08-30-2013, 04:15 AM
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making it rain
Industry Role:
Join Date: Oct 2003
Location: seattle
Posts: 22,197
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Quote:
Originally Posted by Barefootsies
I am not sure where all of your guys are playing? That is, if you're talking about Vegas or your local casinos.
I know for the casinos around here, they are Indian. You only have to "pay tax" at the cage on any slot type winnings over like $600.00. If you win on the tables, you have to fill out a form ONCE per year if its' higher than $10,000.00 in a 48 hour period. For example, you win $5k in two days back to back or over $10k in a single day. They do not tax or take anything from you on the pay out, you just have to fill out the form.
As I have mainly played tables, I have never been taxed at the casino, even in Vegas.
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The mandatory 30% tax happens if you are a foreign visitor and thus unable to provide an SSN.
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