Rand Paul Tax Plan

[Benton]

(06-20-2015, 08:02 PM)michaelsean Wrote: Yeah I would double check with the tax man. The govt may owe you some money.

I have a hard time believing you think it should be taxable if you you lose $8000 because in the middle of losing 9 hands you win one.

We're talking in broad terms and then you get specific .Or something.  I'm saying in general. In general I don't think I should be paying for your hobby. You shouldn't be paying for mine.

If you'd like to buy me a new bow, some tips and a new target, I'll send you an address you can send the check to. Otherwise, I don't recall the box on my income taxes that lets me take off a few grand for a new rig.

Likewise, I used to work on cars. I restored a 69 Camaro. All my free time and money went into it. There was no tax break. When I sold it, I claimed the income. A hobby, no tax break.

We're not talking about exemptions made professional gamblers. I'm talking about hobbyists. If you would like to pay for my hobby, I'll gladly accept your donations.  Currently, the government draws a line.