\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

BBB screwing over professional gamblers is 180

...
ruddy pozpig
  07/02/25
how does it do that?
adventurous up-to-no-good halford field
  07/02/25
limits gambling loss offsets to 90%. so say you break even w...
ruddy pozpig
  07/02/25
...
pungent aromatic spot nibblets
  07/02/25
wow lol
adventurous up-to-no-good halford field
  07/02/25
...
pungent aromatic spot nibblets
  07/02/25
This is actually very good
Histrionic Generalized Bond
  07/02/25
...
vibrant space
  07/04/25
LOL, fuck CSLG
Ocher stimulating place of business haunted graveyard
  07/02/25
wow
heady cream headpube tanning salon
  07/02/25
Lol
vibrant space
  07/04/25
or in this guy's case, you pay tx on $1 million!
Ocher stimulating place of business haunted graveyard
  07/04/25
all of those professional gamblers and poker players are com...
sick supple point sandwich
  07/02/25
yeah this is like raising taxes on income from drug traffick...
azure range
  07/02/25
Pros aren't using apps.
Rose corn cake
  07/02/25
no shit. im agreeing that this wont hurt the pros but seems ...
azure range
  07/02/25
You can't deduct losses at all unless you are a pro.
Rose corn cake
  07/02/25
i get that youre running retard shtick bait now but we all k...
azure range
  07/02/25
why did that even get added? seems totally random considerin...
Arousing metal wagecucks
  07/02/25
someone in the senate added it last minute. no idea who, but...
ruddy pozpig
  07/02/25
...
nudist filthy puppy
  07/02/25
This is 180. Get the pros out.
Rose corn cake
  07/02/25
...
Infuriating theater dingle berry
  07/04/25
this guy: https://frontofficesports.com/mike-crapo-gambin...
Ocher stimulating place of business haunted graveyard
  07/04/25
Lol 180
vibrant space
  07/04/25
Yeah, now if only they had done the same thing with upping t...
vibrant space
  07/04/25
they should update the outdated jackpot threshold while they...
smoky brunch mad-dog skullcap
  07/02/25
The Kenny Amendment
vermilion school cafeteria stain
  07/02/25
The Better Business Bureau are unelected tyrants
Flickering location twinkling uncleanness
  07/02/25
.
Jet Philosopher-king
  07/02/25
...
splenetic low-t gas station therapy
  07/05/25
I love how the party of limited government thinks it's 180 f...
Floppy elite home
  07/02/25
Just win your bets dude
Flickering location twinkling uncleanness
  07/02/25
correct -- pick winners at a 60% rate to break even and then...
Twisted Chrome Dilemma
  07/02/25
? I you bet $100 and you lose $100, you don't need to pay...
Histrionic Generalized Bond
  07/03/25
I think this bill was the opening of war on tipping. I'm not...
Soul-stirring Karate
  07/03/25
180
Rough-skinned sapphire center pocket flask
  07/03/25
I bet 90-95% of professional gamblers voted for Trump/Cons. ...
Ocher stimulating place of business haunted graveyard
  07/04/25
“If this goes through as it is written, I would basica...
Infuriating theater dingle berry
  07/04/25
oh man...the poker ecosystem is unlikely to survive! What w...
aphrodisiac dragon piazza
  07/04/25
...
ruddy pozpig
  07/04/25
we should crowdsource buying the syndication rights to Poker...
Infuriating theater dingle berry
  07/04/25
I wonder why they picked 90%, seems so arbitrary. only thin...
Ocher stimulating place of business haunted graveyard
  07/04/25
180 but it should tax all wins from sports gambling apps at ...
crusty sepia step-uncle's house
  07/04/25
...
coiffed turquoise market elastic band
  07/04/25
Tbh I'd be fine with leaving poker alone as long as we can p...
vibrant space
  07/05/25
Trade or business expense for professional gamblers and is 1...
passionate orchestra pit
  07/04/25
can an AI give legal advice?
Ocher stimulating place of business haunted graveyard
  07/04/25
online poker was fucked already and hardly anyone was making...
free-loading pit
  07/04/25
How does the government know how much you won or lost playin...
slate exciting crackhouse
  07/04/25
https://x.com/PhilGalfond/status/1940198538493010316
slate exciting crackhouse
  07/04/25
cr it's obviously a big deal if you're a high volume poker p...
heady cream headpube tanning salon
  07/05/25
https://forumserver.twoplustwo.com/29/news-views-gossip/big-...
slate exciting crackhouse
  07/04/25
https://x.com/Benny_Lapdance/status/1941168230984466799
Ocher stimulating place of business haunted graveyard
  07/04/25
if a lib did this xo would be screeching at the top of its l...
Razzle lilac mood
  07/05/25
not allowing GC twats to create a Biff future is core conser...
Infuriating theater dingle berry
  07/05/25


Poast new message in this thread



Reply Favorite

Date: July 2nd, 2025 1:06 PM
Author: ruddy pozpig



(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066385)



Reply Favorite

Date: July 2nd, 2025 1:07 PM
Author: adventurous up-to-no-good halford field

how does it do that?

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066387)



Reply Favorite

Date: July 2nd, 2025 1:09 PM
Author: ruddy pozpig

limits gambling loss offsets to 90%. so say you break even with 100k winnings and 100k losses. you have to pay tax on 10K income.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066395)



Reply Favorite

Date: July 2nd, 2025 1:12 PM
Author: pungent aromatic spot nibblets



(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066406)



Reply Favorite

Date: July 2nd, 2025 1:12 PM
Author: adventurous up-to-no-good halford field

wow lol

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066407)



Reply Favorite

Date: July 2nd, 2025 1:12 PM
Author: pungent aromatic spot nibblets



(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066410)



Reply Favorite

Date: July 2nd, 2025 1:14 PM
Author: Histrionic Generalized Bond

This is actually very good

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066414)



Reply Favorite

Date: July 4th, 2025 9:20 PM
Author: vibrant space



(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072917)



Reply Favorite

Date: July 2nd, 2025 1:30 PM
Author: Ocher stimulating place of business haunted graveyard

LOL, fuck CSLG

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066455)



Reply Favorite

Date: July 2nd, 2025 6:31 PM
Author: heady cream headpube tanning salon

wow

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49067169)



Reply Favorite

Date: July 4th, 2025 9:20 PM
Author: vibrant space

Lol

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072916)



Reply Favorite

Date: July 4th, 2025 11:38 PM
Author: Ocher stimulating place of business haunted graveyard

or in this guy's case, you pay tx on $1 million!

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49073183)



Reply Favorite

Date: July 2nd, 2025 1:13 PM
Author: sick supple point sandwich

all of those professional gamblers and poker players are complete tax frauds anyways

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066412)



Reply Favorite

Date: July 2nd, 2025 4:12 PM
Author: azure range

yeah this is like raising taxes on income from drug trafficking.

this will probably fuck over draftkings addicts which imagine is the whole point.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066858)



Reply Favorite

Date: July 2nd, 2025 5:14 PM
Author: Rose corn cake

Pros aren't using apps.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066987)



Reply Favorite

Date: July 2nd, 2025 6:13 PM
Author: azure range

no shit. im agreeing that this wont hurt the pros but seems more targeting at the apps.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49067122)



Reply Favorite

Date: July 2nd, 2025 6:28 PM
Author: Rose corn cake

You can't deduct losses at all unless you are a pro.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49067162)



Reply Favorite

Date: July 2nd, 2025 6:34 PM
Author: azure range

i get that youre running retard shtick bait now but we all know youre actually a retard too

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49067177)



Reply Favorite

Date: July 2nd, 2025 1:13 PM
Author: Arousing metal wagecucks

why did that even get added? seems totally random considering how thoroughly gambling has Taken Over in the US recently

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066413)



Reply Favorite

Date: July 2nd, 2025 1:14 PM
Author: ruddy pozpig

someone in the senate added it last minute. no idea who, but its 18000000

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066416)



Reply Favorite

Date: July 2nd, 2025 3:01 PM
Author: nudist filthy puppy



(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066690)



Reply Favorite

Date: July 2nd, 2025 3:44 PM
Author: Rose corn cake

This is 180. Get the pros out.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066788)



Reply Favorite

Date: July 4th, 2025 5:12 PM
Author: Infuriating theater dingle berry



(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072404)



Reply Favorite

Date: July 4th, 2025 6:09 PM
Author: Ocher stimulating place of business haunted graveyard

this guy:

https://frontofficesports.com/mike-crapo-gambing-big-beautiful-bill/

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072539)



Reply Favorite

Date: July 4th, 2025 9:22 PM
Author: vibrant space

Lol 180

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072921)



Reply Favorite

Date: July 4th, 2025 9:21 PM
Author: vibrant space

Yeah, now if only they had done the same thing with upping the remittance tax and fully deregulating small arms.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072919)



Reply Favorite

Date: July 2nd, 2025 3:18 PM
Author: smoky brunch mad-dog skullcap

they should update the outdated jackpot threshold while they are at it... it was set in the 1970s at $1200 but has not been updated since then to account for inflation.

https://www.casino.org/news/legislation-increase-tax-reporting-threshold-slot-machines-reintroduced/

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066723)



Reply Favorite

Date: July 2nd, 2025 3:28 PM
Author: vermilion school cafeteria stain

The Kenny Amendment

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066753)



Reply Favorite

Date: July 2nd, 2025 4:08 PM
Author: Flickering location twinkling uncleanness

The Better Business Bureau are unelected tyrants

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066846)



Reply Favorite

Date: July 2nd, 2025 5:15 PM
Author: Jet Philosopher-king

.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066989)



Reply Favorite

Date: July 5th, 2025 9:46 AM
Author: splenetic low-t gas station therapy



(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49073704)



Reply Favorite

Date: July 2nd, 2025 4:16 PM
Author: Floppy elite home

I love how the party of limited government thinks it's 180 for the bill to tax bets that players never even won. What a fucking joke

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066874)



Reply Favorite

Date: July 2nd, 2025 4:20 PM
Author: Flickering location twinkling uncleanness

Just win your bets dude

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066885)



Reply Favorite

Date: July 2nd, 2025 6:28 PM
Author: Twisted Chrome Dilemma

correct -- pick winners at a 60% rate to break even and then the rest is easy profit

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49067163)



Reply Favorite

Date: July 3rd, 2025 5:07 AM
Author: Histrionic Generalized Bond

?

I you bet $100 and you lose $100, you don't need to pay tax on top of the $100.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49068291)



Reply Favorite

Date: July 3rd, 2025 5:26 AM
Author: Soul-stirring Karate

I think this bill was the opening of war on tipping. I'm not doing more than 10% once tax free. Hopefully it goes to 0

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49068294)



Reply Favorite

Date: July 3rd, 2025 11:46 AM
Author: Rough-skinned sapphire center pocket flask

180

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49068909)



Reply Favorite

Date: July 4th, 2025 5:10 PM
Author: Ocher stimulating place of business haunted graveyard

I bet 90-95% of professional gamblers voted for Trump/Cons. Amazing how they fucked them over.

Apparently it was one senator who slipped this provision in at the last minute, presumably before gambling lobbyists could spot it...

https://frontofficesports.com/mike-crapo-gambing-big-beautiful-bill/

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072403)



Reply Favorite

Date: July 4th, 2025 5:15 PM
Author: Infuriating theater dingle berry

“If this goes through as it is written, I would basically just have to stop,” one professional gambler told FOS. “If I win $100 million and lose $99 million, that would be a great year, to have $1 million in profit! But with this bill, I would have to pay taxes on about $10 million in ‘gains’, which would turn my year into a $2 million loss.”

Poker player and author Maria Konnikova also walked through the math of how this would affect card players “If the purpose of this bill is to kill poker and stop people from playing, mission accomplished,” she told FOS. “The provision hurts you whether you have a winning year or a losing year—and the poker ecosystem is unlikely to survive the change.”

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072406)



Reply Favorite

Date: July 4th, 2025 5:29 PM
Author: aphrodisiac dragon piazza

oh man...the poker ecosystem is unlikely to survive! What will we do?

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072432)



Reply Favorite

Date: July 4th, 2025 5:32 PM
Author: ruddy pozpig



(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072440)



Reply Favorite

Date: July 4th, 2025 5:42 PM
Author: Infuriating theater dingle berry

we should crowdsource buying the syndication rights to Poker at Night and other shows like that. people will be watching that shit for decades to get a glimpse of what once was. like watching leave it to beaver

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072459)



Reply Favorite

Date: July 4th, 2025 5:42 PM
Author: Ocher stimulating place of business haunted graveyard

I wonder why they picked 90%, seems so arbitrary. only thing I can think of is that it's targeted at slot players because dont most slot machines give 90% payback, so for slot patrons I guess this evens out and only fucks over poker players (perhaps inadvertently).

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072458)



Reply Favorite

Date: July 4th, 2025 5:42 PM
Author: crusty sepia step-uncle's house

180 but it should tax all wins from sports gambling apps at 90%

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072455)



Reply Favorite

Date: July 4th, 2025 5:46 PM
Author: coiffed turquoise market elastic band



(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072470)



Reply Favorite

Date: July 5th, 2025 10:37 AM
Author: vibrant space

Tbh I'd be fine with leaving poker alone as long as we can put draftkings out of business

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49073762)



Reply Favorite

Date: July 4th, 2025 5:52 PM
Author: passionate orchestra pit

Trade or business expense for professional gamblers and is 100% deductible. This is legal advice.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072486)



Reply Favorite

Date: July 4th, 2025 6:10 PM
Author: Ocher stimulating place of business haunted graveyard

can an AI give legal advice?

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072541)



Reply Favorite

Date: July 4th, 2025 6:13 PM
Author: free-loading pit

online poker was fucked already and hardly anyone was making money at it anymore.

seems like live cash players will continue underreporting. live tournaments are going to take a huge hit.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072549)



Reply Favorite

Date: July 4th, 2025 8:56 PM
Author: slate exciting crackhouse

How does the government know how much you won or lost playing poker in Vegas? Can't you just lie about losses?

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072883)



Reply Favorite

Date: July 4th, 2025 9:47 PM
Author: slate exciting crackhouse

https://x.com/PhilGalfond/status/1940198538493010316

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072961)



Reply Favorite

Date: July 5th, 2025 9:40 AM
Author: heady cream headpube tanning salon

cr it's obviously a big deal if you're a high volume poker player

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49073697)



Reply Favorite

Date: July 4th, 2025 9:51 PM
Author: slate exciting crackhouse

https://forumserver.twoplustwo.com/29/news-views-gossip/big-beautiful-bill-potentially-very-bad-poker-players-us-1849192/index15.html

-No issue with this bill. Just means you need to collect 10% more losing horse betting slips!

-In reality it does suck, nothing good about, only bad. Mainly bad for high buyin tourney players and online players. Not really an issue for anyone else with some common sense.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072977)



Reply Favorite

Date: July 4th, 2025 11:38 PM
Author: Ocher stimulating place of business haunted graveyard

https://x.com/Benny_Lapdance/status/1941168230984466799

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49073181)



Reply Favorite

Date: July 5th, 2025 9:47 AM
Author: Razzle lilac mood

if a lib did this xo would be screeching at the top of its lungs about nanny state bullshit

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49073707)



Reply Favorite

Date: July 5th, 2025 10:06 AM
Author: Infuriating theater dingle berry

not allowing GC twats to create a Biff future is core conservatism, you retarded shitlib

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49073722)