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To: BGHater

If you assume he “works” 200 days per year, he has devoted 20,000 hours to this “job” over the last 10 years. If he truly collected $500,000, he made $25 per hour pretax. Do you suppose he reported this income to the IRS?


2 posted on 12/10/2009 11:33:55 AM PST by p. henry
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To: p. henry

‘It is all taxable income. “I file my winnings with the I.R.S. every year,” Mr. Leonardo said in his thick Dominican accent.’

Yep.


3 posted on 12/10/2009 11:36:34 AM PST by BGHater (America is a Kakistocracy.)
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To: p. henry
Do you suppose he reported this income to the IRS?

I think VINCENT M. MALLOZZI just did it for him.

7 posted on 12/10/2009 12:05:52 PM PST by Dixie Yooper (Ephesians 6:11)
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To: p. henry

Believe it or not, he might have a 1099 or something from the OTB. In most places, legal gambling facilities (as well as game shows) must report larger winnings to the IRS.


9 posted on 12/10/2009 12:34:45 PM PST by PrincessB (The comments written under this section shall not be treated as comments)
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