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

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.

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