[vpFREE] Scot Krause's LVA Players Club Bonus Points Update - 18 OCT 2012

 

Scot Krause's LVA Players Club Bonus Points Update - 18 OCT 2012

http://www.lasvegasadvisor.com/greatdeals-slotpromotions.cfm

<a href="http://www.lasvegasadvisor.com/greatdeals-slotpromotions.cfm">
http://www.lasvegasadvisor.com/greatdeals-slotpromotions.cfm</a>

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Re: [vpFREE] Re: Points for Gas at M - corrected info

 

No problem. It is a constant problem for all of us to get accurate information since casino employees are not always up on all the current information, or just don't understand all the details. I am downright paranoid at times – and sometimes ask 3 or more employees the same question to be sure I finally get the right answer. And then I'm not always sure the answer will change next week!!!

------------------------------------------
Jean $¢ott, Frugal Gambler
http://queenofcomps.com/
You can read my blog at
http://jscott.lvablog.com/

From: tikithecat73lakeworth
Sent: Thursday, October 18, 2012 11:24 AM
To: vpFREE@yahoogroups.com
Subject: [vpFREE] Re: Points for Gas at M - corrected info

I apologize for posting incorrect info. Thanks, Jean and friend!

--- In mailto:vpFREE%40yahoogroups.com, "Queen of Comps" <queenofcomps@...> wrote:
>
> From a friend, on October 12:
>
> ]“I used my points to buy gas today [at M]....333 points for $1.00 as usual. Regular gas was $3.89/gallon, which is a dime more than most stations in town, also as usual. They said at the station that I can still pay for the car wash and shop in the store with points.”

[Non-text portions of this message have been removed]

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[vpFREE] Re: Points for Gas at M - corrected info

 



I apologize for posting incorrect info. Thanks, Jean and friend!

--- In vpFREE@yahoogroups.com, "Queen of Comps" <queenofcomps@...> wrote:
>
> From a friend, on October 12:
>
> ]“I used my points to buy gas today [at M]....333 points for $1.00 as usual. Regular gas was $3.89/gallon, which is a dime more than most stations in town, also as usual. They said at the station that I can still pay for the car wash and shop in the store with points.”
>
> ------------------------------------------
> Jean $¢ott, Frugal Gambler
> http://queenofcomps.com/
> You can read my blog at
> http://jscott.lvablog.com/
>
>
> [Non-text portions of this message have been removed]
>

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[vpFREE] Re: Palms

 



--- In vpFREE@yahoogroups.com, Misscraps <misscraps@...> wrote:
>
> I don't know what they are doing there with the remodeling -- the high roller area is now gone, with some of the machines sitting out in the area near Little Buddah, and some empty spots where machines were.
>
> Gudarnos is now closed. Little Buddah to close in another week or so (note to Palms, why not stagger your remodeling? Nutty)
>
> Palms buffet has added more selections, but quality remains the same as always, variable quality. Salad bar had no lettuce, just cheaper green stuff, whatever it is, plus premixed salads. Even spinach had dressing on it. Why not leave the greens undressed and let us put dressing on if we want it?
>
> Thursday buffet line at 4 pm was huge because of senior 1/2 price discount. Being over 50 was good for a $4 movie ticket though, which was good. They also have some low cost senior tournaments and other benefits on Thursday.
>
> Back to buffet -- Thursday beef tasted terrible, burnt. Dinner rolls fresh. Saturday beef was fine, dinner rolls stale. This is an example of what I mean by variable quality. Chicken was delicious both days, fried shrimp overlooked. Also no line on Saturday for dinner at 4 pm, which now was suppose to be a seafood buffet that costs more than sun-Thursday buffet, but I noticed hardly any difference in choices.
>
> You'd think since Gudarnos is closed, the Mexican section of buffet would be bigger, but it remains the same. The taco bar has corn tacos only, why no flour tortillas? There seems to be a lot of Thai food now, added to the Chinese food. The Chinese food always seems pretty much the same, not too flavorful.
>
> Wine is free for lunch and dinner which may make the buffet more palatable, and discounts are good, depending on your player card level. They have nice apples and bananas which is good, but no melons or fruit salad. Today there were strawberries too.
>
Still the nicest place in town to play over 100% games and high paying idiot slots. By far. Plus you never smell smoke-ever. Plus great drink service.

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[vpFREE] Re: VPenvironment

 

WinPoker works pretty well on the iPad (and the iPhone when I had one, but there doesn't appear to be any sort of decent trainer available on Android. I emailed to Zamzow's customer support a year or so about Android but never got a reply. If you develop a decent solution for Android, I'd definitely buy it. Since there seems to be as many, if not more Android devices than iOS around, I would think that I'm not the only one either.

--- In vpFREE@yahoogroups.com, "Jim Wolf" <jimwolf@...> wrote:
>
> What is up with the Ipod, Ipad, Iphone VP environment? Android?
>
> Any room for more development?
>
> Best regards,
> Jim Wolf
>

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[vpFREE] Re: Tax consequences of w2gs

 



--- In vpFREE@yahoogroups.com, Misscraps <misscraps@...> wrote:
>
>
> Another thought comes to mind as I watch the Presidential Debate -- if Romney is elected and puts some sort of cap on itemized deductions (he's mentioned $17000 and $25000 and who knows what next) to make up for cutting tax rates, this could probably include capping deductions such as gambling losses, since things like charitable deductions, mortgage interest, etc., are being mentioned.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Misscraps,

While it is a long process from vague proposal by an unelected candidate to actual implementation as tax law, your concerns are well founded. If such a deduction cap were ever put in place, one would hope that Congress would write in an exception for gambling losses (or take the long overdue corrective action of letting people net out wins and losses on the front page of the 1040 form), but I wouldn't count on it. One would also hope that the casino industry would see the tax implications for their best players (i.e. biggest losers), and pressure Congress to fix the problem before a cap is put in place, but I wouldn't count on that happening either.

If such a cap on itemized deductions were ever actually put in place without any sort of exception for gambling losses, I believe it would kill off medium and high stakes video poker advantage play except for those players who are allowed by the IRS agents to file Schedule C. It would also kill off a fair amount of non-advantage high stakes machine play.

Of course, if you still wanted to make some money from the casinos, there's always blackjack (card counting) and live poker. You don't get W2-Gs from blackjack, and they are very rare in poker unless you play tournaments. Now that I think about it, such a tax rule might kill off tournament poker also.

BUT - you might ask - even without W2-Gs aren't you supposed to still declare your winning sessions as income and list your losses as itemized deductions? Yes. So a low cap on itemized deductions would put *all* casino players who play for any decent stakes in the uncomfortable position of either intentionally cheating on their taxes, or voluntarily ruining their savings account.

EE

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[vpFREE] LVA Question of the Day - 18 OCT 2012

 

LVA Question of the Day - 18 OCT 2012

Q: It seems like Las Vegas has become the
Pedestrian-Accident Capital of the World. Any reasons why?
What is being done? I see people jaywalk all the time on
the Strip and the police seem to turn a blind eye.

Read the answer here:

http://www.lasvegasadvisor.com/qod.cfm

<a href="http://www.lasvegasadvisor.com/qod.cfm">
http://www.lasvegasadvisor.com/qod.cfm</a>

NOTE: vpFREE access to the Question of the Day link has
been approved by LVA and expires after the current day
for non-LVA members.

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and doesn't constitute an endorsement or approval
of the linked article's content by vpFREE. Any
discussion of the article must be done in
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[vpFREE] Re: Tax consequences of w2gs

 



"Another reason to consider avoiding w2gs"

Or perhaps another reason to consider quitting gambling altogether.

--- In vpFREE@yahoogroups.com, Misscraps <misscraps@...> wrote:
>
>
> We have had some discussion here of the possible new Medicare taxes on unearned income which might but hopefully won't impact gambling income (listed on the 1040 schedule as miscellaneous income).
>
> Another thought comes to mind as I watch the Presidential Debate -- if Romney is elected and puts some sort of cap on itemized deductions (he's mentioned $17000 and $25000 and who knows what next) to make up for cutting tax rates, this could probably include capping deductions such as gambling losses, since things like charitable deductions, mortgage interest, etc., are being mentioned.
>
> Let's say you earn $100000 in w2gs (it may sound like a lot, but even nonprofessional gamblers like myself have earned this and more because we play $1 and $5 machines). ... And list this as Misc. Income. Now you lose $110,000 in a year. Currently if you itemize you can deduct $100000, because you can only deduct up to the amount you win.
>
> Let's hypothesize a $25000 cap on itemized deductions. Even if you have no mortgage income or other deductions, you'd end up with $75000 in income that would be taxed, despite actually losing money.
>
> This phantom income, could well be taxed at 15%, or a lot more, depending on your tax rate.
>
> argh!!
>
> Another reason to consider avoiding w2gs (and maybe not voting for Mr. Romney, if you are so inclined.... )
>

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