Look what I won this morning

Quote

Originally posted by: Roulette Man

I see the $10 price of the scratcher. That is expensive for a scratch off card.



I do believe that Texas has $50 Scratch Tickets.

Loyd, can you verify ?


Rick
Quote

Originally posted by: Rock'n Rick
Quote

Originally posted by: Roulette Man

I see the $10 price of the scratcher. That is expensive for a scratch off card.



I do believe that Texas has $50 Scratch Tickets.

Loyd, can you verify ?


Rick



Yes they do. Sometimes I will be a 20 dollar one but not often.

Quote

Originally posted by: Rock'n Rick
I do believe that Texas has $50 Scratch Tickets.

Texas did have a $50 scratch-off in 2013: $7,500,000 FORTUNE!. In fact, there was an earlier 2012 scratch-off for $50 begun in January 2012

DonDiego supposes the 2013 game still persists, as only one of the three $7.5-million prizes has been claimed. And only two of the three $7.5-million prizes have been claimed in the earlier game.
Ref: Top Prizes Claimed
Make a $50 bet via scratch off, pay the state $25. Make a $50 blackjack bet, pay the casino less than 25 cents.

Quote

Originally posted by: albeadle33
Quote

Originally posted by: Chilcoot
Be careful not to confuse "I do not have to report it" for "I don't have to pay taxes on it." They are not the same.

It's true that the lottery doesn't have to give you a W2-G and file it with the IRS. But you do have to pay income taxes on the $1,000. To deduct your losses, you must be able to provide receipts, tickets, statements or other records that show the amount of both your winnings and losses. If you can't do that, the $1,000 is taxable as income.


That's just another uneducated statement by the resident liberal. You can deduct losses IF you want, and whether you actually had them or not. You only MAY need offsetting receipts if you get audited and if they want to see them.

Now let's see a show of hands for those who win a few thousand this year and choose to report it in that manner so they can pay more taxes! So onto the real world: who here wins net and chooses to deduct gambling losses on schedule A up to the amount of those wins so they won't be taxed on the wins? Thought so.


Exactly. If they say they won't report it to the IRS and I don't get a W2G then screw them. What they don't know want hurt them.

I think it is bullshit they want to tax winnings. They sure as hell didn't give you give the money to gamble.


Leona Helmsley
16 years


Martha Stewart
18 months


Al Capone
11 years


Wesley Snipes
3 years


Heidi Fleiss
3 years


Willie Nelson
$16.7 million


Nicolas Cage
$6.2 million


Pete Rose
5 months, $50,000 fine, 1,000 hours of community service
Congrats on the win!
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