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#2
11-12-04, 09:30 AM
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That's what I mean about the US. When you head to the casino, do they give you a tax receipt or something with your winnings. I mean, say I popper $20 into a slot machine and won $100, how is the IRS ever going to know?
Thank goodness I live in Canada, we don't have these complicated gambling tax problems here. Taxes are an exact science (LMFAO, ahhhhhh...... no).
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#3
11-12-04, 09:53 AM
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casinos in conneticut at least are required to fill out a tax form on any winnings in excess of $5,000 at a time. So if you place high in any of the weekly tournaments, never mind the big WPF tournaments, you are going to get taxed taken out of your winnings. For anything under 5 grand though, there is no paper trail...and from that point you are on own to report any income or winnings
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