Taxes Poll!

Do you pay taxes on your gambling winnings (excluding required forms such as jackpots

  • Yes, I pay taxes on all my gambling winnings.

    Votes: 12 44.4%
  • I declare only some of my gambling winnings.

    Votes: 3 11.1%
  • No, I don't personally report any gambling winnings.

    Votes: 12 44.4%

  • Total voters
    27

aslan

Well-Known Member
#23
itrack

One of the issues here is that if we do go to a VAT or National Sales Tax, we need to repeal the income tax (16th Amendment) first. You guys are getting screwed to have to pay both. But that's the price of state supplied services like health care I suppose. I wonder how long before someone proposes having both here, too.
 
#25
EarthBowser said:
Does anyone have any information on taxes on winnings from casinos on reservations?
It doesn't matter if your winnings are from a casino on Mars. If you live in the US, you must report them truthfully on your 1040 and state tax returns (if your state has one). Now an indian casino, I'd assume, follows all the laws that commercial casinos in the US do as far as forms such as W-2G's and CTR's are concerned.
 

aslan

Well-Known Member
#26
Remember Remember said:
It doesn't matter if your winnings are from a casino on Mars. If you live in the US, you must report them truthfully on your 1040 and state tax returns (if your state has one). Now an indian casino, I'd assume, follows all the laws that commercial casinos in the US do as far as forms such as W-2G's and CTR's are concerned.
Yes, just follow the example of your Secretary of Treasury (and thus the IRS) and other high government officials. Or should I say, don't follow their example, er... uh... that doesn't sound right? You know what I mean. ;)
 
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