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Thread: Tax on winnings

  1. #21


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    Quote Originally Posted by 21forme View Post
    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.

  2. #22


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    Quote Originally Posted by Freightman View Post
    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.

  3. #23


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    Quote Originally Posted by 21forme View Post
    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”.

  4. #24


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    Quote Originally Posted by 21forme View Post
    I thought it was petzl.
    Would be my vote.

    Don

  5. #25
    Member dalmatian's Avatar
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    How are the tax on winnings enforced exactly? Can you rat hole? Can you refuse to cash out and keep chips or would you still be taxed per session? A recent guest on GWAE was interviewed about central america play and he said there are sometimes ways around the tax.

  6. #26


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    Quote Originally Posted by dalmatian View Post
    How are the tax on winnings enforced exactly? Can you rat hole? Can you refuse to cash out and keep chips or would you still be taxed per session? A recent guest on GWAE was interviewed about central america play and he said there are sometimes ways around the tax.
    That's what I'm trying to find out! ;-)

    Yesterday in one casino they told me, that every session you won, you have to pay taxes, no matter if you're winning in total or not.
    In another casino they told me, that you have only to have pay taxes when winning in total. So let's say, you lost one day $1000 and next day you win $500... so I don't have to pay taxes for this $500. And if I win another $700, then I only have to pay taxes from the $200 winnings. Like this for me it's considerable playing there.

    If I can go home with the chips.. hmm... I was thinking about that as well. I'm not sure about it.

    Today I'll go to 2-4 more casinos in Mexico-City to find out the rules and how much taxes (if i have to pay) to pay and how it works. I guess in whole Mexico-City you pay taxes... but I'll find out.

  7. #27


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    Quote Originally Posted by dalmatian View Post
    How are the tax on winnings enforced exactly? Can you rat hole? Can you refuse to cash out and keep chips or would you still be taxed per session? A recent guest on GWAE was interviewed about central america play and he said there are sometimes ways around the tax.
    First you must have a Players card. You must show them a picture ID, drivers license, passport in order to get one. When you buy chips its all kept on computer at the cage. When you cash out you they run your card. You can not cash out without a card. Rat hole would not work the typical way. If you where with a friend it would work only if one of you lost. You won $1000 and your friend lost a $1000 by giving him your $1000 to cash would work. That's the only way it would work. Been there and done that at least in Mexico.

  8. #28


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    Speaking of taxes, the latest GWAE is another excellent Russel Fox episode on gambling and taxes.

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