http://abcnews.go.com/blogs/business/2012/02/super-bowl-50k-miracle-bets-goes-to-charity/ The latest Business news and blog posts from ABC News contributors and bloggers. Sat, 18 May 2013 01:12:24 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://abcnews.go.com/blogs/business/2012/02/super-bowl-50k-miracle-bets-goes-to-charity/#comment-1198882 MyTake Thu, 09 Feb 2012 07:03:30 +0000 http://abcnews.go.com/blogs/business/?p=56892#comment-1198882 When people win sport wagers, especially big ones, doesn't the sports book take out the taxes up front? If so, Mr. Rechnitz will have to come up with about $12000 out of his own pocket to give the $50000 to charity and then ecoup the money when he files his taxes next year (unless he can assign the winning over to the charity directly, maybe). When people win sport wagers, especially big ones, doesn’t the sports book take out the taxes up front? If so, Mr. Rechnitz will have to come up with about $12000 out of his own pocket to give the $50000 to charity and then ecoup the money when he files his taxes next year (unless he can assign the winning over to the charity directly, maybe).

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