06-21-2015, 01:06 AM
(06-21-2015, 12:56 AM)michaelsean Wrote:
How are you paying for their hobby? If they make a profit they pay tax on it. If they lose, the casino makes a profit and pays tax on it. You arent paying for anything. Are you telling me if you play a cash game of Hold em and bring $1000 in, and lose the $1000 but while playing you won a hand, that you should pay tax on that hand you won?
If the IRS is reading this, then yes. Yes I paid those taxes.
And who is to say the casino paid a tax on it? Tribal exemptions, nearly $30 billion, are tax exempt. If a non-NA gaming company can show a loss, that's another issue. Caesars Ent., not too long ago lost more than a billion. How is that a business model that requires my tax dollars?
I can lose $1 billion. Seriously. Give me $1 billion, I can #&@% up and lose it. No taxpayers need be involved.