Any small hit over that produces a W2G is lost on state taxes. And I had learned last year, in some cities, there is tax on gambling wins.
That is why some of us avoid them.
--- In vpFREE@yahoogroups.com, "carolm60656" <carolm60656@...> wrote:
>
> Rob,
>
> Everyone has different circumstances. As a senior, you have a fixed income, and many senior benefits will vanish with too many W2s.
>
>
> As an example for you, some seniors play a lower denomination and/or J/B and deuces so there is a less chance of accumulating lots of W2s.
> Of course I love jackpots who doesn't but I have to be careful in my situation with medicare, etc.
>
> To each his own Rob, I tried my best to explain the reality.
> Carol
>
>
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