Winning a grand will only result in putting me in the next higher tax bracket.
I'll be donating any such winnings.
Bob
Seems hard to believe another grand will put you in a higher tax bracket unless your on a salary based job. But regardless this is a gift card not cash so the entire concept is pointless.
PCB Reflections LLC
Specializing in Corrections and Protection
Servicing Greenville SC & Surrounding Areas
Seems hard to believe another grand will put you in a higher tax bracket unless your on a salary based job. But regardless this is a gift card not cash so the entire concept is pointless.
Not a concept; and not pointless!
The IRS DOES require that you claim each and every prize on your tax return. It's known as: Other Income.
It is up to the individual if they follow these rules, or not.
I'd wager that interlopers don't follow these IRS rules.
However...since I follow their rules: I'd have to report those winnings as well.
Now on with your show:
This is it.
Bob
"Be wary of the man who urges an action in which he himself incurs no risk." ~Joaquin de Setanti
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Originally Posted by swanicyouth
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