$170K Modified AGI is the magic number for a couple. Was at the LVH last week. Construction Industry convention at the LVCC. Lot of drinking/gambling starting about 3 in the afternoon. OTOH, long lines at the coffee shop starting 6 in the morning. Typical hours for construction folks.
Was in high limit. Customer on the triple line $50 9/6 DDB. Attendant standing in the shadows. When the customer got a W2 win, worker would log the win and call the info to the back-room. The player would sign the attendant's log and the machine would be unlocked. Every couple of minutes it seemed.
Don't think the player was concerned about tax efficiency. Probably files as a pro with his company's accounting division doing all the paperwork. No need to worry about MAGI et al.
Host stopped in every few minutes. "Anything we can get you? Anything at all. O.K?."
---In vpFREE@yahoogroups.com, <cy4873@...> wrote:
It is time again for my warning on W-2G income and Medicare. Will you be age 63 this year? If so you will be eligible for Medicare in 2 years. The number of W-2Gs you hit this year could more than double your Medicare Part B and D premiums in 2016. The increased premiums are refigured each year based on your Modified Adjusted Gross Income so you can lower your premiums by reducing your W-2G income. All the details are available in SSA Publication No 05-10536. You can view and print this pub at www.ssa.gov. Click on benefits>medicare>medicare info for beneficiaries with higher incomes.
Chris
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