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#1
03-01-2007, 03:08 PM
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Signers
Can someone please explain how signers work? I almost had one yesterday and now am determined to have one this weekend. . .
In particularly, what percentage of winnings they take for tax?
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@BDiDonatoTDN Last edited by hockey2315 : 03-01-2007 at 03:19 PM. 
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#2
03-01-2007, 03:14 PM
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I believe 20% (not positive though). Good luck getting a signer this weekend! If you find out which race it will be in.. please post the picks cause I wouldnt mind a signer also!
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#3
03-01-2007, 03:14 PM
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I think it's different from place to place -- as for me, I've possibly never had a signer big enough to get taxes taken out on the spot.
I've never had to pay taxes up front, but I've had to sign and therefore had to without a doubt claim on my tax return. Actually just claimed last year's 
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#4
03-01-2007, 03:16 PM
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over 5000 is 28%
no tax taken out if below 5k between 602-5000 you still have to sign but no taxes taken out
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#5
03-01-2007, 03:18 PM
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all i know is if you win 600 or more for a $1 bet then you have to sign for it.
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#7
03-01-2007, 07:45 PM
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600 or more in ny on a doller bet you do have to sign... i hit 4 pick fours in 06 for a doller that i recived over 600 on and had to sign for everyone.
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#8
03-01-2007, 08:54 PM
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this has been my experience as a rule you want to make multiple $1 exotic wagers instead of $2 and above in hopes that your half will be under. There is nothing more deflating than to win $602.10. It's like losing but not. Everyone laughs and throws things at you.
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