On 2/20/2012 3:32 PM, rob.singer1111@yahoo.com wrote:
>
> How do SS payments change when you are getting W2G's? They are not
> figured into the formula for determining how much a person receives
> for their SS benefit unless you file as a business, ie, professional
> gambler. Are you also working?
>
> I know AGI affects people who get W2G's, but I've never heard of that
> making a $4000 win translate it into costing them anything net.
>
Medicare has been means tested for about three years now, and the extra
Medicare premiums are taken out of one's Social Security benefit. Maybe
you aren't involved with Social Security benefits yet. That could
explain the lack of knowledge about why so many players want to avoid
W-2G's.
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