Originally Posted by
Tasha
I won roughly a $1,900 Jackpot (I got an unexpected Mystery Progressive Jackpot.

and received a W2G form and filed it with my taxes!

This is my first W2G form ever and it was extensive to tell you, I had to put the Cashier name/Number who processed the Jackpot and a LOT of other little things. As I filed my W2G Form I thought of how time consuming it would have been if I had about 20 W2G Forms to fill out.

Congratulations, did you also offset it with the losses over the year so it wasn’t a taxable event? Not sure if you pay any Federal Income Tax after deductions, as most working poor don’t. But if you do, and didn’t deduct you cost yourself money. And it also could mess up your EIC, which again many of your people have down to science by ensuring you don’t work too much that it hurts your maximum credit.
But the tax prep person at Liberty or Jackson Hewitt (I think they are the companies you people use) should have explained that to you. Anyways any gain was probably offset by the 300% interest loan you took to get an immediate refund. An entire industry was built off exploiting you people to get your refund sooner.
If you look it up on Urban Dictionary the term “nigger rich” was created during tax season.
And taking that refund and putting it toward the retirement savings you withdrew would be a great decision, but again, it’s not happening and we all know it.