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Old 10-15-2006, 11:00 PM
Sand Sand is offline
Senior Member
 
Join Date: Aug 2004
Posts: 446
Default Re: Poll: Do you claim taxes on your winnings?

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I don't know any winners making <15K that pay taxes. I seriously doubt the IRS is gonna run u down for a puny 15K anyway. Now, if you are making 25K+ its ur ass if you dont pay.

Indy

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I paid on 12k last year. It's small beans for sure, but I don't need the IRS getting fresh with me in ten years when I'm making 150-200k/yr at my real job. They "penalize" you however much they think they can make you pay.

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I am also surprised at the number of "no" votes. I also made ~15k last year and paid on every dime.

Rule #1 of adulthood - don't #### with the IRS.

I can move money around, in and out with impunity because I can back it up with the check I wrote. I don't have to worry about the IRS screwing up my real life and real job.

People who aren't paying just don't realize how downright nasty the IRS can get. They get mildly interested in you at 5k and very interested at 10k unreported income. Those numbers come from an IRS field agent.
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