Tax on winnings

[Freightman]

The problem is, it's not really 5.4% ... or what I want to say .. just a little example. I buy chips for 100$ and lose it ... then I buy chips again for 100$ .. now let's say I double it.. now I go to the check-out ..... they see that I bought 100$ and come back with 200$ so I have to pay 5% from the winning.. so 5$ lost.
If I had bought chips for 200$ from the beginning, then I wouldn't pay taxes at all!
So it depends how much chips I buy and how long are my sessions.
So it's not the same if I win in one day 4000$ or in several days with losses and wins in the meantime.

You're complicating it. Sounds like you’re initial buy in is at the cage, subsequent buying at the table. Taxes are calculated from the known initial cage purchase.. If that’s the case, then either make 1 large initial cash at the cage, or have confirmation tags issued by the pit, dated with amount of supubsequent buy ins.

If that’s not the case, then you will need to more clearly articulate yourself.

[21forme]

If that’s not the case, then you will need to more clearly articulate yourself.

Or don't play a casino with such heinous requirements. Or at least find a game with a much higher edge than counting BJ.

[DSchles]

Sounds like you’re initial buy in is at the cage,

99% of people on the internet spell "you're" as "your." You would be the one person who spells "your" as "you're"!

Don

[ShipTheCookies]

99% of people on the internet spell "you're" as "your." You would be the one person who spells "your" as "you're"!

Don

Aren't most Canadians backwards, eh?

[Freightman]

Aren't most Canadians backwards, eh?

No, on the contrary. We’re far more knowledgeable on US geography, far more civilized as well than the plethora of intellectually challenged rednecks populating much of the land south of the 49th down to the Rio Grande - Eh!

[21forme]

No, on the contrary. We’re far more knowledgeable on US geography, far more civilized as well than the plethora of intellectually challenged rednecks populating much of the land south of the 49th down to the Rio Grande - Eh!

You certainly have your share between BC and ON. Guess the sun isn't strong enough to call them rednecks. Do you call them pinknecks?

[Freightman]

You certainly have your share between BC and ON. Guess the sun isn't strong enough to call them rednecks. Do you call them pinknecks?

No, mostly petzels, but you’re off on your geography. Most of the petzels are in Quebec with a generous portion in Ontario, especially in the Ottawa Ont and Hull PQ area, Separated only by a bridge and a river.

[21forme]

No, mostly petzels, but you’re off on your geography. Most of the petzels are in Quebec with a generous portion in Ontario, especially in the Ottawa Ont and Hull PQ area, Separated only by a bridge and a river.

Been there and had Beaver Tails there.

Never heard the term petzel. Pas de la poutine?

[Freightman]

Been there and had Beaver Tails there.

Never heard the term petzel. Pas de la poutine?

I always had a preference for Western Canadian Beaver, from my earliest recollections. The waft of Regional Beavers permeating summer evening air was titillating to the soul. I noted a distinct difference between the waft of our Regional Beaver against Beaver scent south of the 49th.

You’ve never heard the term - petzel. It’s Yiddish slang. Don will even confirm that it’s spelled right.

[21forme]

You’ve never heard the term - petzel. It’s Yiddish slang. Don will even confirm that it’s spelled right.

I thought it was petzl.

[Freightman]

I thought it was petzl.

Perhaps another cross border grammatical difference. Both spellings are acceptable. By the way, our Rabbi said he was increasing his UJA pledge.

He said, and I quote “I upped my pledge, up yours”.

[DSchles]

I thought it was petzl.

Would be my vote.

Don

[Freightman]

99% of people on the internet spell "you're" as "your." You would be the one person who spells "your" as "you're"!

Don

appears autocorrect simply copied the first up”you’re”