02-01-2016, 04:38 PM
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#31
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Registered User
Join Date: Dec 2015
Location: Toronto
Posts: 1,934
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Quote:
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Originally Posted by highnote
Worse still is that winners of large payouts are double-taxed.
The money that goes into the betting pools is reduced by takeout -- part of which goes to taxes.
Then, winners of bets that meet certain conditions (like jackpot payoffs) have taxes withheld.
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That's insane.
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