Is this possible, will it work?

[Gander]

You pay taxes when you hit for $600 or higher based on a $2 ticket.

Say if you hit a double that pays $700 for $2. If you were smart enough to place $1 tickets you would be exempt from the taxes. But if you made a straight $2 wager or higher you pay taxes. Always make $1 wagers on exotics.