vpFREE2 Forums

DIAD (long and probably too much info for most)

#1

I do not understand why so many people fear W2G's. The more the better and the more jackpots the better. Isn't that really the name of the game in video poker?

More concerning to me would be playing for points & slot club status than playing for as many W2G's as possible.

···

----- Reply message -----
From: "carolm60656" <karolam@comcast.net>

I really like the Horseshoe and probably will be mid diamond by years end. I have to be careful about W-2's. On social security and husband pension and I do not want to have to pay extra for medicare,real estate taxes, etc. And since I am from Illinois, Indiana takes out almost 4 percent tax that I do not see as I am not a professional gambler and cannot file as such. In total I had few 4/kinds and no 4 deuces. Lost about $800 but 2 years ago won a total of $14,000 w2's which put us over the limit for some real estate exemptions.

#2

Probably because of a little thing called reality, with which you have
little acquaintance.

TC

···

On Sat, Feb 18, 2012 at 3:59 PM, rob.singer1111@yahoo.com < rob.singer1111@yahoo.com> wrote:

**

I do not understand why so many people fear W2G's. The more the better and
the more jackpots the better. Isn't that really the name of the game in
video poker?

----- Reply message -----
From: "carolm60656" <karolam@comcast.net>

I really like the Horseshoe and probably will be mid diamond by years end.
I have to be careful about W-2's. On social security and husband pension
and I do not want to have to pay extra for medicare,real estate taxes, etc.
And since I am from Illinois, Indiana takes out almost 4 percent tax that I
do not see as I am not a professional gambler and cannot file as such. In
total I had few 4/kinds and no 4 deuces. Lost about $800 but 2 years ago
won a total of $14,000 w2's which put us over the limit for some real
estate exemptions.

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

#3

Rob,

Everyone has different circumstances. As a senior, you have a fixed income, and many senior benefits will vanish with too many W2s.

As an example for you, some seniors play a lower denomination and/or J/B and deuces so there is a less chance of accumulating lots of W2s.
Of course I love jackpots who doesn't but I have to be careful in my situation with medicare, etc.

To each his own Rob, I tried my best to explain the reality.
Carol

···

--- In vpFREE@yahoogroups.com, "rob.singer1111@yahoo.com" <rob.singer1111@...> wrote:

I do not understand why so many people fear W2G's. The more the better and the more jackpots the better. Isn't that really the name of the game in video poker?

More concerning to me would be playing for points & slot club status than playing for as many W2G's as possible.

----- Reply message -----
From: "carolm60656" <karolam@...>

I really like the Horseshoe and probably will be mid diamond by years end. I have to be careful about W-2's. On social security and husband pension and I do not want to have to pay extra for medicare,real estate taxes, etc. And since I am from Illinois, Indiana takes out almost 4 percent tax that I do not see as I am not a professional gambler and cannot file as such. In total I had few 4/kinds and no 4 deuces. Lost about $800 but 2 years ago won a total of $14,000 w2's which put us over the limit for some real estate exemptions.

#4

There is no need to talk down on someone Tabbycat. Rob has played more than most people on this board and probably knows the tax implications as well as the rest of us. People need to realize that if you dont want W2s than you need play 25 cent(non progressive) or lower to avoid them. If someones goal is make DIAD or be at the diamond level playing low denomination poker with poor pay table options than be prepared to play a long time. If getting those comps outweighs the tax hassle on higher denom machines than so be it. I think people should be more worried about the poor tables that are shown in many of the pics. In the long run that will cost someone more than tax write offs and comps(if they play enough.) Harrahs properties in Vegas have some pretty bad poker but people would rather lose money and get their free room. I know other CE properties have decent poker in other parts of the country so that's a different story.

···

--- In vpFREE@yahoogroups.com, Tabby Cat <tabbycat@...> wrote:

Probably because of a little thing called reality, with which you have
little acquaintance.

rob.singer1111@...> wrote:

> I do not understand why so many people fear W2G's. The more the better and
> the more jackpots the better. Isn't that really the name of the game in
> video poker?

#5

IN actually 3.4% but being from IL you will then effectively pay another
1.6% to IL.
Also in IL that can have the effect of eliminating the "circuit breaker" for
prescription drugs as well as real estate tax.

···

-----Original Message-----
From: vpFREE@yahoogroups.com [mailto:vpF…@…com] On Behalf Of
Tabby Cat
Sent: Saturday, February 18, 2012 9:27 PM
To: vpFREE@yahoogroups.com
Subject: Re: [vpFREE] DIAD (long and probably too much info for most)

Probably because of a little thing called reality, with which you have
little acquaintance.

TC

On Sat, Feb 18, 2012 at 3:59 PM, rob.singer1111@yahoo.com < rob.singer1111@yahoo.com> wrote:

**

I do not understand why so many people fear W2G's. The more the better
and the more jackpots the better. Isn't that really the name of the
game in video poker?

----- Reply message -----
From: "carolm60656" <karolam@comcast.net>

I really like the Horseshoe and probably will be mid diamond by years end.
I have to be careful about W-2's. On social security and husband
pension and I do not want to have to pay extra for medicare,real estate

taxes, etc.

And since I am from Illinois, Indiana takes out almost 4 percent tax
that I do not see as I am not a professional gambler and cannot file
as such. In total I had few 4/kinds and no 4 deuces. Lost about $800
but 2 years ago won a total of $14,000 w2's which put us over the
limit for some real estate exemptions.

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

------------------------------------

vpFREE Links: http://www.west-point.org/users/usma1955/20228/V/Links.htm

Yahoo! Groups Links

#6

Dealt,

I just explained to Rob a short time ago how W-2s raise your AGI and can cause a lot of financial pain for many people. Rob admitted he did know anything about the tax implications of W-2s, but here he is again making the same idiotic statement.

The poster explained she was playing APDW a very high EV game and avoiding W-2s. She obviously knows what she is doing unlike Rob.

Chris

···

--- In vpFREE@yahoogroups.com, "dealt4oak" <dealt4oak@...> wrote:

There is no need to talk down on someone Tabbycat. Rob has played more than most people on this board and probably knows the tax implications as well as the rest of us. People need to realize that if you dont want W2s than you need play 25 cent(non progressive) or lower to avoid them. If someones goal is make DIAD or be at the diamond level playing low denomination poker with poor pay table options than be prepared to play a long time. If getting those comps outweighs the tax hassle on higher denom machines than so be it. I think people should be more worried about the poor tables that are shown in many of the pics. In the long run that will cost someone more than tax write offs and comps(if they play enough.) Harrahs properties in Vegas have some pretty bad poker but people would rather lose money and get their free room. I know other CE properties have decent poker in other parts of the country so that's a different story.

--- In vpFREE@yahoogroups.com, Tabby Cat <tabbycat@> wrote:
>
> Probably because of a little thing called reality, with which you have
> little acquaintance.

> rob.singer1111@> wrote:

> > I do not understand why so many people fear W2G's. The more the better and
> > the more jackpots the better. Isn't that really the name of the game in
> > video poker?

#7

I haven't filed a W2g forever and I've never been audited because of it. You people worry too much about being audited. Take my route and never report your winnings.

···

--- In vpFREE@yahoogroups.com, "rob.singer1111@yahoo.com" <rob.singer1111@...> wrote:

I do not understand why so many people fear W2G's. The more the better and the more jackpots the better. Isn't that really the name of the game in video poker?

More concerning to me would be playing for points & slot club status than playing for as many W2G's as possible.

----- Reply message -----
From: "carolm60656" <karolam@...>

I really like the Horseshoe and probably will be mid diamond by years end. I have to be careful about W-2's. On social security and husband pension and I do not want to have to pay extra for medicare,real estate taxes, etc. And since I am from Illinois, Indiana takes out almost 4 percent tax that I do not see as I am not a professional gambler and cannot file as such. In total I had few 4/kinds and no 4 deuces. Lost about $800 but 2 years ago won a total of $14,000 w2's which put us over the limit for some real estate exemptions.

#8

hey rob how are you doing? I never have reported anything, and haven't been audited yet. I haven't filed a tax return since 1984 and have never been caught. They only catch you when you do file!

···

--- In vpFREE@yahoogroups.com, "kcace1024" <cy4873@...> wrote:

Dealt,

I just explained to Rob a short time ago how W-2s raise your AGI and can cause a lot of financial pain for many people. Rob admitted he did know anything about the tax implications of W-2s, but here he is again making the same idiotic statement.

The poster explained she was playing APDW a very high EV game and avoiding W-2s. She obviously knows what she is doing unlike Rob.

Chris

--- In vpFREE@yahoogroups.com, "dealt4oak" <dealt4oak@> wrote:
>
> There is no need to talk down on someone Tabbycat. Rob has played more than most people on this board and probably knows the tax implications as well as the rest of us. People need to realize that if you dont want W2s than you need play 25 cent(non progressive) or lower to avoid them. If someones goal is make DIAD or be at the diamond level playing low denomination poker with poor pay table options than be prepared to play a long time. If getting those comps outweighs the tax hassle on higher denom machines than so be it. I think people should be more worried about the poor tables that are shown in many of the pics. In the long run that will cost someone more than tax write offs and comps(if they play enough.) Harrahs properties in Vegas have some pretty bad poker but people would rather lose money and get their free room. I know other CE properties have decent poker in other parts of the country so that's a different story.
>
>
> --- In vpFREE@yahoogroups.com, Tabby Cat <tabbycat@> wrote:
> >
> > Probably because of a little thing called reality, with which you have
> > little acquaintance.
>
>
> > rob.singer1111@> wrote:
>
> > > I do not understand why so many people fear W2G's. The more the better and
> > > the more jackpots the better. Isn't that really the name of the game in
> > > video poker?
>

#9

You may not have reported the W2G's but the IRS has them from the casinos. You may be on thin ice.

···

--- In vpFREE@yahoogroups.com, "Robert" <stuckinvegas@...> wrote:

--- In vpFREE@yahoogroups.com, "rob.singer1111@..." <rob.singer1111@> wrote:
>
> I do not understand why so many people fear W2G's. The more the better and the more jackpots the better. Isn't that really the name of the game in video poker?
>
> More concerning to me would be playing for points & slot club status than playing for as many W2G's as possible.
>
>
> ----- Reply message -----
> From: "carolm60656" <karolam@>
>
> I really like the Horseshoe and probably will be mid diamond by years end. I have to be careful about W-2's. On social security and husband pension and I do not want to have to pay extra for medicare,real estate taxes, etc. And since I am from Illinois, Indiana takes out almost 4 percent tax that I do not see as I am not a professional gambler and cannot file as such. In total I had few 4/kinds and no 4 deuces. Lost about $800 but 2 years ago won a total of $14,000 w2's which put us over the limit for some real estate exemptions.
>
I haven't filed a W2g forever and I've never been audited because of it. You people worry too much about being audited. Take my route and never report your winnings.

#10

A true gambler. I hope you don't get caught. I wouldn't do it, because I don't like the taste of bologna and am honest.

···

hey rob how are you doing? I never have reported anything, and haven't been audited yet. I haven't filed a tax return since 1984 and have never been caught. They only catch you when you do file!

#11

Sound like a true Democrat, let others pay.

···

>
hey rob how are you doing? I never have reported anything, and haven't been audited yet. I haven't filed a tax return since 1984 and have never been caught. They only catch you when you do file!

#12

Any small hit over that produces a W2G is lost on state taxes. And I had learned last year, in some cities, there is tax on gambling wins.
That is why some of us avoid them.

···

--- In vpFREE@yahoogroups.com, "carolm60656" <carolm60656@...> wrote:

Rob,

Everyone has different circumstances. As a senior, you have a fixed income, and many senior benefits will vanish with too many W2s.

As an example for you, some seniors play a lower denomination and/or J/B and deuces so there is a less chance of accumulating lots of W2s.
Of course I love jackpots who doesn't but I have to be careful in my situation with medicare, etc.

To each his own Rob, I tried my best to explain the reality.
Carol

#13

Isn't this site supposed to stay away from blatant political statements?

···

To: vpFREE@yahoogroups.com
From: dianalnagy@aol.com
Date: Mon, 20 Feb 2012 15:13:44 +0000
Subject: [vpFREE] Re: DIAD (long and probably too much info for most)

      Sound like a true Democrat, let others pay.

>

hey rob how are you doing? I never have reported anything, and haven't been audited yet. I haven't filed a tax return since 1984 and have never been caught. They only catch you when you do file!

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

#14

Sound like a true Democrat, let others pay.

peter boyd replied:

Isn't this site supposed to stay away from blatant political statements?

Yes, but it happens occasionally, and they're not allowed to become
extended threads.

It's always appreciated if members refrain from extending a political
thread after there's been one contrary response.

FREEvpFREE is available for political comments/discussions.

vpFREE Administrator

#15

Ok, change the thought, sounds like a true axxhole.

···

On Mon, Feb 20, 2012 at 10:22 AM, peter boyd <boyd_peter@hotmail.com> wrote:

Isn't this site supposed to stay away from blatant political statements?

To: vpFREE@yahoogroups.com
From: dianalnagy@aol.com
Date: Mon, 20 Feb 2012 15:13:44 +0000
Subject: [vpFREE] Re: DIAD (long and probably too much info for most)

     Sound like a true Democrat, let others pay.

> >

> hey rob how are you doing? I never have reported anything, and haven't
been audited yet. I haven't filed a tax return since 1984 and have never
been caught. They only catch you when you do file!

>

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

------------------------------------

vpFREE Links: http://www.west-point.org/users/usma1955/20228/V/Links.htm

Yahoo! Groups Links

--
Jack

Tips to keep private email addresses out of the hands of spammers:
1. Avoid giving your or anyone else's email address to any web site.
2. Instead of forwarding email, cut and paste the text or edit to remove
addresses.
3. For group emails, use the "bcc:" (Blind Carbon Copy) field instead of
"to:".
(Put your own address or a fake address in the "to:" field).
4. Want to do more? Attach this text as a custom signature to the bottom of
all your outgoing email.

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

#16

I have discovered that you live in Illinois you will pay 5% tax on your W2G and there is no offset for losses. Also, if you are over 65 and get a high dollar amount of W2G forms you incur an increase in both your medicare and medicare RX costs. We are now playing quarters - deuces wild.

Mike

To: vpFREE@yahoogroups.com
From: stuckinvegas@yahoo.com
Date: Mon, 20 Feb 2012 05:20:52 +0000
Subject: [vpFREE] Re: DIAD (long and probably too much info for most)

>
> Dealt,
>
> I just explained to Rob a short time ago how W-2s raise your AGI and can cause a lot of financial pain for many people. Rob admitted he did know anything about the tax implications of W-2s, but here he is again making the same idiotic statement.
>
> The poster explained she was playing APDW a very high EV game and avoiding W-2s. She obviously knows what she is doing unlike Rob.
>
> Chris
>
> >
> > There is no need to talk down on someone Tabbycat. Rob has played more than most people on this board and probably knows the tax implications as well as the rest of us. People need to realize that if you dont want W2s than you need play 25 cent(non progressive) or lower to avoid them. If someones goal is make DIAD or be at the diamond level playing low denomination poker with poor pay table options than be prepared to play a long time. If getting those comps outweighs the tax hassle on higher denom machines than so be it. I think people should be more worried about the poor tables that are shown in many of the pics. In the long run that will cost someone more than tax write offs and comps(if they play enough.) Harrahs properties in Vegas have some pretty bad poker but people would rather lose money and get their free room. I know other CE properties have decent poker in other parts of the country so that's a different story.
> >
> >
> > >
> > > Probably because of a little thing called reality, with which you have
> > > little acquaintance.
> >
> >
> > > rob.singer1111@> wrote:
> >
> > > > I do not understand why so many people fear W2G's. The more the better and
> > > > the more jackpots the better. Isn't that really the name of the game in
> > > > video poker?
> >
>
hey rob how are you doing? I never have reported anything, and haven't been audited yet. I haven't filed a tax return since 1984 and have never been caught. They only catch you when you do file!

------------------------------------

vpFREE Links: http://www.west-point.org/users/usma1955/20228/V/Links.htm

Yahoo! Groups Links

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

···

--- In vpFREE@yahoogroups.com, "kcace1024" <cy4873@...> wrote:
> --- In vpFREE@yahoogroups.com, "dealt4oak" <dealt4oak@> wrote:
> > --- In vpFREE@yahoogroups.com, Tabby Cat <tabbycat@> wrote:

#17

Years ago ,Bob Dancer wrote about neighbors who were multi millionaires but only played quarters because they love the game of VP and didn't want to become involved with W-2 G's and the IRS.
  I recently turned 65 and saw my SS benefits drop in spite of the recent cola increase, due to a higher AGI caused by my casino W2G's. As a result, and because of an evaluation of exactly the worth of the extra comps for dollar play, I am thinking of going back to quarter play.

Larry F.

···

--- In vpFREE@yahoogroups.com, "carolm60656" <carolm60656@...> wrote:

Rob,

Everyone has different circumstances. As a senior, you have a fixed income, and many senior benefits will vanish with too many W2s.

As an example for you, some seniors play a lower denomination and/or J/B and deuces so there is a less chance of accumulating lots of W2s.

#18

Yep....but some people just can't resist, separating the parties even further.

···

--- On Mon, 2/20/12, peter boyd <boyd_peter@hotmail.com> wrote:

From: peter boyd <boyd_peter@hotmail.com>
Subject: [vpFREE] Once again, political statements. . .
To: vpfree@yahoogroups.com
Date: Monday, February 20, 2012, 3:22 PM

Isn't this site supposed to stay away from blatant political statements?

To: vpFREE@yahoogroups.com
From: dianalnagy@aol.com
Date: Mon, 20 Feb 2012 15:13:44 +0000
Subject: [vpFREE] Re: DIAD (long and probably too much info for most)

  Sound like a true Democrat, let others pay\.

>

hey rob how are you doing? I never have reported anything, and haven't been audited yet. I haven't filed a tax return since 1984 and have never been caught. They only catch you when you do file!

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

------------------------------------

vpFREE Links: http://www.west-point.org/users/usma1955/20228/V/Links.htm

Yahoo! Groups Links

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

#19

I haven't filed a W2g forever and I've never been audited because of it. You people worry too much about being audited. Take my route and never report your winnings.

Being audited is not the point. Your criminal activity is the point.

#20

Oh, I suspect they have "caught" you ... and have been figuring your taxes year after year for you with the most adverse means possible. The reason you haven't heard from them is they are finding REFUNDS, which you have been forfeiting by not filing. Hmmm, I wonder how much that might add up to over 27 years? Don't forget to add for legitimate deductions that you could have claimed.

Once you retire and employer withholding ends, the situation could change dramatically unless you have withholding coming from other sources. When they DO find you OWE (based on reportable income), they will be in touch with customary penalties and interest.

This might also start the audit-ball rolling and where that stops nobody knows (up to statute of limitations).

Of course I could be wrong ...

···

--- In vpFREE@yahoogroups.com, "GilbertA" <gilrus47@...> wrote:

You may not have reported the W2G's but the IRS has them from the casinos. You may be on thin ice.

--- In vpFREE@yahoogroups.com, "Robert" <stuckinvegas@> wrote:
>
>
>
> --- In vpFREE@yahoogroups.com, "rob.singer1111@" <rob.singer1111@> wrote:
> >
> > I do not understand why so many people fear W2G's. The more the better and the more jackpots the better. Isn't that really the name of the game in video poker?
> >
> > More concerning to me would be playing for points & slot club status than playing for as many W2G's as possible.
> >
> >
> > ----- Reply message -----
> > From: "carolm60656" <karolam@>
> >
> > I really like the Horseshoe and probably will be mid diamond by years end. I have to be careful about W-2's. On social security and husband pension and I do not want to have to pay extra for medicare,real estate taxes, etc. And since I am from Illinois, Indiana takes out almost 4 percent tax that I do not see as I am not a professional gambler and cannot file as such. In total I had few 4/kinds and no 4 deuces. Lost about $800 but 2 years ago won a total of $14,000 w2's which put us over the limit for some real estate exemptions.
> >
> I haven't filed a W2g forever and I've never been audited because of it. You people worry too much about being audited. Take my route and never report your winnings.
>