06-20-2015, 05:49 PM
(06-20-2015, 09:59 AM)Benton Wrote: So, yeah, I think if you play 10, win five, you should be taxed on five hands.
This is exceptionally dumb. Only idiots count their winnings and ignore their losses. We all know the type - "I won $1000 in Vegas", but they never tell you they lost $5000 trying to win that. And your "hobby" money was already taxed when you earned it.
This is how the tax system ACTUALLY works, quite fairly I might add:
1) I win $1000 (net of my losses) at the casino, I pay taxes on it.
2) I lose $1000 at the casino (net of my winnings), the CASINO pays taxes on it.
See how that works?
