Re: [vpFREE] Re: Stimulus check

 

Indiana and several other states have had a state gross income tax, which is what you're describing, for a long time.  That alone was enough to make VP (or any gambling) almost impossible to win at after taxes, and after-tax VP if you live in those states is negative expectation no matter how you figure it.  Add the loss of itemized deductions and you're also paying federal on winnings regardless of losses.  Taxes have killed gambling for most people.

=====================


On Tuesday, April 21, 2020, 09:00:47 PM EDT, Marsha Cuddington mcuddington@hotmail.com [vpFREE] <vpfree@yahoogroups.com> wrote:




Even worse, my state changed the tax laws and no longer allows the deduction of losses against the wins..  We now have to pay state income tax on the gross wins!  This will definitely impact my gaming until I can move to a more "gambler friendly" place for retirement.

 

From: vpFREE@yahoogroups.com <vpFREE@yahoogroups.com>
Sent: Tuesday, April 21, 2020 8:50 PM
To: vpfree@yahoogroups.com
Subject: [vpFREE] Re: Stimulus check

 

 

Yep. Totally unfair - W2Gs are not a reflection of winnings - and even using the session method, your AGI does not provide an accurate refection of the annual result of one's gambling for the year. I'm certain this affects many, many people. Adding to the frustration is reading about dead people receiving stimulus checks - sheesh!!



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Re: [vpFREE] Stimulus check

 

You can deduct the losings if you itemize -- I've been doing it for years -- up to the amount of your winnings -- but starting last year (2018) I was unable to itemize because the standard deduction was higher, and I therefore got hit with tax on my winnings, while my larger losses did me no good.  Again in 2019.  Likewise charitable deductions; we've downsized and have been clearing out gobs of accumulated goods donated to Goodwill and similar, but no deduction anymore.

But nobody ever said taxes were "fair" -- nobody :)

--------------


On Tuesday, April 21, 2020, 08:06:38 PM EDT, William Lobuzzetta LOBO1971L@netscape.net [vpFREE] <vpfree@yahoogroups.com> wrote:




Its not fair to not deduct the losings and then total your income


-----Original Message-----
From: Marsha Cuddington mcuddington@hotmail.com [vpFREE] <vpFREE@yahoogroups.com>
To: vpFREE@yahoogroups.com <vpFREE@yahoogroups.com>
Sent: Tue, Apr 21, 2020 8:02 pm
Subject: RE: [vpFREE] Stimulus check

 
Yes and (UGH), just had to pay a whopping tax bill due to those W2Gs.  Closing the casinos protects me in more ways than one!
 
From: vpFREE@yahoogroups.com <vpFREE@yahoogroups.com>
Sent: Tuesday, April 21, 2020 7:59 PM
To: vpFREE@yahoogroups.com
Subject: [vpFREE] Stimulus check
 
 
Anyone else not getting a stimulus check because W2-g income was too high?😡.

Sent from my iPhone


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Re: [vpFREE] Stimulus check

 

From. H&R Block site. 

Is the stimulus an advance on my 2020 refund? How will it affect my 2020 refund?

No, it's not. When you file your 2020 tax return in 2021, you could get an additional stimulus payment, if your circumstances change. The additional payment would be added to your refund or reduce your balance due. If your stimulus payment was too high based on actual 2020 information, it will not lower your refund or add to your balance due.


On Tue, Apr 21, 2020, 9:19 PM Derek Franks gamb00ler@yahoo.com [vpFREE] <vpFREE@yahoogroups.com> wrote:
 

Do you have a link where I can read more information about how this stimulus payment is treated as a refundable tax credit?

Thanks!

G'luck all,
Gamb00ler

Randy Cowdery  wrote:


 

The stimulus money you are getting now is an advance on a new refundable tax credit on your 2020 tax return. If you get the full amount now, you will not get anything on your 2020 tax return. If you get less than the max now, but in 2020 are eligible for more than the advance you got (if any), then you will get the difference as a credit on your 2020 tax return. If you got more with the advance than you qualify for in 2020, good for you. You won't have to pay it back on your 2020 tax return.


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Re: [vpFREE] Stimulus check

 

Do you have a link where I can read more information about how this stimulus payment is treated as a refundable tax credit?

Thanks!

G'luck all,
Gamb00ler

Randy Cowdery  wrote:


 

The stimulus money you are getting now is an advance on a new refundable tax credit on your 2020 tax return. If you get the full amount now, you will not get anything on your 2020 tax return. If you get less than the max now, but in 2020 are eligible for more than the advance you got (if any), then you will get the difference as a credit on your 2020 tax return. If you got more with the advance than you qualify for in 2020, good for you. You won't have to pay it back on your 2020 tax return.


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Re: [vpFREE] Corona virus consequences?

 

I also saw that 45% of NYC general population has high blood pressure. 


-----Original Message-----
From: ken orgera keno60@hotmail.com [vpFREE] <vpFREE@yahoogroups.com>
To: vpFREE@yahoogroups.com <vpFREE@yahoogroups.com>
Sent: Tue, Apr 21, 2020 10:03 pm
Subject: Re: [vpFREE] Corona virus consequences?

 
There's plenty of unproven statements on this blog. "65% of case's in NY had high blood pressure". NYC has one of the longest life spans.


From: vpFREE@yahoogroups.com <vpFREE@yahoogroups.com> on behalf of greeklandjohnny@aol.com [vpFREE] <vpFREE@yahoogroups.com>
Sent: Monday, April 20, 2020 8:52:25 PM
To: vpFREE@yahoogroups.com <vpFREE@yahoogroups.com>
Subject: Re: [vpFREE] Corona virus consequences?
 
 
Dunbar,

If only all of the press and political figures would follow your last statement, the world would be a lot better place. 

JZ


-----Original Message-----
From: 'H. Dunbar .' h_dunbar@hotmail.com [vpFREE] <vpFREE@yahoogroups.com>
To: vpFREE@yahoogroups.com <vpFREE@yahoogroups.com>
Sent: Mon, Apr 20, 2020 5:55 pm
Subject: Re: [vpFREE] Corona virus consequences?

 
"Almost all cases are transmitted asymptomatic/presymptomatic. "     Again, not true.   Several other members have posted articles from the CDC and others that contradict this.  

You posted a link to an article by a reporter, not a medical expert.   It's a good article, but I couldn't find anything that even remotely supports your statement, "Almost all cases are transmitted asymptomatic/presymptomatic. "

It's enough to say that COVID-19 can be easily transmitted before symptoms show up.   Beyond that, we should all avoid making sweeping statements that are not supported by facts.

--Dunbar



h_dunbar@hotmail.com


From: vpFREE@yahoogroups.com <vpFREE@yahoogroups.com> on behalf of paw0159 paw0159@aol.com [vpFREE] <vpFREE@yahoogroups.com>
Sent: Sunday, April 19, 2020 5:27 PM
To: vpFREE@yahoogroups.com <vpFREE@yahoogroups.com>
Subject: Re: [vpFREE] Corona virus consequences?
 
 
Almost all cases are transmitted asymptomatic/presymptomatic.  That means you'll get it from someone who does not appear to be sick.  Here's one link but if you search you'll find plenty more.  My husband is an epidemiologist and an expert in his field.

https://www.propublica.org/article/what-we-need-to-understand-about-asymptomatic-carriers-if-were-going-to-beat-coronavirus



Sent from my Verizon, Samsung Galaxy smartphone


-------- Original message --------
From: "'H. Dunbar .' h_dunbar@hotmail.com [vpFREE]" <vpFREE@yahoogroups.com>
Date: 4/19/20 12:09 PM (GMT-05:00)
To: vpFREE@yahoogroups.com
Subject: Re: [vpFREE] Corona virus consequences?

 
"The majority of people who get COVID-19 and die are getting it from people who are asymptomatic."

I do not think this is true.   It's certainly possible to transmit when asymptomatic, but I haven't seen any data or any expert that suggests most transmission or most death is from asymptomatic carriers.   If you have a source that says that, please post it.

--Dunbar



From: vpFREE@yahoogroups.com <vpFREE@yahoogroups.com> on behalf of paw0159 paw0159@aol.com [vpFREE] <vpFREE@yahoogroups.com>
Sent: Saturday, April 18, 2020 1:19 PM
To: vpFREE@yahoogroups.com <vpFREE@yahoogroups.com>
Subject: Re: [vpFREE] Corona virus consequences?
 
 
I agree.  Discussing ad nauseum about when/if casinos will reopen is pointless.  They will open when they open.  If they offered me a million dollars to go to a casino when they reopen, I wouldn't take it.  Casinos are going to err on the side of extreme caution when allowed to reopen.  Sorry, gambling is not my priority.  Not dying is.  My son works in a major metropolitan hospital on the East Coast and he is on the front lines.  Until you see what he has seen, the sickness, the death, the anguish of telling family that their loved ones are not going to make it, gambling is meaningless.  Stay home, stay safe, stop the spread.  The majority of people who get COVID-19 and die are getting it from people who are asymptomatic.  Don't risk it.  



Sent from my Verizon, Samsung Galaxy smartphone


-------- Original message --------
From: "Walter Hamilton walterhnri@aol.com [vpFREE]" <vpFREE@yahoogroups.com>
Date: 4/18/20 12:53 PM (GMT-05:00)
To: vpFREE@yahoogroups.com
Subject: Re: [vpFREE] Corona virus consequences?

 
I thought that this discussion group was about video poker?  Apparently not.

In a message dated 4/18/2020 11:14:41 AM Central Standard Time, vpFREE@yahoogroups.com writes:



Indian Grand (Shelbyville) converted the electronic tables poker room to the high limit room when they introduced live dealer table games with real cards on January 1.  The barely got in 2 months with the new table games before getting shut own.  There were some decently cut BJ games that offered good opportunities,  but doubtful I will be handling chips anytime in the near future.  There are multiple $5 single line 9/6/239 Jacks at IG.  They have frequent RC multiplier days and up until last fall were allowing you to redeem RC to FP at a 1:1 rate.  That made for an attractive opportunity.  Not so much lately.  Wil be interesting to see if any changes come about when they reopen.
 
SB
 
 
From: vpFREE@yahoogroups.com <vpFREE@yahoogroups.com>
Sent: Saturday, April 18, 2020 11:58 AM
To: vpFREE@yahoogroups.com
Subject: Re: [vpFREE] Corona virus consequences?
 
 
Indiana had them at Shelbyville (now a Caesars property I think) and Anderson - the two race tracks that got licensed to be casinos as well.  Anderson shut the poker room down altogether, long ago.  My understanding is that the Shelbyville poker room is temporarily closed, being remodeled, and will re-open with live dealers in 12-18 months -- but that was pre-virus; who knows what current plans or schedule will be.  Shelbyville had a lot of electronic blackjack, roulette, and other games with virtual dealers, all of which went to live dealers first of the year (but probably shut down now).  They also used to have (haven't checked for ages) a single VP terminal with $5 9/6 Jacks or Better; lower denoms were lower pay tables.

I haven't been to either for a long time, maybe a decade; I'm in Indianapolis, and they started "charity" poker here four-five (?) years ago; closest venue just 10 min. from my house.  Mostly Moose and Elks lodges, but some others too.  Each locale must be licensed and a few have been shut down temporarily or more for violations of regs, mostly record-keeping problems, but a few minor things.  For example, the one I usually went to had free dinner, and the state commission said they had to charge for it - big deal. 

They are allowed up to three 12-hour sessions a week.  "My" place offered 1/3, 2/5, and sometimes 5/10 NLH, and PLO.  The players I could beat have mostly stopped coming, and so I don't play there very often anymore; haven't even checked lately to see if they're shut down by the COVID rules, but I can't imagine there's a way they would not be.

Bottom line on the question is that I'm unaware of any surviving electronic poker tables in Indiana anymore.

=====================

On Friday, April 17, 2020, 11:08:04 PM EDT, Tony Bigcharles tonybigcharles@yahoo.com [vpFREE] <vpfree@yahoogroups.com> wrote:


 
i seen those at the plaza in vegas (now gone) southland gaming outside of memphis (now gone) and at Harrahs cherokee in NC (now gone) and at the silver legacy (now gone). all those places either got rid of poker, or now have live tables with dealers. i dont consider any of those areas as midwest. ive never seen one in MI, IN MN IA, or any other state which people would call midwest. where in the midwest are they?

On Friday, April 17, 2020, 04:48:02 PM CDT, greeklandjohnny@aol.com [vpFREE] <vpfree@yahoogroups.com> wrote:


 
The problem with the electronic games is that they raked the same as the live games. You can get 10 to 15 more hands an hour so that rake adds up in a hurry. Granted, no dealer tip but if they ran it with $3 rake up to $60 and $4 after that, they would have customers.. $6 rake on $60 is too much. 

JZ

-----Original Message-----
From: Howard Stern pyiddy@att.net [vpFREE] <vpFREE@yahoogroups.com>
To: vpFREE <vpFREE@yahoogroups..com>
Sent: Fri, Apr 17, 2020 5:38 pm
Subject: Re: [vpFREE] Corona virus consequences?
 
Are the electronic poker tables any good? I have never seen them in use but they are in several Midwest-casino. Still could have issues with cleaning the controls and screens.

On Friday, April 17, 2020, 04:30:05 PM CDT, Albert Pearson ehpee@rogers.com [vpFREE] <vpfree@yahoogroups.com> wrote:


 
The only problem with that solution or any other spacing solution for poker is that since the game is not very profitable for casinos, and all these solutions require a lot of additional floor space they just aren't economically feasible for the casinos. Poker probably won't be back until a vaccine becomes available.

Regards

A.P.


On Friday, April 17, 2020, 12:16:20 a.m. EDT, Jeffrey Wilens jeff@lakeshorelaw.org [vpFREE] <vpfree@yahoogroups.com> wrote:


 
They could set up private booths (like those in old-style adult book stores, not that I have any personal experience).  In each booth you log into a video screen and gamble with other players in their own booths (which will have proper ventilation.  You will be able to see the other players on the large videoscreen.


Lakeshore Law Center
Jeffrey Wilens, Esq.
18340 Yorba Linda Blvd.
No. 107-610
Yorba Linda, CA 92886
714-854-7205
714-854-7206 (fax)
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This message is sent by a law firm and may contain information that is privileged or confidential. If you received this transmission in error, please notify the sender by reply e-mail and delete it.  For additional information, please visit our website at www.lakeshorelaw.org

From: vpFREE@yahoogroups.com <vpFREE@yahoogroups.com>
Sent: Thursday, April 16, 2020 9:11 PM
To: vpFREE@yahoogroups.com
Subject: Re: [vpFREE] Corona virus consequences?


My guess is, no more so than they already have done so -- i.e., some casinos have made some areas non-smoking, and a handful (to my knowledge) have gone completely smoke-free -- I can't imagine if they're chomping at the bit to re-open without sufficient concern about the virus, that it will change their attitude about smoking.

Happily, most poker rooms have gone smoke-free (if you ignore the people immediately next to the poker room who are smoking) -- but unhappily, poker has other problems to deal with now.  You can't sit six feet from the other players and handle the chips and cards with gloves and remember to keep those gloves away from your face all the time -- it's just risky business.

Of all the advantages of the electronic poker tables, I was aware of many:  faster play, no one can act out of turn or show their cards prematurely, pots are automatically "chopped" without error, no misdeals, no player errors except their own mistakes in betting, and on and on ...  but then someone said they thought they were experience less frequent colds due to the lack of need to handle chips and cards, which I added to the list.  But with social distancing, even that won't work, unless they can re-wire the systems and have 8-9 players in a game sitting at 4-5 separate tables.

On Thursday, April 16, 2020, 11:54:09 PM EDT, K/J Haka kjhaka@yahoo.com [vpFREE] <vpfree@yahoogroups.com> wrote:




One thought that has passed my mind is -- will casinos (or gov?) use this whole corona virus
pandemic and it's most reputable characteristic of attacking through the respiratory system
as an "excuse" to go smoke-less?



On Thursday, April 16, 2020, 3:36:05 PM CDT, ROBERT HANNU RWHANNU@aol.com [vpFREE] <vpfree@yahoogroups.com> wrote:



>>Masks should be mandatory for all persons in the casino public areas. <<

****************Hard to drink those free drinks and smoke with a mask on.






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