Filed in archive
Gambling and the Law
by jim on November 10, 2007
Source:www.southplainfieldnj.com
Personally I think having to pay taxes on gambling winnings sucks, but it's the law and it has to be obeyed.
Don't think for a minute that there's a way out of it either, at least not as far as any winnings accumulated in a legitimate casino.
If you win a jackpot over a certain amount here in a Las Vegas casino, you must sign an acknowledgement and agreement to pay Federal taxes on the winnings.
There are changes coming in the way a gambler's Federal tax liability is handled, and you can read this article about the proposals, and what the government and casinos will be doing when you hit a casino jackpot.
Permalink: Gambling Winnings And Taxes
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/99510
Addthis
Ask
Blinklist
del.icio.us
Digg
Fark
Facebook
Google
Lycos
Ma.gnolia
Mr Wong
Netscape
Netvousz
Newsvine
Reddit
StumbleUpon
Slashdot
Tailrank
Technorati
Wink
Yahoo
Vote for Gambling Winnings And Taxes:
|
Rating: 7.67 out of 3 vote(s) cast.
|
Subscribe
Use the search to look for other interesting posts
| RSS |  See all blog subscribe options |
 What is RSS? | |
| Yahoo! |
|
| Addthis |
|
| Bloglines |
|
| Newsletter | |
| Follow us on Twitter! |
