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billryan
billryan
Joined: Nov 2, 2009
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December 20th, 2018 at 2:25:57 PM permalink
How about the people who got small refunds in the past who will owe money instead.
The difference between fiction and reality is that fiction is supposed to make sense.
ChumpChange
ChumpChange
Joined: Jun 15, 2018
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December 20th, 2018 at 3:11:11 PM permalink
Unless you have more than $12,000 (or $24,000 if married) of W-2G's, you won't have to bother with session accounting.
Do I have to pay income tax on the free pizza slices I get from my Player's Card points at the Casino Food Court?
RogerKint
RogerKint
Joined: Dec 5, 2011
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Thanks for this post from:
RSMaxPen
December 20th, 2018 at 3:16:48 PM permalink
Quote: GWAE

If people get a lot less back in taxes this year will it cause a recession? If people are normally getting 5k back and expect it yearly then what happens when they unexpectedly get 1500 back? I can see that being a major issue.



Imagine how much better the economy was and how much more sound our "money" was before the federal income tax was finally deemed constitutional by the Supreme Court.

#freezenking
100% risk of ruin
RS
RS
Joined: Feb 11, 2014
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December 20th, 2018 at 3:27:50 PM permalink
Quote: RogerKint

Imagine how much better the economy was and how much more sound our "money" was before the federal income tax was finally deemed constitutional by the Supreme Court.

#freezenking


Yes, indeed. Freeze 'n King!
Wizard
Administrator
Wizard
Joined: Oct 14, 2009
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December 20th, 2018 at 3:30:32 PM permalink
Quote: ChumpChange

Do I have to pay income tax on the free pizza slices I get from my Player's Card points at the Casino Food Court?



I think, legally, yes, you're supposed to pay taxes on the value of all comps.
It's not whether you win or lose; it's whether or not you had a good bet.
Wizard
Administrator
Wizard
Joined: Oct 14, 2009
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December 20th, 2018 at 3:32:13 PM permalink
I am ready to officially announce my Taxable Return from Video Poker. I've added some more games to it the last few days. Also, for a time the table incorrectly stated the ratio of bets that would be taxable as opposed to the ratio of wins to amount bet that are taxable. To anyone who I confused, I apologize.
It's not whether you win or lose; it's whether or not you had a good bet.
GWAE
GWAE
Joined: Sep 20, 2013
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December 20th, 2018 at 4:57:23 PM permalink
Quote: billryan

How about the people who got small refunds in the past who will owe money instead.



eeks didnt even think of that.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
billryan
billryan
Joined: Nov 2, 2009
  • Threads: 217
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December 20th, 2018 at 5:28:16 PM permalink
Quote: RogerKint

Imagine how much better the economy was and how much more sound our "money" was before the federal income tax was finally deemed constitutional by the Supreme Court.

#freezenking



Between the Civil War and the imposition of income tax, the U.S. economy had multiple recessions and at least two crashes. Former President Grant, Savior of the Union , even went broke and was reduced to hawking his autobiography town to town.
Do you have any evidence of taxes hurting the economy?
The difference between fiction and reality is that fiction is supposed to make sense.
RogerKint
RogerKint
Joined: Dec 5, 2011
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Thanks for this post from:
MaxPen
December 20th, 2018 at 5:38:54 PM permalink
It's kinda funny. The income tax was passed and the voter was promised only the top 1%, very wealthy rich folks will have to pay it. Sound familiar? Now, we're all slaves.

I guess we should make the income tax rate 100% so "economy" can be magically perfect. It's so hard to take the $1 ribeye guy seriously ;)
100% risk of ruin
billryan
billryan
Joined: Nov 2, 2009
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December 20th, 2018 at 6:20:16 PM permalink
Quote: RogerKint

It's kinda funny. The income tax was passed and the voter was promised only the top 1%, very wealthy rich folks will have to pay it. Sound familiar? Now, we're all slaves.

I guess we should make the income tax rate 100% so "economy" can be magically perfect. It's so hard to take the $1 ribeye guy seriously ;)



So you sprout nonsense and when called on it, you channel max. Want to compare and contrast the decade before and after the implementation of income tax? Have any evidence that Americans were promised only the top one percent would ever pay taxes?
The voters passed the 16th Amendment, not the courts.
The difference between fiction and reality is that fiction is supposed to make sense.

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