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Old 07-25-2013, 08:53 AM
robfla robfla is offline
Calder Race Course
 
Join Date: Mar 2007
Location: Strategically between Calder and Gulfstream
Posts: 1,892
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Quote:
Originally Posted by Scav View Post
Depends on the state your in in regards to state taxes but federal wise, unless its over 5k per $2 (also 5k per $1 per or 5k per 50cent), they will not take anything unless you ask them to.

And if it is over 5k, they take 25%

I believe this varies slightly by each state as well
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