gambling winnings
Sunday, March 7th, 2010
What is the percentage you pay taxes on winnings from games of chance?
It depends on your income bracket. If you win, BIG, Figure 30 percent or more. But who really cares, you always get plenty and our government is our favorite charity. Consider it a donation. Remember, if you keep your receipts on your losses, you can deduct it from your winnings. Thank you to share your earnings with us. Your contribution will probably result in lower taxes for everyone.
Gambling and Taxes, A Tax Tips Video by Roni Deutch, A Professional Tax Corporporation