WaterDownEV
@vandatank
sharp square or square sharp 🧐
ID: 1230141672887025664
19-02-2020 14:46:55
8,8K Tweet
869 Followers
629 Following
SEC 70114 is unconstitutional. • Introduced by Senator Mike Crapo • Limits deductions to 90% of losses. • Win $100k / lose $100k → IRS taxes $10k you never kept. • The 90% cap violates the Sixteenth Amendment because it taxes something that is not “income.” • Under Eisner v.
The Rules Committee blocked the FAIR BET act from the NDAA. The fix now rests with Ways and Means Committee and Rep. Jason Smith. Please schedule a markup of H.R. 4304 to restore the full 100% gambling-loss deduction. Break-even bettors shouldn’t owe tax on phantom income. American Gaming Association
NoLiverGambles Im putting 1185 on both sides of a spread at -110 and taking that guaranteed 1k if this was me