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: