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: yapping cowardly hominid brunch (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49066385) |
Date: July 2nd, 2025 1:07 PM Author: Henna Church how does it do that? (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49066387) |
 |
Date: July 2nd, 2025 1:09 PM Author: yapping cowardly hominid brunch 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=2E#49066395) |
|
Date: July 2nd, 2025 1:12 PM Author: adventurous flickering home (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49066406) |
|
Date: July 2nd, 2025 1:12 PM Author: Henna Church wow lol (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49066407) |
|
Date: July 2nd, 2025 1:12 PM Author: adventurous flickering home (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49066410) |
|
Date: July 2nd, 2025 1:14 PM Author: Razzle Azure Juggernaut Principal's Office This is actually very good (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49066414) |
|
Date: July 4th, 2025 9:20 PM Author: topaz boyish meetinghouse newt (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49072917) |
|
Date: July 2nd, 2025 1:30 PM Author: greedy twinkling uncleanness spot LOL, fuck CSLG (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49066455) |
|
Date: July 2nd, 2025 6:31 PM Author: Metal public bath wow (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49067169) |
|
Date: July 4th, 2025 9:20 PM Author: topaz boyish meetinghouse newt Lol (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49072916) |
|
Date: July 4th, 2025 11:38 PM Author: greedy twinkling uncleanness spot or in this guy's case, you pay tx on $1 million! (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49073183) |
|
Date: July 2nd, 2025 1:13 PM Author: deep address faggotry all of those professional gamblers and poker players are complete tax frauds anyways (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49066412) |
|
Date: July 2nd, 2025 4:12 PM Author: vengeful bawdyhouse gunner 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: gay senate Pros aren't using apps. (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49066987) |
|
Date: July 2nd, 2025 6:13 PM Author: vengeful bawdyhouse gunner 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=2E#49067122) |
|
Date: July 2nd, 2025 6:28 PM Author: gay senate You can't deduct losses at all unless you are a pro. (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49067162) |
|
Date: July 2nd, 2025 6:34 PM Author: vengeful bawdyhouse gunner 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=2E#49067177) |
|
Date: July 2nd, 2025 1:13 PM Author: filthy den 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=2E#49066413) |
|
Date: July 2nd, 2025 1:14 PM Author: yapping cowardly hominid brunch 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=2E#49066416) |
|
Date: July 2nd, 2025 3:01 PM Author: Garnet crotch school (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49066690) |
|
Date: July 2nd, 2025 3:44 PM Author: gay senate This is 180. Get the pros out. (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49066788) |
|
Date: July 4th, 2025 5:12 PM Author: lascivious flushed temple mexican (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49072404) |
|
Date: July 4th, 2025 6:09 PM Author: greedy twinkling uncleanness spot this guy:
https://frontofficesports.com/mike-crapo-gambing-big-beautiful-bill/ |
|
Date: July 4th, 2025 9:22 PM Author: topaz boyish meetinghouse newt Lol 180 (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49072921) |
|
Date: July 4th, 2025 9:21 PM Author: topaz boyish meetinghouse newt 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=2E#49072919) |
|
Date: July 2nd, 2025 3:18 PM Author: Umber swashbuckling candlestick maker school cafeteria 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: aromatic tank The Kenny Amendment (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49066753) |
|
Date: July 2nd, 2025 4:08 PM Author: territorial box office immigrant The Better Business Bureau are unelected tyrants (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49066846) |
|
Date: July 2nd, 2025 5:15 PM Author: glassy state . (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49066989) |
|
Date: July 5th, 2025 9:46 AM Author: Sooty trip party of the first part base (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49073704) |
|
Date: July 2nd, 2025 4:16 PM Author: submissive theater 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=2E#49066874) |
|
Date: July 2nd, 2025 4:20 PM Author: territorial box office immigrant Just win your bets dude (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49066885) |
|
Date: July 2nd, 2025 6:28 PM Author: dashing point 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=2E#49067163) |
|
Date: July 3rd, 2025 5:07 AM Author: Razzle Azure Juggernaut Principal's Office ?
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: cerebral shimmering coldplay fan really tough guy 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=2E#49068294) |
|
Date: July 3rd, 2025 11:46 AM Author: Coiffed disgusting nursing home people who are hurt 180 (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49068909) |
|
Date: July 4th, 2025 5:10 PM Author: greedy twinkling uncleanness spot 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: lascivious flushed temple mexican “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: at-the-ready swollen set oh man...the poker ecosystem is unlikely to survive! What will we do? (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49072432) |
|
Date: July 4th, 2025 5:32 PM Author: yapping cowardly hominid brunch (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49072440) |
|
Date: July 4th, 2025 5:42 PM Author: lascivious flushed temple mexican 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=2E#49072459) |
|
Date: July 4th, 2025 5:42 PM Author: greedy twinkling uncleanness spot 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=2E#49072458) |
|
Date: July 4th, 2025 5:42 PM Author: Impertinent Multi-colored Roast Beef 180 but it should tax all wins from sports gambling apps at 90% (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49072455) |
|
Date: July 4th, 2025 5:46 PM Author: Lake confused hell (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49072470) |
|
Date: July 5th, 2025 10:37 AM Author: topaz boyish meetinghouse newt 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=2E#49073762) |
|
Date: July 4th, 2025 5:52 PM Author: soggy jet heaven 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=2E#49072486) |
|
Date: July 4th, 2025 6:10 PM Author: greedy twinkling uncleanness spot can an AI give legal advice? (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49072541) |
|
Date: July 4th, 2025 6:13 PM Author: supple unhinged round eye crackhouse 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: Arousing Double Fault Step-uncle's House 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=2E#49072883) |
|
Date: July 4th, 2025 9:47 PM Author: Arousing Double Fault Step-uncle's House https://x.com/PhilGalfond/status/1940198538493010316 (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49072961) |
|
Date: July 5th, 2025 9:40 AM Author: Metal public bath 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=2E#49073697) |
|
Date: July 4th, 2025 9:51 PM Author: Arousing Double Fault Step-uncle's House 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: greedy twinkling uncleanness spot https://x.com/Benny_Lapdance/status/1941168230984466799 (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49073181) |
|
Date: November 15th, 2025 11:51 AM Author: animeboi (.) lol this is EXACTLY what I voted for. Get a real job, deadbeat. (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49432990) |
|
Date: November 15th, 2025 2:03 PM Author: richard clock (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49433290) |
|
Date: July 5th, 2025 9:47 AM Author: Orange startled range 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=2E#49073707) |
|
Date: July 5th, 2025 10:06 AM Author: lascivious flushed temple mexican 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=2E#49073722) |
|
Date: November 15th, 2025 11:45 AM Author: tats damn this thread is full of dorks (http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2E#49432984) |