The most prestigious law school admissions discussion board in the world.
|
 |
 
|
BBB screwing over professional gamblers is 180
Poast new message in this thread
Date: July 2nd, 2025 1:06 PM Author: razzle-dazzle silver haunted graveyard (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066385) |
Date: July 2nd, 2025 1:07 PM Author: Vivacious Dull Travel Guidebook Rehab how does it do that? (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066387) |
 |
Date: July 2nd, 2025 1:09 PM Author: razzle-dazzle silver haunted graveyard 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) |
|
Date: July 2nd, 2025 1:12 PM Author: Floppy Chrome Area (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066406) |
|
Date: July 2nd, 2025 1:12 PM Author: Vivacious Dull Travel Guidebook Rehab wow lol (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066407) |
|
Date: July 2nd, 2025 1:12 PM Author: Floppy Chrome Area (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066410) |
|
Date: July 2nd, 2025 1:14 PM Author: purple church building This is actually very good (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066414) |
|
Date: July 4th, 2025 9:20 PM Author: twinkling business firm party of the first part (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072917) |
|
Date: July 2nd, 2025 1:30 PM Author: big therapy LOL, fuck CSLG (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066455) |
|
Date: July 2nd, 2025 6:31 PM Author: Green zombie-like son of senegal wow (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49067169) |
|
Date: July 4th, 2025 9:20 PM Author: twinkling business firm party of the first part Lol (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072916) |
|
Date: July 4th, 2025 11:38 PM Author: big therapy 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) |
|
Date: July 2nd, 2025 1:13 PM Author: Rose elite heaven weed whacker 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) |
|
Date: July 2nd, 2025 4:12 PM Author: copper passionate stage yeah this is like raising taxes on income from drug trafficking.
this will probably fuck over draftkings addicts which imagine is the whole point. |
|
Date: July 2nd, 2025 5:14 PM Author: Pea-brained spot liquid oxygen Pros aren't using apps. (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066987) |
|
Date: July 2nd, 2025 6:13 PM Author: copper passionate stage 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) |
|
Date: July 2nd, 2025 6:28 PM Author: Pea-brained spot liquid oxygen 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) |
|
Date: July 2nd, 2025 6:34 PM Author: copper passionate stage 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) |
|
Date: July 2nd, 2025 1:13 PM Author: Electric genital piercing internal respiration 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) |
|
Date: July 2nd, 2025 1:14 PM Author: razzle-dazzle silver haunted graveyard 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) |
|
Date: July 2nd, 2025 3:01 PM Author: Lake excitant associate (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066690) |
|
Date: July 2nd, 2025 3:44 PM Author: Pea-brained spot liquid oxygen This is 180. Get the pros out. (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066788) |
|
Date: July 4th, 2025 5:12 PM Author: idiotic indian lodge (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072404) |
|
Date: July 4th, 2025 6:09 PM Author: big therapy this guy:
https://frontofficesports.com/mike-crapo-gambing-big-beautiful-bill/ |
|
Date: July 4th, 2025 9:22 PM Author: twinkling business firm party of the first part Lol 180 (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072921) |
|
Date: July 4th, 2025 9:21 PM Author: twinkling business firm party of the first part 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) |
|
Date: July 2nd, 2025 3:18 PM Author: Sooty range 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/ |
|
Date: July 2nd, 2025 3:28 PM Author: crawly whorehouse The Kenny Amendment (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066753) |
|
Date: July 2nd, 2025 4:08 PM Author: Nubile Charismatic State Personal Credit Line The Better Business Bureau are unelected tyrants (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066846) |
|
Date: July 2nd, 2025 5:15 PM Author: charcoal ceo friendly grandma . (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066989) |
|
Date: July 5th, 2025 9:46 AM Author: rusted doobsian black woman philosopher-king (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49073704) |
|
Date: July 2nd, 2025 4:16 PM Author: Fiercely-loyal self-absorbed indirect expression station 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) |
|
Date: July 2nd, 2025 4:20 PM Author: Nubile Charismatic State Personal Credit Line Just win your bets dude (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066885) |
|
Date: July 2nd, 2025 6:28 PM Author: talented misunderstood sandwich 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) |
|
Date: July 3rd, 2025 5:07 AM Author: purple church building ?
I you bet $100 and you lose $100, you don't need to pay tax on top of the $100. |
|
Date: July 3rd, 2025 5:26 AM Author: Aqua dashing market toaster 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) |
|
Date: July 3rd, 2025 11:46 AM Author: costumed scourge upon the earth cuckold 180 (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49068909) |
|
Date: July 4th, 2025 5:10 PM Author: big therapy 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/ |
|
Date: July 4th, 2025 5:15 PM Author: idiotic indian lodge “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.” |
|
Date: July 4th, 2025 5:29 PM Author: trip sadistic macaca trailer park 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) |
|
Date: July 4th, 2025 5:32 PM Author: razzle-dazzle silver haunted graveyard (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072440) |
|
Date: July 4th, 2025 5:42 PM Author: idiotic indian lodge 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) |
|
Date: July 4th, 2025 5:42 PM Author: big therapy 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) |
|
Date: July 4th, 2025 5:42 PM Author: Honey-headed Impertinent Gas Station 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) |
|
Date: July 4th, 2025 5:46 PM Author: Erotic Goal In Life French Chef (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072470) |
|
Date: July 5th, 2025 10:37 AM Author: twinkling business firm party of the first part 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) |
|
Date: July 4th, 2025 5:52 PM Author: razzle school cafeteria 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) |
|
Date: July 4th, 2025 6:10 PM Author: big therapy can an AI give legal advice? (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072541) |
|
Date: July 4th, 2025 6:13 PM Author: Fishy Flirting Knife 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. |
|
Date: July 4th, 2025 8:56 PM Author: canary hunting ground 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) |
|
Date: July 4th, 2025 9:47 PM Author: canary hunting ground https://x.com/PhilGalfond/status/1940198538493010316 (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072961) |
|
Date: July 5th, 2025 9:40 AM Author: Green zombie-like son of senegal 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) |
|
Date: July 4th, 2025 9:51 PM Author: canary hunting ground 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. |
|
Date: July 4th, 2025 11:38 PM Author: big therapy https://x.com/Benny_Lapdance/status/1941168230984466799 (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49073181) |
|
Date: July 5th, 2025 9:47 AM Author: bearded thriller chapel 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) |
|
Date: July 5th, 2025 10:06 AM Author: idiotic indian lodge 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) |