--- On Sun, 2/19/12, Barry Glazer <b.glazer@att.net> wrote:
>>Which is why people want to have winnings that are not W2G events - it's easier to cheat on your taxes if you don't have W2Gs, and sometimes cheating on your taxes is the only way to win at video poker after-taxes. Best way to assure that is to play quarter machines, I guess; then you can deny that you ever play the game, and just hope that the evidence doesn't turn up somehow (for most people, it won't).<<
I don't especially care for the inept way the government is spending the taxes I'm forced to pay. Some of these monies don't even go for what they are earmarked to do in a specifically named account. So, I don't feel like contributing any more taxes than necessary. Also, as mentioned, there are plenty of reasons to watch your income if you're retired but not rich. Your social security, for one, will be taxed and/or reduced if your household income exceeds a certain amount, last I heard it was around 34K a year, when in fact that social security money was already taxed when you paid it in while working. Double taxation doesn't seem all too fair to me.
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