Gay Marriage

Quote: DRich

Kewlj, as a self employed person what rate do you pay into unemployment? Is it a fixed percentage or a sliding scale? How often do you pay into it? I would assume quarterly but I really don't know.

I don't understand the question? Unless you are trying to make the point that because self employed don't pay into unemployment they should not be eligible to collect. Self employed don't pay into unemployment and are not eligible to collect....NORMALLY. The Cares act, has changed that for this particular situation.

If that is not the point you are making, perhaps you are mixing up thoughts on social security. Self employed do pay into that. I have a tax guy that specializes in self employed professional players. (probably only in Las Vegas can someone specialize in that and have nearly all clients fall into that category lol) I believe I pay quarterly and it is based on an estimate, which is then adjusted up or down at years completion.

And for a gambler that estimate will fluctuate a great deal compared to someone self employed as say a taxi driver. For a taxi driver, I would think the estimate is pretty stable. But as an AP and particularly a blackjack card counter AP, who plays with huge variance, I have not only quarters but entire years that vary greatly, by 10's of thousands of dollars.

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Quote: kewlj

I don't understand the question? Unless you are trying to make the point that because self employed don't pay into unemployment they should not be eligible to collect. Self employed don't pay into unemployment and are not eligible to collect....NORMALLY. The Cares act, has changed that for this particular situation.

If that is not the point you are making, perhaps you are mixing up thoughts on social security. Self employed do pay into that. I have a tax guy that specializes in self employed professional players. (probably only in Las Vegas can someone specialize in that and have nearly all clients fall into that category lol) I believe I pay quarterly and it is based on an estimate, which is then adjusted up or down at years completion.

And for a gambler that estimate will fluctuate a great deal compared to someone self employed as say a taxi driver. For a taxi driver, I would think the estimate is pretty stable. But as an AP and particularly a blackjack card counter AP, who plays with huge variance, I have not only quarters but entire years that vary greatly, by 10's of thousands of dollars.

Sorry, I thought self employed did pay into unemployment insurance just like Social Security. Yes, my belief is only people that do pay into it should be able to collect although now I understand that is not the case.

Quote: SOOPOO

if you have been declaring income as a professional gambler you ABSOLUTELY are eligible for unemployment assistance during the time the casinos are closed. Glad to hear you have recovered from COVID-19. Please consider being a plasma donor, if your other medical conditions do not prevent you from doing so. Of course you would need a positive test first!
Condolences on the loss of your partner.
Do you ever leave Vegas for your job? I know some of the other APs set up camp anywhere and everywhere when an opportunity pops up.

I will definitely donate for that antibody therapy once I test positive for antibodies. However, if you have been reading up on that, it is becoming very uncertain that recovering and having antibodies means what it normally does, which is some period of immunity.

Remember the story of the Teddy Roosevelt aircraft carrier, where several hundred sailors got the virus? Well story today that 5 of them that tested positive, got sick, recovered and then tested negative and were cleared (fully recovered) have now contracted the virus for a second time. The normal thing of recovering and then having immunity for a period may just not be the case with this virus. This virus is a nasty SOB.

Quote: DRich

Sorry, I thought self employed did pay into unemployment insurance just like Social Security. Yes, my belief is only people that do pay into it should be able to collect although now I understand that is not the case.

When I had a construction company that was inc., we paid UI on ourselves, and did collect at times. fwiw

Quote: DRich

Sorry, I thought self employed did pay into unemployment insurance just like Social Security. Yes, my belief is only people that do pay into it should be able to collect although now I understand that is not the case.

I share that belief. But if the government changed the rules and wants to throw money at me as they are doing for everyone else, I will gladly accept. :)

One of the arguments is that The Cares act and this new act that will probably pass in some form in the next few weeks isn't JUST about helping people get through this crisis, but is also part "stimulus" designed to help the economy not collapse entirely. I don't really buy into that but if that is the case and they are throwing money at everyone so people will spend and keep the economy going, keep throwing money at me and I will keep spending and doing my part. :)

Quote: petroglyph

When I had a construction company that was inc., we paid UI on ourselves, and did collect at times. fwiw

Yes, when I worked for myself I always created an LLC and did a formal payroll bi-weekly.

Quote: kewlj

I share that belief. But if the government changed the rules and wants to throw money at me as they are doing for everyone else, I will gladly accept. :)

I don't blame you at all. I do wonder if after this pandemic plays out if they will begin collecting UI from the self employed.

Quote: DRich

Yes, when I worked for myself I always created an LLC and did a formal payroll bi-weekly.

This was an option offered me when I went with my current financial dude. I briefly considered it, thinking there may come a time, that my partner couldn't work and this would allow him to collect UE. But it is really not set up that it is beneficial for a one or two man self-employed operation to handle it that way. You are better off just factoring in that unemployment is one of those things that you have to handle, as being self employed.

Welcome back kewlj. I am happy to see you participating. Your story of probability having the Corona Virus I find very interesting. Just yesterday I found out that Angela, who is seen in many of my videos, is finally getting over it.

You are more than welcome to discuss Vegas life and your life in general. My rule about not discussing gambling was to not appear to be competing with WoV. However, if you brush against the topic a bit, I probably won't mind.

Yes, you could call this a probation period, but I believe in probation. Again, welcome back.