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markmazur markmazur
 

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 M¢25  Funded By Mahalo ? |  June 16, 2009 08:46 PM

I won 1000 dollars. Does anyone know how much they are gonna take out in taxes?

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ayla_zed ayla_zed
 
 June 16, 2009 09:03 PM
At my local casino, they don't make you sign a tax paper as a winner until you hit $1,500.oo so there's that.

But no one can tell you how much you will actually owe on the $1,000 until the year is over. If it is your first and only $1,000 you will owe nothing at all. If it is your 250th $1,000 they may want all of it..lol... you can't know til tax time.


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hushnow hushnow
 
June 17, 2009 04:13 AM
Exactly! It depends on what tax bracket you are in.

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