http://www.bankrate.com/brm/itax/tax_adviser/20080117_gambling_winnings_tax_a1.asp Q: Dear Tax Talk: I go to the casinos around my area and play a variety of games. On some winnings I get a 1099 and on others of the same amount I don't. Don't they have to give me a 1099 when I win more than $600? -- Bob A: Dear Bob, The chances of getting a 1099 depend on the amount and the odds of your wager. In a pari-mutuel or lottery setting, the general rule is that to be reportable on Form W-2G the payout has to be 1) $600 or more and 2) 300 times more than the wager. In a casino setting, the rules differ. These requirements do not apply to winnings from bingo, keno and slot machines. In bingo and keno, game winnings are aggregated; in slots they are not, for obvious reasons. For example, if you have $1,000 in credits on a $1 slot machine and you hit a spin for a $1,200 or more payout, only the one win is reportable. The existing credits are not aggregated to determine the reportable winnings, as there is no determination as to the number of bets. When these gambling winnings are reportable: • The winnings (reduced by the wager) are $1,500 or more from a keno game. • The winnings (not reduced by the wager) are $1,200 or more from a bingo game or slot machine. If you play table games, for the most part your winnings are not reportable. Generally, no tax is required to be withheld unless the winnings exceed $5,000. If the winnings exceed $5,000, then 25 percent can be withheld from the entire amount for income taxes. Form 1099 is used to report prizes and awards, such as winnings from TV shows. The $600 threshold also applies for these types of winnings.
I play poker (not video poker) and it is 600 for that if you hit a bonus (at least at the places I have played at).
It Rains Diamond On Neptune and Uranus. http://www.unbelievable-facts.com/2012/06/it-rains-diamond-on-neptune-and-uranus.html
Astronaut Chris Hadfield made the first music video shot in space. The video is to "space oddity" by David Bowie. Fitting. [video]http://youtu.be/KaOC9danxNo[/video]
The average person has .14 grams of fecal mater on their rectum. Remember that the next time your at a public pool or salad tossing.
The dunce cap of schoolhouse fame originates from a paper cone that was placed on the heads of accused witches during the Middle Ages. When Joan of Arc was martyred, she was wearing one of them.
Being born in Detroit and being from a long line of Detroit automotive workers, mostly for Ford, I've probably heard all of those crazy-but-true stories throughout the years. Ford was also the only American mentioned in Mein Kampf (where he's referred to as a "great man"), Hitler kept a life-sized Henry Ford painting in his study, and early Volkswagen models used the Model-T design. Then of course, there's "The International Jew,"... http://www.biblebelievers.org.au/intern_jew.htm Regardless of Ford's antisemitism though, Ford's still a great company, a company that did not take the federal bailout like the corrupt Government Motors, and here's a random fact - Ford has had both the best selling pick-up and sports car for over a decade.
Many of my relatives growing up would not ride in a German car or a Ford car. But the anti-Semites from those days are long gone, and I have no reason to believe there is still that frame of mind. So I have no problem with buying their cars today. I may actually buy a new car later this year, and I will be looking at fords. I don't love them, but they are a good mix of affordable, well built and fun. If I had a few more bucks I'd be looking at German automobiles.
