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Author Topic: Joisey money grab.....  (Read 2560 times)

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firhill

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Joisey money grab.....
« on: January 11, 2021, 10:18:36 PM »
Is it true that you must pay an extra 6.625% of claiming price on any horse claimed in the state of NJ for the first claim of said horse in any calendar year?
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toothman

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Re: Joisey money grab.....
« Reply #1 on: January 11, 2021, 10:23:10 PM »
always been that way in ny as long as i can remember
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Hung Every Step

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Re: Joisey money grab.....
« Reply #2 on: January 11, 2021, 10:38:16 PM »
7% at Pompano
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  • MTP1972: The year I hit that ticket for $5500 which they took out 31% at the window my income was very low that year so I did get back all of it as a refund.
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  • MTP1972: One year a long time ago I cashed IRS tickets for some people totaling around $40,000 making around $4000 doing so. I picked up thousands and thousands in losing tickets, kept programs and a daily log of how I did. When I filed my tax return that year and claimed them as losses I was audited by some old fart who didn't know shit. At the end of the audit he said I showed enough proof I lost the money back and he'd submit it in his report. 6 months later I get a notice from IRS saying my proof wasn't good enough and included a tax bill of $12,000, which I never paid because after 10 years they forgave it. Unforunately my state piggybacked on it and sent me a tax biil for $3200 which I disputed and they kept adding on interest and late fees. Finally 2 years later my bill was up to $8000 and they sent a wage attachment to my employer si I got fucked big time.
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  • MTP1972: Back at Garden State Harness I hit an $11,000 trifecta for a $1 on a horse, Speedy Wright, driven by Mark Kesmodel paid $11 to win. The exacta paid $60 but a real bomb finished 3rd. Unforunately at that time if your winnings were over $5000 they automatically took out 28% + another 3% for NJ State Tax leaving me with only $3800 from a $5500 ticket.
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