Recruiting Forum Football Talk III

[Cosmo Kramer]

ECUs catcher is just ass

Just like all your Negative Posts. Lol

 

[Devo182]

How are taxes done on those sites?

I know casinos are typically required to report single instance winnings of $1,000+. Wouldn't be surprised if it's the same for these sites.

But ultimately the individual has to properly claim the winnings (only net winnings...which few sports gamblers will attain...about 90% are long-term losers).

Guess they could evade it...but paying a small tax vs worry of being audited doesn't seem worth it and there's a lot more data out there than ever. Like people that tried to avoid crypto taxes years ago...then coinbase had to give up tons of info on people that cashed out over a certain amount. I've always seen the bit of taxes as worth my peace of mind...just my .02.

 

[Jackcrevol]

Unfortunately a common process to making foie gras is...well..disturbing to say the least.

yyyyyeaaaaa. hard pass.

 

[Devo182]

Vet just called. My cat went into cardiac arrest and passed away. Sometimes life sucks.

Holy crap man. So sorry. Ughhh. Our cats are family. Losing one is god awful. But you gave everything you could to save her.

 

[Volbucky]

No, you are wrong. He works with the kids.

I doubt it but I also don’t care. He just comes off like a moron that’s bitter and FOS

 

[Girth Brooks]

 

[bignewt]

I know casinos are typically required to report single instance winnings of $1,000+. Wouldn't be surprised if it's the same for these sites.

But ultimately the individual has to properly claim the winnings (only net winnings...which few sports gamblers will attain...about 90% are long-term losers).

Guess they could evade it...but paying a small tax vs worry of being audited doesn't seem worth it and there's a lot more data out there than ever. Like people that tried to avoid crypto taxes years ago...then coinbase had to give up tons of info on people that cashed out over a certain amount. I've always seen the bit of taxes as worth my peace of mind...just my .02.

Unless you are some big swinging d!ck gambler I don't think the IRS is going to worry about the $150 you won on an online gambling site.

 

[volbeast33]

Unless you are some big swinging d!ck gambler I don't think the IRS is going to worry about the $150 you won on an online gambling site.

I use to be a pretty decent gambler at one time…… won 20,000 one time….. 13-15,000 a couple times…… typically 5-10,000 by the end of my gambling season…. I gambled online overseas…. The govt at the time wasn’t allowed to tax any winnings so they were mad and trying to change laws…… I was just wondering what the tax laws were for stuff like fanduel if I decided to do it again.

 

[Catbone]

Just like all your Negative Posts. Lol

We could go undefeated in every sport for 5 years straight and I'd still believe we would lose every big game tbh. I have issues

 

[volbeast33]

We could go undefeated in every sport for 10 years straight and I'd still believe we would lose every big game tbh

We know

 

[Devo182]

Unless you are some big swinging d!ck gambler I don't think the IRS is going to worry about the $150 you won on an online gambling site.

If your total winnings for an entire year is $150...sure I'd say you have a little plausible deniability (not that that is an argument for not paying taxes). Still could be evasion nonetheless and the measly 15 or 20 bucks effective tax might be worth the hassle in the case of an audit. Cheaper than hiring a cpa/attorney to work your audit case.

Just like selling stock for a $150 gain or earning $150 at work. It is all taxable income.

Jmo but evading taxes on passive income, when millions of people are paying taxes working for minimal wages...just seems crappy. That was always my argument for paying crypto taxes. People are literally walking into money through passive activities (and luck in many cases) and are too good to pay taxes? Meanwhile average people are working 2 jobs and pay taxes on everything. It's just as much an ethical issue imo.

 

[OGbabyaviVol]

Bed pan, Horse Boy.

Definitely makes more sense, boat boy

 

[cHiZzLeVOL]

Congrats on your gender change surgery. We don't need pics, TIA.

DN!

 

[cHiZzLeVOL]

If your total winnings for an entire year is $150...sure I'd say you have a little plausible deniability (not that that is an argument for not paying taxes). Still could be evasion nonetheless and the measly 15 or 20 bucks effective tax might be worth the hassle in the case of an audit. Cheaper than hiring a cpa/attorney to work your audit case.

Just like selling stock for a $150 gain or earning $150 at work. It is all taxable income.

Jmo but evading taxes on passive income, when millions of people are paying taxes working for minimal wages...just seems crappy. That was always my argument for paying crypto taxes. People are literally walking into money through passive activities (and luck in many cases) and are too good to pay taxes? Meanwhile average people are working 2 jobs and pay taxes on everything. It's just as much an ethical issue imo.

Pretty sure it has to be over $600 or more dollars in winnings to be taxable.

Gambling Winnings Tax | H&R Block

 

[Devo182]

Any hope for Arkansas losing to NC State tonight? They're at least ranked and Arky almost blew their last series.

I really feel like only Vandy and Arky have a chance against us. If one, or both, could be taken care of ahead of time, the road ahead would look real nice.

 

[Devo182]

Pretty sure it has to be over $600 or more dollars in winnings to be taxable.

That may be a withholding limit, where the operator is required to withhold an amount, report and remit it. But any amount of year-end winnings is taxable to the gambler.

Sort of like $600 is the minimum for filing a 1099 for contractor earnings...but if you earn $500 of side money it is still taxable, it's just the payor isn't required to file something with the IRS. Ultimately, all income is taxable.

Edit: yes, this link is about withholdings.

Gambling Winnings Tax | H&R Block

"Gambling Taxes: 101
Here’s the truth with gambling taxes: both cash and noncash gambling winnings are fully taxable."

 

[tnhunter 10]

Vet just called. My cat went into cardiac arrest and passed away. Sometimes life sucks.

Sorry, my animals are part of my family. It sucks when they pass.

 

[GiggerVol]

Late to the party but my feeling on the cfb playoff is a field of 8. I don't think in any sport when playoffs start that teams should get byes. Seed them where 1 plays 8 etc. Of course seedings would be subjective as usual but I have no problem there. Have your 5 major conference champions plus 3 at large. I just think giving teams like Alabama, Clemson, etc a bye for being seeded in the top four with a 12 team format is still a bit unfair imo

 

[tnhunter 10]

Lol. I had to poke the newt a little.

For the record, I've never hunted deer or turkey at my property despite having some monsters. I have tried to take out coyotes, unsuccessfully. I've taken some groundhogs out because they're destroying my outbuildings.

View attachment 373319View attachment 373320View attachment 373321

This is one of my fields.
First pic are deer.
2nd pic are turkey.

 

[tnhunter 10]

View attachment 373324
We had a nice slaughter fest over the weekend as well. America

Nice. Where did you hunt?

 

[tnhunter 10]

how does one buy the cream Vols baseball jersey? I have had zero luck.

No luck. EVERYONE wants those jerseys.

 

[Nuctech777]

I know casinos are typically required to report single instance winnings of $1,000+. Wouldn't be surprised if it's the same for these sites.

But ultimately the individual has to properly claim the winnings (only net winnings...which few sports gamblers will attain...about 90% are long-term losers).

Guess they could evade it...but paying a small tax vs worry of being audited doesn't seem worth it and there's a lot more data out there than ever. Like people that tried to avoid crypto taxes years ago...then coinbase had to give up tons of info on people that cashed out over a certain amount. I've always seen the bit of taxes as worth my peace of mind...just my .02.

Taxation is theft

 

[VolsDoc81TX]

That’s a legal and ethical question that you will have to answer for yourself…. You may end up in jail for murder but personally, I am willing to look the other way.

Never said I would kill the poachers. Just put them in a situation where the animals have even footing. Then survival of the fittest wins out…

 

[VolsDoc81TX]

What's the point of killing big game like elephants, or rhinos, or big cats? I've never heard of people actually eating these animals, but maybe they do? Aren't elephants and rhinos endangered, or close to? If you're killing just for the thrill of killing, I don't get it. It's not something I would do. But I also won't sit in judgement. I'd guess I wouldn't get along well with those people, but if they're operating within the confines of the law, their action are on them.

White rhinoceros were just put on the extinction list. Not enough in the wild for the species to survive. Not enough in captivity to allow the species to survive either.

Since WWII 50% of the world’s wildlife is gone. Tell me that isn’t a problem. Too many humans.

 

[VolsDoc81TX]

They say since trophy hunting was legalized that it has helped these species grow. They typically allow you to hunt/kill the older non-reproductive males of a species….A lot of times the older males are territorial and causing harm to the herd.

Who’s “they” ? Show population of an endangered species over a decade or two decades. If population of said species has doubled then you may have an argument. Doubt that you can.