1 In 2012, Carson was the Influential Marylander Award recipient from The Daily Record, Baltimore's legal and business newspaper. 2  In 2014, a poll of Americans conducted by Gallup ranked Carson sixth on a list of the most admired men in the world. 3  He is an emeritus fellow of the Yale Corporation.
Your gambling winnings are generally subject to a flat 25% tax. However, for the following sources listed below, gambling winnings over $5,000 are subject to income tax withholding: Any sweepstakes, wagering pool (including payments made to winnners of poker tournaments), or lottery.epending upon the amount of your winnings and the type of gambling, the establishment or payer may be required to withhold income taxes. In general, 25% of the amount is required to be withheld. In some cases, a backup withholding of 28% is required instead.
You can deduct your gambling losses, but there are some catches: You can deduct only as much as you won, not more. So if you lose $1000 playing slots, and then win a $400 keno jackpot, you can deduct only your $400 loss. You'll pay taxes on $600 of income. You can't carry over losses from one year to the next.