FlyerTalk Forums - View Single Post - Borgata Comp System
View Single Post
Old Feb 5, 2013 | 6:53 pm
  #129  
baccarat_king
10 Countries Visited
20 Countries Visited
30 Countries Visited
20 Years on Site
 
Join Date: Jun 2005
Location: PBI | Formerly CLT, LHR & AMS (with just a bit of PSP)
Programs: Proud AA CK Spouse, AA Plat, HH Diamond, BonVoy Titanium, Caesars7* (comp), Wynn Black, HR Icon
Posts: 8,208
Originally Posted by brooklynmatt
I'm always worried about the tax implications. It annoys me no end when I finish a trip and they have net out by 2-3K.

Personally it feels wrong, I look at trips like this like a profit center and if the IRS does too (by wanting to tax the win) then they should realize a profit center comes with costs.

Furthermore it annoys me even more when the Hosts come back with 'oh you won, we didn't comp you for the entire trip, but you still made out' after you kick the dealers the profit they think you won and you walk out with less money than you started with.
I feel your pain (but, quite frankly, I only tip "on-top" for dealers; and if I hit a nice run, so do they....)

But, there are many ways around the problem you mention above; and none of the ones that come to mind have the sheer complexity of messing with the IRS.
baccarat_king is offline