Re(2): Ok so which is it? Take 90%0 of LOSSES? Or offset 90%0 of WINS?

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Chalk Talk Terms of Service Re(2): Ok so which is it? Take 90% of LOSSES? Or offset 90% of WINS?
Posted on July 13, 2025 at 12:47:52 PM by Bennett

I�m not sure I�m following what you�re showing in examples 4,5,6. In those cases they still got to deduct 100% of their reportable winnings. So then no federal tax is due right? Maybe I�m reading the table wrong (?)

But while we are talking about a 90% figure, here�s some reality in my opinion. I would bet that 90% of the politicians who voted on this provision have no concept of what we are talking about here�.and likely would not even understand this question if it were asked of them.

Replies:

Re(3): Ok so which is it? Take 90% of LOSSES? Or offset 90% of WINS? - By Tiger July 13, 2025 at 01:11:47 PM
- Re(4): Ok so which is it? Take 90% of LOSSES? Or offset 90% of WINS? - By William July 14, 2025 at 02:57:37 PM
  - Re(5): Ok so which is it? Take 90% of LOSSES? Or offset 90% of WINS? - By Tiger July 14, 2025 at 04:08:21 PM
    - Re(6): Ok so which is it? Take 90% of LOSSES? Or offset 90% of WINS? - By zjaialai56 July 26, 2025 at 02:25:54 PM

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