(Topic ID: 100252)

Twilight zone no fade in Michigan, very clean Playfield / shooter lane, need CPU

By ElectricCircuit

9 years ago


Topic Heartbeat

Topic Stats

  • 123 posts
  • 35 Pinsiders participating
  • Latest reply 9 years ago by blondetall
  • Topic is favorited by 2 Pinsiders

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This topic is closed.

There are 123 posts in this topic. You are on page 3 of 3.
#101 9 years ago

I'm sorry but I just have to ask, if you make $500,000+ a year on gambling alone, why bother with being a route op and deal with trying to sell used pins here?

Just wondering, as I'd find something less stressful to occupy my time.

Sorry about your dog as well.

#102 9 years ago

Amen RonB. A few months ago he was selling a Transformers and stated "Just need cash for another opportunity (my business) only reason I'm putting it up on the cheap. "

That is either a lie, or his money is all tied up in Swiss bank accounts and it inaccessible due to the tax implications when repatriating the cash.... or as unlikely as it sounds.... maybe he is living paycheck to paycheck... nahhhhh, impossible!!! Not with that kind of income...

#103 9 years ago

*Note to self*.....Start gambling!

#104 9 years ago
Quoted from BillySastard:

ElectricCircuit said:
Oh I also make approx 6-9k a week on sports betting in Vegas. Also we have casinos here in Michigan; I profit about 3-4k a week there.
ElectricCircuit said:I could be a professional gambler if I could leave my family and go to Vegas but I just can't. I do fly there for march madness and make about 80-120k a year though.

Quick hypothetical-only calculations:

$500,000 of ordinary income, presuming no tax-sheltered investments equates to about $230,000 in income-tax due include SE tax & FICA, presuming 46% total tax bracket at that income.

If $800,000 as gross income flow through to schedule C, assume 50% of that as deductible expenses (way overestimated but this is all hypothetical anyhow), so $400,000 bottom line income on Schedule C taxed as ordinary income would equate to another $184,000 in income tax liability.

total tax liability per year: $414,000.00, or quarterly estimate payments of $103,500. Actually I think at that level, monthly estimate payments would be required, so $34,500 per month due the IRS in estimated tax payments. THAT'S a lot of quarters in pinball machine just for taxes.... 138,000 of them to be exact!

Pursuant to requirements imposed by the Internal Revenue Service, any tax advice contained in this communication (including any attachments) is not intended to be used, and cannot be used, for purposes of avoiding penalties imposed under the United States Internal Revenue Code or promoting, marketing or recommending to another person any tax-related matter. Consultation with a tax professional is recommended for proper advice.

-1
#105 9 years ago
Quoted from KeithinMI:

You are, of course, disclosing your $500,000 a year in gambling winnings on your income tax returns, right, including your additional $800,000 a year from pinball? 1.3 large is a lot to make and not tell Uncle Sam about.
Quick hypothetical-only calculations according to IRC:
$500,000 of ordinary income, presuming no tax-sheltered investments equates to about $230,000 in income-tax due include SE tax & FICA, presuming 46% total tax bracket at that income.
If $800,000 as gross, figure no corporate structure so income would flow through schedule C, assume 50% of that as deductible expenses (way overestimated but this is all hypothetical and for schiznits & giggles anyhow), so $400,000 bottom line income on Schedule C taxed as ordinary income would equate to another $184,000 in income tax liability.
total tax liability per year: $414,000.00, or quarterly estimate payments of $103,500. Actually I think at that level, monthly estimate payments would be required, so $34,500 per month due the IRS in estimated tax payments. THAT'S a lot of quarters in pinball machine just for taxes.... 138,000 of them to be exact!
Don't get behind - the IRS is not fun to deal with.
Oh - just for fun also -- pursuant to IRS Circular 230, this email is not intended to serve as tax advice, tax consultation or any other advice regarding tax payments, tax liability or avoidance thereof.
Pursuant to requirements imposed by the Internal Revenue Service, any tax advice contained in this communication (including any attachments) is not intended to be used, and cannot be used, for purposes of avoiding penalties imposed under the United States Internal Revenue Code or promoting, marketing or recommending to another person any tax-related matter. Consultation with a tax professional is recommended for proper advice.

I have no idea what you said sir, but I like it.

#106 9 years ago
Quoted from dantebean:

I have no idea what you said sir, but I like it.

I think it means he's interested in the game?

#107 9 years ago

Sorry bout the dog.

I beleive you stated that you put another cpu in to test but didn't look at the DMD? why not you could of tested all the switches at that time? Then you stated that you tested the DMD in another game. Just doesn't seem like the moves someone with your experiance would do.

#108 9 years ago
Quoted from CaptainNeo:

This is true. Craps and Bac are the two games where your odds are the best. But if you want to play craps with the best odds. Only thing you can play is Pass and Odds. Which is boring as shit to play that way, but you do have 50% chance.

Actually, IIRC, blackjack is the 'best' odds in gambling. If you play a "perfect" bjack game, the odds run 51:49 in the house's favor. "Perfect" being defined as both 'perfect' play with hands and 'perfect' betting strategy.

I am always quite amused by people who claim to consistently have "big winnings" from casinos. That usually means one of two things:
a) the statements are disingenuous;
or
b) their "big winnings" are accompanied by even bigger losses.

Think about it - trillions of dollars invested into a city built in the middle of the desert was not built upon casinos paying out big winnings to people.

#109 9 years ago
Quoted from Skins:

I think it means he's interested in the game?

Have one, but it is missing the undocumented playfield aerodynamic improvement shown circled in red in the picture a few posts back.

(No wonder I'm still bald!)

-4
#110 9 years ago

Keith I don't have a job we already went through this. I am a stay at home dog- father. I get pins from my dad's business and sell them for him even though it's none of your business anyhow. No need to throw numbers around anyone can calculate income taxes. You must feel powerful being a lawyer, no wait no one cares. And you must not make much in the business as you're trying to give people tax advice for free.

#111 9 years ago

Time to put this dude back on ignore - and drain.

-1
#112 9 years ago
Quoted from ElectricCircuit:

Keith I don't have a job we already went through this. I am a stay at home dog- father. I get pins from my dad's business and sell them for him even though it's none of your business anyhow. No need to throw numbers around anyone can calculate income taxes. You must feel powerful being a lawyer, no wait no one cares. And you must not make much in the business as you're trying to give people tax advice for free.

Ok so what I have gathered so far....

We are talking to a millionare gambler.
That gets hand-me-down pins and arcades from pops.
That mentally snaps at any judgement or questions. (confirmed now on 2 sites)
Brags about his income to strangers who don't care.
That has no job but states he makes $400 an hour.

If any of you believe this I have a very lucritive plot of land I would like to sell you.

#113 9 years ago

This thread gets my vote for "The Best of 2014". Some pretty funny/bizarre stuff in here

-6
#114 9 years ago

Obviously I'm screwing with you all here, you guys don't get my humor so I'll just keep confusing the hell out of you so you have no idea what to say. This is a for sale ad with mentally challenged people posting in it, that's all. Dante gather some more pins so you have a reason to be on this site buddy ever notice no matter how many people post in the thread that the game still sells? Your efforts are useless. Obviously you guys don't know what to think right now and I love the hell out of that. Keith I have sold you at least 1-2 pins I'm surprised you don't remember.

-2
#115 9 years ago
Quoted from btw75:

Time to put this dude back on ignore - and drain.

Please do that would Be much better for both of us. As you bring nothing to the table.

#116 9 years ago
Quoted from PinRob:

This thread gets my vote for "The Best of 2014". Some pretty funny/bizarre stuff in here

Your collection gets my vote for worst of 2014

#117 9 years ago
Quoted from ElectricCircuit:

Your collection gets my vote for worst of 2014

Thanks

#118 9 years ago
Quoted from dantebean:

Ok so what I have gathered so far....

If any of you believe this I have a very lucritive plot of land I would like to sell you.

OOO..... I want it. Is it a Home Use Only plot of land?

#119 9 years ago
Quoted from ElectricCircuit:

Your collection gets my vote for worst of 2014

That's a horseshit claim. JD and JM are both fun games. Even Baywatch is OK if you can get past the theme.

No worse than any machine in your current or previously owned list

#120 9 years ago
Quoted from ElectricCircuit:

Keith I have sold you at least 1-2 pins I'm surprised you don't remember.

I really don't think you want to open up that Pandora's Box about your sale of the "HUO" PoTC (replaced with the second "HUO" PotC) to me debacle.

-1
#121 9 years ago
Quoted from jwo825:

That's a horseshit claim. JD and JM are both fun games. Even Baywatch is OK if you can get past the theme.
No worse than any machine in your current or previously owned list

I honestly when making that thought there's no way I could find time to put every game I have or have had in that space. It would take hours. We have owned every game ever made except maybe 10-15

-1
#122 9 years ago
Quoted from KeithinMI:

I really don't think you want to open up that Pandora's Box about your sale of the "HUO" PoTC (replaced with the second "HUO" PotC) to me debacle.

Bullshit, huo? They were listed here and clearly did not say huo you're just making bullshit up now.

#123 9 years ago

Closed by OP request.

Sorry about your dog. We just had to put down one of ours a week ago. He was a former pit bull bait dog, severly abused, physically and mentally broken for awhile, then got congestive heart failure. He was given 6 months to live but lasted over 3.5 years, so he gave it all he could. The house is still too quiet though, even with 7 more rescue dogs to keep us busy.

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