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Old 04-15-2005, 05:44 PM
tinhat tinhat is offline
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Join Date: Apr 2005
Location: white courtesy phone
Posts: 288
Default 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)
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