(if over the $600 taxable limit) for you, putting himself down as the winner, then paying you.
For this service, the Ten Percenter charges you 10%.
That way, you do not have to report the winnings.
This practice is illegal, but it happens. If you are
"connected", you will know who the Ten Percenters are.
Bob: "what's that after taxes ?"
Mikey: "taxes ? I'll giv it to Vin.
He's the Ten Percenter in this joint."