06-21-2015, 12:27 AM
(06-20-2015, 05:49 PM)JustWinBaby Wrote: 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?
:heart:
![[Image: 4CV0TeR.png]](https://i.imgur.com/4CV0TeR.png)