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  #1  
Old 11-03-2009, 08:57 PM
Scav Scav is offline
Saratoga
 
Join Date: May 2006
Location: Northwest of The Chi
Posts: 16,012
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Quote:
Originally Posted by SundaySilence
You understand I didn't win anything...30K in signers and 30K in losses, so I should just give them 1K on no f*ck'n income...what so I can bet horses? You would have to be an addict or f*ckin brain dead to bet a horse in Illinois.
Did you count all the $1 exacta boxes that you won with?

This is there way to actually get revenue off gambling income. It isn't an exact science, but I would rather not have to keep unbelievably detailed records for them and just pay the 3% on the signers.
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  #2  
Old 11-03-2009, 08:59 PM
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pweizer pweizer is offline
Fairgrounds
 
Join Date: May 2006
Location: Leominster, MA
Posts: 1,599
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It is not just Illinois. I have the same situation in Massachusetts and a much higher state tax rate.

Paul
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