Rand Paul Tax Plan

[*michaelsean*]

(06-20-2015, 09:59 AM)Benton Wrote: I think it should be on all of it.

I'm into archery. I don't do tournaments, but if I did, I would be taxed on the equipment (sales). I don't know if the guy collecting the entry fee would be taxed, but I would be taxed the winnings in the purse if i won.

So, yeah, I think if you play 10, win five, you should be taxed on five hands. That hobby and its industry aren't any more break worthy than any other. They just bribe better. Mostly in quarters from the slots.


Which is different.

Yes because in the archery contest you walkrd out with more than you walked in. In your thinking I could actually lose money in the casino and have to pay tax. I could play 10 hands of blackjack at $1000 a hand, lose 9 of them and win 1 for a loss of $8000 and you would tax me on the one I won.