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slot machine taxes

Going to Vegas? Here's What You Should Know About Taxes if You

slot machine taxes

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slot machine taxes

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slot machine taxes Moreover, many states tax table games at lower rates than other types of gaming, such as slot machines In general, early adopters of commercial casinos  In some cases, the casino may withhold a portion of your slot machine winnings for tax purposes This withholding is mandatory for certain wins   Unless you are a professional gambler, gambling income is included as income on your taxes and it's taxed at a rate of 24% Casinos should withhold this portion

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