100xOdds
100xOdds
Joined: Feb 5, 2012
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September 10th, 2021 at 7:44:14 AM permalink
Quote: MichaelBluejay

I think that's presumptuous. It might not be that the slot attendant expected it, but rather that lots of players would *want* to tip more than $20, so they're making it easy.
And has been pointed out, it's convenient to have some twenties whether you use them to tip or not. I could easily see myself as the slot attendant, not expecting a $40 tip, but still giving lots of 20's for the above reasons, and not being put off at all if I got tipped only $20.

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    out of the many casinos that i've received hand pays, that mgm is the only one that did that.

    and as i said, that mgm also handed me the logical amount of bills for other hand pays. (ie: $1514)
    Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
    rxwine
    rxwine
    Joined: Feb 28, 2010
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    September 10th, 2021 at 7:45:03 AM permalink
    Quote: Mission146

    Maybe you guys are all loaded, but my life (after taxes and 50k tip) is still going to be changed more by the more than half a million bucks than the 50k tip is going to change the recipient's life.

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    If I'm already playing $1200 a pull (or hand) I probably have the capability to tip more and never miss it. Especially, if I've been playing for a couple hours.

    Or maybe I'm down to my last million. Who knows. I base tipping on more than one factor.
    Quasimodo? Does that name ring a bell?
    MichaelBluejay
    MichaelBluejay 
    Joined: Sep 17, 2010
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    September 10th, 2021 at 7:46:07 AM permalink
    Quote: 100xOdds

    I ask for check with fed taxes taken out (28%?).

    Highest marginal bracket in the U.S. is 37%, and $1M would put you in that bracket. But it's a marginal bracket.

    Median household income is $62k. So $1,062,000 in income, less $24,800 standard deduction, is $1,037,200. Federal income taxes on $1,037,200 for married filing jointly:

    10% bracket: $1975
    12% bracket: $7260
    22% bracket: $19,976
    24% bracket: $37,372
    32% bracket: $28,192
    35% bracket: $72,572
    37% bracket: $153,605
    -------------------------------
    $320,952 total taxes

    Of that, $4069 is from the $62k in income, so taxes attributable to the jackpot is $316,883.

    So, the tax rate is 31.7% for the federal portion. If you have state taxes, then there's that, too.

    Ignoring possible state taxes, 0.5% of the after-tax amount of $683,117 would be $3416, which is in the ballpark of what others have suggested.

    tax brackets
    100xOdds
    100xOdds
    Joined: Feb 5, 2012
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    September 10th, 2021 at 7:48:46 AM permalink
    Quote: Mission146

    Maybe you guys are all loaded, but my life (after taxes and 50k tip) is still going to be changed more by the more than half a million bucks than the 50k tip is going to change the recipient's life.

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    if you won $720k (after taxes), you're going to take cash?
    if not, how are you going to tip $50k?

    also, if i was going to tip 5 figures, i would ask the casino to reduce my prize to $950k and give the slot slot attendant $50k so s/he would deal with those taxes.

    (like it's sometimes done in poker when someone hits a $100k+ bad beat jackpot.)
    Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
    Mission146
    Mission146
    Joined: May 15, 2012
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    September 10th, 2021 at 7:53:04 AM permalink
    Quote: rxwine

    Quote: Mission146

    Maybe you guys are all loaded, but my life (after taxes and 50k tip) is still going to be changed more by the more than half a million bucks than the 50k tip is going to change the recipient's life.

  • link to original post



    If I'm already playing $1200 a pull (or hand) I probably have the capability to tip more and never miss it. Especially, if I've been playing for a couple hours.

    Or maybe I'm down to my last million. Who knows. I base tipping on more than one factor.
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    That's why I'd never have to worry about it, I don't think. Not a million, anyway. I'm not sure there's a, 'Vulture,' machine where that could even happen. There probably is somewhere, but not around me.
    https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
    100xOdds
    100xOdds
    Joined: Feb 5, 2012
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    Thanks for this post from:
    MichaelBluejay
    September 10th, 2021 at 7:55:02 AM permalink
    Quote: MichaelBluejay

    Ignoring possible state taxes, 0.5% of the after-tax amount of $683,117 would be $3416, which is in the ballpark of what others have suggested.

    tax brackets

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    sure.. $3.4k would be mid-point to my 'whatever's left on the slot ticket' tip range of $700 to $7200
    Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
    Mission146
    Mission146
    Joined: May 15, 2012
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    September 10th, 2021 at 7:58:07 AM permalink
    Quote: 100xOdds

    Quote: Mission146

    Maybe you guys are all loaded, but my life (after taxes and 50k tip) is still going to be changed more by the more than half a million bucks than the 50k tip is going to change the recipient's life.

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    if you won $720k (after taxes), you're going to take cash?
    if not, how are you going to tip $50k?

    also, if i was going to tip 5 figures, i would ask the casino to reduce my prize to $950k and give the slot slot attendant $50k so s/he would deal with those taxes.

    (like it's sometimes done in poker when someone hits a $100k+ bad beat jackpot.)
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    Hmm...I didn't think about that. I probably would take cash, though. I don't think I would have taxes taken out on the spot, unless they absolutely have to at that time.

    I'm not sure that I would tip the 50k on the premises, because then others know the slot attendants are walking around with that sort of money when they leave work. I would hope that the casino wouldn't mind them giving me their information so I could arrange to compensate them elsewhere, probably over dinner, but I guess I would have to tip them in cash if the casino wouldn't allow that or they were crazy enough not to want to give me their phone numbers to arrange this. If they refused their phone numbers (as opposed to the casino making them refuse), then I guess they can settle for $2,500 apiece. If they won't have dinner with me for $25,000, then screw them anyway.

    Why do I want to make sure the attendants pay taxes on it? They're legally obligated to, of course, but that's none of my concern whether they actually do it or not.
    https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
    100xOdds
    100xOdds
    Joined: Feb 5, 2012
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    September 10th, 2021 at 8:04:02 AM permalink
    Quote: Mission146

    That's why I'd never have to worry about it, I don't think. Not a million, anyway. I'm not sure there's a, 'Vulture,' machine where that could even happen. There probably is somewhere, but not around me.

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    i've seen $5 'Ult X' tdb 10play.
    dealt awk would be $20k x 10 = $200k
    with an avg of 5x multipliers = $1M

    so you only need to find such a machine with that many multipliers AND be dealt a Royal or equivalent.
    easy peasy. :)
    easier than winning 2nd prize in MegaMillions/Powerball(?)

    /cue Mathlete to do that calcs for that :)
    Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
    100xOdds
    100xOdds
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    September 10th, 2021 at 8:11:09 AM permalink
    Quote: Mission146

    Why do I want to make sure the attendants pay taxes on it? They're legally obligated to, of course, but that's none of my concern whether they actually do it or not.

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    $1M prize.
    you accept $950k (and are only taxed on 950k).
    the slot attendant gets the other $50k. you dont care how s/he handles the taxes.
    Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
    DRich
    DRich
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    September 10th, 2021 at 8:32:18 AM permalink
    Quote: 100xOdds


    In addition to tipping the dealer on the big win:

    "Bathroom attendants, valets, security guards and
    cage cashiers all contributed to your unforgettable night, feel free to lavish them with cash as you see fit."

    What a moron.
    And if he was being sarcastic, then he sucks as a writer

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    I disagree, he doesn't say that you should tip but I normally leave the bathroom attendant a $1 I would probably leave a $5 tip if I had just won a big jackpot. The valet driver would get a slightly bigger tip than normal too.
    Order from chaos

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