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REUTERS/Muhammad Hamed BAGHDAD Iraqi special forces pushed into a pocket of Islamic State-held territory in eastern Mosul on Tuesday, the military said, seeking to recapture the remaining districts under the group's control east of the Tigris river. The militants have been driven out of most eastern districts in their Iraqi stronghold in a 3-month-old U.S.-backed campaign. Iraqi troops have seized large areas along the river, which bisects Mosul from north to south. Capture of the entire east bank, which military officials say is imminent, will allow the army, special forces and elite police units to begin attacks on the city's west, still fully held by Islamic State. A military statement said Iraqi Counter-Terrorism Service (CTS) forces had pushed into the Eastern Nineveh and Souq al-Ghanam districts, which are flanked by areas held by Iraqi troops. A second statement said the CTS had also seized al-Muhandiseen district, nearly 3 miles further northwest, which lies a short distance from the river. CTS spokesman Sabah al-Numan told state television that more than 60 neighborhoods in eastern Mosul - out of a total of around 80 - had been recaptured since the start of the offensive in October. Advances have gathered pace in the new year thanks to improved battle tactics and better coordination between different military branches, U.S. and Iraqi military officials say. Further south, elite rapid response units of the Iraqi federal police have secured much of the eastern bank of the Tigris. A spokesman for the rapid response forces, Lieutenant-Colonel Abdel Amir al-Mohammedawi, said some Islamic State fighters had fled by boat across the river during the military's recent advances, taking civilians as human shields so forces could not fire at them.
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Big surprise: When Maryland bet on gambling, the casinos won. At the risk of over-simplifying Maryland's $40 billion-plus budget, the situation the state faced back in 2008 when it decided to legalize casino gambling was not that different from what many families were grappling with then. It was the scariest point in the great recession, and commitments made casino online during better times in the state's case, to ramp up education funding; in that of many families, to buy a bigger house with an adjustable-rate mortgage were suddenly looking unaffordable. Opening up a new state revenue stream in the form of legalized slots was more or less like a beleaguered homeowner getting a second, part-time job and putting all the new money toward covering part of the mortgage. It may have been the least painful decision available, and it may have allowed the family to pay the cable bill and order a pizza now and then, but it doesn't mean the house is getting paid off any faster. Likewise, casino revenues cover part of the money state law mandates for aid to public schools less than 10 percent, actually but nothing about the 2008 referendum allowing slot machines or the 2012 referendum expanding gambling changed the education funding formulas. The gambling money allowed the state to avoid other bad options, like additional tax increases or spending cuts on health care, public safety, the environment and other priorities, but it does not and never will result in a single extra dime going to education. So, voters, if you were surprised to read in Sunday's Sun that some school systems, including Baltimore's, are seeing cuts in state aid to education at a time when the state's casinos are taking in record revenues, all we can say is, we tried to warn you. When former Gov. Martin O'Malley proposed slots in 2007 with the ostensible purpose of aiding education, we called the notion "blatantly misleading" because he and his successors could "redirect general fund money that would ordinarily be spent on education for other purposes and thus make the impact of slots revenue on schools meaningless." In 2012, when he proposed expanding gambling by adding another casino in Prince George's County and allowing table games, we observed, "nothing in the law says that the state is actually required to spend more on education than it would have otherwise.
For the original version including any supplementary images or video, visit http://www.baltimoresun.com/news/opinion/editorial/bs-ed-casino-revenue-20170123-story.html
And it doesn't matter how much you win either -- you're technically required to report all of your gambling winnings and pay taxes accordingly. Continue Reading Below Image source: Getty Images. Taxes on gambling winnings It's nice to walk away a gambling winner, but before you start making plans to spend your newfound fortune, remember that the IRS is also due its share. You're required to pay taxes on cash winnings from things like: More From Fool.com Horse races Slot machines You're also required to pay taxes on non-cash winnings. If you win a vacation or a new automobile, you'll need to take the fair market value of your prize and include it as income on your tax return. Continue Reading Below ADVERTISEMENT Reporting requirements Any time you win money, even if it's a seemingly negligible amount, you're technically required to report it and pay taxes when you file your return. However, there are strict reporting requirements for winnings that meet these thresholds: $600 or more at a track, provided that amount is at least 300 times your bet $1,200 or more from a bingo game or slot machine $1,500 or more in winnings from keno $5,000 or more from a poker tournament Now the good news is that unlike income taxes, gambling winnings aren't subject to a progressive tax. This means that you'll pay the IRS the same percentage on $5,000 in winnings as you would on $100,000 in winnings. Generally, if your winnings meet or exceed the above thresholds, the casino or establishment in question will withhold 25% of your winnings in taxes before paying you your share.
For the original version including any supplementary images or video, visit http://www.foxbusiness.com/markets/2017/01/19/are-gambling-winnings-taxed.html
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