be willing make a large wager that the sign does not say
> > "non taxable".
>
> How much?
>
> Make it worth my while, and I'll get a picture.
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__________________________________________________
Do You Yahoo!?
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[Non-text portions of this message have been removed]
Just wondering if anyone knows of any half-way decent to good VP that is in
Las Vegas, but NOT in a casino--i.e., in a bar, restaurant, gas station,
grocery store, etc.
What about "Gamblers Bonus" machines I see at a lot of those types of
places...anything come close to being playable?
Sometimes, I'd like to pass the time during the football game commercials
playing some VP. 
Anyway, feel free to email me privately if you don't feel like publishing
list-wide.
Cheers,
SoundMessage
Why not just do the majority of your gambling in Canada,
where gambling is non-taxable? There is a Harrah's there
now.
>
> I've the seen the $1199 signs which are basically
> bragging that you aren't going to get a W2G but I've
> never seen one that says non-taxable.The casinos know better than to do that.
They also "lure" you with a max 5-coin payoff of 239 on a $5
machine
where all other coin-ins are multiples of 50. They know you know
what
that means - just less than $1200.
The casinos play into your tolerance for risk that you'll take a
chance in not reporting those winnings. It has no correlation as
to
what you are actually obligated to report.
People assume tax risk in many careers. Some waiters report all
their
tips, some only report those that are documented on credit card
receipts and "lowball" the rest. They figure cash
isn't "traceable".
But your player's card keeps track of all coin in and out when the
card is inserted. So, there is a documented record of your play.
Some
systems internally list jackpots during play that are under $1200.
I can't advise anyone which risks to take. It's your personal
decision. Clearly, extreme risk-takers will push tax evasion to
the
···
--- In vpFREE@yahoogroups.com, "npf15251" <npf15251@...> wrote:
--- In vpFREE@yahoogroups.com, Wild Bill <wcimo@> wrote:
max.
--- In vpFREE@yahoogroups.com, "Machine Vision" <machine.vision@...>
wrote:
Why not just do the majority of your gambling in Canada,
where gambling is non-taxable?
Of course, you'd have to take up residency. The U.S. taxes "all"
income from "all" sources (and your individual state may also), so
even if you win it in another country - you gotta give Uncle Sam his
due. From the IRS website:
Foreign income. If you are a U.S. citizen or resident alien, you
must report income from sources outside the United States (foreign
income) on your tax return unless it is exempt by U.S. law. This is
true whether you reside inside or outside the United States and
whether or not you receive a Form W-2, Wage and Tax Statement, or
Form 1099 from the foreign payer. This applies to earned income
(such as wages and tips) as well as unearned income (such as
interest, dividends, capital gains, pensions, rents, and royalties).
If you reside outside the United States, you may be able to exclude
part or all of your foreign source earned income. For details, see
Publication 54, Tax Guide for U.S. Citizens and Resident Aliens
Abroad.
Neil Martin
--- In vpFREE@yahoogroups.com, "Machine Vision" <machine.vision@...> wrote:>> Why not just do the majority of your gambling in Canada,> where gambling is non-taxable?
You will need to deal with customs when you come across the border.
I am not sure what the threshold is for reporting winnings when you come across the border but it may be as low as $3000. Certainly anything over $10,000 will need to be reported.
http://office.microsoft.com/en-us/outlook/HA102225181033.aspx?pid=CL100626971033
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