I have a good one actually. A liquor store.
I have a good one actually. A liquor store.
What about a gas station?
2013: +8.24u(increased unit size on 5/19)
Favorites: 20-6 + 6.13u
Underdogs: 10-19 -2.51u
Ludo's Locks Parlay Project: +1.4u
2012: +20.311u
How about a Fat Scientist T shirt company. You make T shirts for actual Fat Scientists.
I have a question. Has anyone here ever paid taxes on their winnings? Anyone ever hear of someone getting caught for not paying?
Random fact: There is essentially no such thing as an overweight physicist. I have no idea why this is the case.
Working in a field (optical physics) where some people come from a physics background and others come from an electrical engineering background, I can often tell who came from which field based solely on girth.
Never paid taxes on my winnings, not planning on it.
My physics prof was thin, so I think your hypothesis holds water. Do a study on it.
Fuck you guys, thanks for your "help". I am especially thankful for the socks that make your feet cold idea.
2012: +19.33
2012 Parlay project: +16.5u
One of my buddies actually made a fortune on liquor stores. It is a cash business too. He has also been shot at twice and had about 5 attempts to rob him (since he is a 270# bjj and judo bb, no one has actually been successful yet).
But I don't drink alcohol, and my family is full of alcoholics, so I don't think it is a good fit.
2012: +19.33
2012 Parlay project: +16.5u
^^ curious to know what you mean. I think it is pretty clear that it is miscellaneous income, taxed at the marginal rate.
2012: +19.33
2012 Parlay project: +16.5u
If I could figure out a way to pay a more reasonable rate, I would probably do it. Maybe if I keep it in my account for over a year, I can claim it is long term capital gains...
2012: +19.33
2012 Parlay project: +16.5u
The question is how to deduct losses (if at all).
edit: As I understand it, you need to pay taxes separately on each "gambling session". So there is also the question of what constitutes a session. I am figuring that all bets placed in a given day can count as a session, but that's just my own uninformed guess.