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BBB screwing over professional gamblers is 180
Poast new message in this thread
Date: July 2nd, 2025 1:06 PM Author: racy puce university circlehead (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49066385) |
Date: July 2nd, 2025 1:07 PM Author: Snowy genital piercing generalized bond how does it do that? (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49066387) |
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Date: July 2nd, 2025 1:09 PM Author: racy puce university circlehead 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=2...id.#49066395) |
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Date: July 2nd, 2025 1:12 PM Author: vengeful space milk (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49066406) |
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Date: July 2nd, 2025 1:12 PM Author: Snowy genital piercing generalized bond wow lol (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49066407) |
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Date: July 2nd, 2025 1:12 PM Author: vengeful space milk (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49066410) |
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Date: July 2nd, 2025 1:14 PM Author: provocative immigrant theater stage This is actually very good (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49066414) |
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Date: July 4th, 2025 9:20 PM Author: histrionic area (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49072917) |
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Date: July 2nd, 2025 1:30 PM Author: slimy roommate LOL, fuck CSLG (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49066455) |
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Date: July 2nd, 2025 6:31 PM Author: Opaque Parlor wow (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49067169) |
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Date: July 4th, 2025 9:20 PM Author: histrionic area Lol (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49072916) |
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Date: July 4th, 2025 11:38 PM Author: slimy roommate or in this guy's case, you pay tx on $1 million! (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49073183) |
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Date: July 2nd, 2025 1:13 PM Author: Fragrant Poppy Church Building all of those professional gamblers and poker players are complete tax frauds anyways (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49066412) |
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Date: July 2nd, 2025 4:12 PM Author: Arousing depressive boistinker yeah this is like raising taxes on income from drug trafficking.
this will probably fuck over draftkings addicts which imagine is the whole point. |
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Date: July 2nd, 2025 5:14 PM Author: Razzle-dazzle Wine Pistol Home Pros aren't using apps. (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49066987) |
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Date: July 2nd, 2025 6:13 PM Author: Arousing depressive boistinker 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=2...id.#49067122) |
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Date: July 2nd, 2025 6:28 PM Author: Razzle-dazzle Wine Pistol Home You can't deduct losses at all unless you are a pro. (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49067162) |
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Date: July 2nd, 2025 6:34 PM Author: Arousing depressive boistinker 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=2...id.#49067177) |
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Date: July 2nd, 2025 1:13 PM Author: Irradiated shrine 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=2...id.#49066413) |
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Date: July 2nd, 2025 1:14 PM Author: racy puce university circlehead 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=2...id.#49066416) |
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Date: July 2nd, 2025 3:01 PM Author: up-to-no-good dilemma (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49066690) |
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Date: July 2nd, 2025 3:44 PM Author: Razzle-dazzle Wine Pistol Home This is 180. Get the pros out. (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49066788) |
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Date: July 4th, 2025 5:12 PM Author: slap-happy institution cuck (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49072404) |
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Date: July 4th, 2025 6:09 PM Author: slimy roommate this guy:
https://frontofficesports.com/mike-crapo-gambing-big-beautiful-bill/ |
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Date: July 4th, 2025 9:22 PM Author: histrionic area Lol 180 (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49072921) |
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Date: July 4th, 2025 9:21 PM Author: histrionic area 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=2...id.#49072919) |
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Date: July 2nd, 2025 3:18 PM Author: silver kitchen 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/ |
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Date: July 2nd, 2025 3:28 PM Author: mahogany unholy church brethren The Kenny Amendment (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49066753) |
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Date: July 2nd, 2025 4:08 PM Author: claret philosopher-king school The Better Business Bureau are unelected tyrants (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49066846) |
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Date: July 2nd, 2025 5:15 PM Author: sooty balding striped hyena . (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49066989) |
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Date: July 5th, 2025 9:46 AM Author: Emerald Vivacious Electric Furnace Step-uncle's House (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49073704) |
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Date: July 2nd, 2025 4:16 PM Author: Effete tanning salon 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=2...id.#49066874) |
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Date: July 2nd, 2025 4:20 PM Author: claret philosopher-king school Just win your bets dude (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49066885) |
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Date: July 2nd, 2025 6:28 PM Author: Henna ticket booth sweet tailpipe 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=2...id.#49067163) |
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Date: July 3rd, 2025 5:07 AM Author: provocative immigrant theater stage ?
I you bet $100 and you lose $100, you don't need to pay tax on top of the $100. |
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Date: July 3rd, 2025 5:26 AM Author: red lascivious temple 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=2...id.#49068294) |
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Date: July 3rd, 2025 11:46 AM Author: Tan Travel Guidebook 180 (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49068909) |
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Date: July 4th, 2025 5:10 PM Author: slimy roommate 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/ |
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Date: July 4th, 2025 5:15 PM Author: slap-happy institution cuck “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.” |
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Date: July 4th, 2025 5:29 PM Author: vibrant reading party pozpig oh man...the poker ecosystem is unlikely to survive! What will we do? (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49072432) |
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Date: July 4th, 2025 5:32 PM Author: racy puce university circlehead (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49072440) |
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Date: July 4th, 2025 5:42 PM Author: slap-happy institution cuck 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=2...id.#49072459) |
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Date: July 4th, 2025 5:42 PM Author: slimy roommate 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=2...id.#49072458) |
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Date: July 4th, 2025 5:42 PM Author: Buff theater weed whacker 180 but it should tax all wins from sports gambling apps at 90% (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49072455) |
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Date: July 4th, 2025 5:46 PM Author: Sable exhilarant address internal respiration (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49072470) |
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Date: July 5th, 2025 10:37 AM Author: histrionic area 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=2...id.#49073762) |
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Date: July 4th, 2025 5:52 PM Author: Fantasy-prone orange incel theatre 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=2...id.#49072486) |
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Date: July 4th, 2025 6:10 PM Author: slimy roommate can an AI give legal advice? (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49072541) |
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Date: July 4th, 2025 6:13 PM Author: olive stimulating giraffe indian lodge 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. |
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Date: July 4th, 2025 8:56 PM Author: odious dingle berry azn 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=2...id.#49072883) |
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Date: July 4th, 2025 9:47 PM Author: odious dingle berry azn https://x.com/PhilGalfond/status/1940198538493010316 (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49072961) |
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Date: July 5th, 2025 9:40 AM Author: Opaque Parlor 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=2...id.#49073697) |
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Date: July 4th, 2025 9:51 PM Author: odious dingle berry azn 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. |
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Date: July 4th, 2025 11:38 PM Author: slimy roommate https://x.com/Benny_Lapdance/status/1941168230984466799 (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2...id.#49073181) |
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Date: July 5th, 2025 9:47 AM Author: concupiscible keepsake machete tattoo 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=2...id.#49073707) |
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Date: July 5th, 2025 10:06 AM Author: slap-happy institution cuck 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=2...id.#49073722) |