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-   -   income taxes, from a gambling standpoint (http://archives2.twoplustwo.com/showthread.php?t=233278)

tinhat 04-15-2005 05:44 PM

income taxes, from a gambling standpoint
 
I have a tax amount OWED of $750. I guesstimate penalty/interest for not reporting of something like $200 maybe.

I have no real reads on my opponent (TAA I imagine, where "A" doesn't stand for "aggressive") but they pay very little attention at the table so I'm probably flying under the radar. My outs if called are 1) hiring an attorney, 2) negotiating lower penalty/interest, 3) leaving the country.

So from a gambling standpoint, is risking the $200 against the potential $750 saved a sound betting proposition?

Mike (which isn't my real name)

tiltaholic 04-15-2005 05:55 PM

Re: income taxes, from a gambling standpoint
 
Plus and minus EV does not always apply to life

btspider 04-15-2005 06:09 PM

Re: income taxes, from a gambling standpoint
 
yeah, screw funding for schools, roads, and everything else.

wyoak 04-15-2005 06:12 PM

Re: income taxes, from a gambling standpoint
 
uhm...isn't intentionally underreporting income fraud?


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