\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

BBB screwing over professional gamblers is 180

...
Deep exciting police squad
  07/02/25
how does it do that?
opaque stage
  07/02/25
limits gambling loss offsets to 90%. so say you break even w...
Deep exciting police squad
  07/02/25
...
Vibrant insane hell jewess
  07/02/25
wow lol
opaque stage
  07/02/25
...
Vibrant insane hell jewess
  07/02/25
This is actually very good
Beady-eyed cobalt ceo
  07/02/25
...
ungodly rough-skinned pit
  07/04/25
LOL, fuck CSLG
frum rigor hall
  07/02/25
wow
Self-absorbed persian
  07/02/25
Lol
ungodly rough-skinned pit
  07/04/25
or in this guy's case, you pay tx on $1 million!
frum rigor hall
  07/04/25
all of those professional gamblers and poker players are com...
Silver Private Investor People Who Are Hurt
  07/02/25
yeah this is like raising taxes on income from drug traffick...
irate dashing trailer park
  07/02/25
Pros aren't using apps.
magenta clown
  07/02/25
no shit. im agreeing that this wont hurt the pros but seems ...
irate dashing trailer park
  07/02/25
You can't deduct losses at all unless you are a pro.
magenta clown
  07/02/25
i get that youre running retard shtick bait now but we all k...
irate dashing trailer park
  07/02/25
why did that even get added? seems totally random considerin...
bonkers chartreuse pocket flask legal warrant
  07/02/25
someone in the senate added it last minute. no idea who, but...
Deep exciting police squad
  07/02/25
...
violet sanctuary
  07/02/25
This is 180. Get the pros out.
magenta clown
  07/02/25
...
Nofapping hunting ground fanboi
  07/04/25
this guy: https://frontofficesports.com/mike-crapo-gambin...
frum rigor hall
  07/04/25
Lol 180
ungodly rough-skinned pit
  07/04/25
Yeah, now if only they had done the same thing with upping t...
ungodly rough-skinned pit
  07/04/25
they should update the outdated jackpot threshold while they...
Peach cracking state faggotry
  07/02/25
The Kenny Amendment
Bateful piazza dopamine
  07/02/25
The Better Business Bureau are unelected tyrants
zombie-like shitlib
  07/02/25
.
Vigorous orange range
  07/02/25
...
histrionic jade puppy
  07/05/25
I love how the party of limited government thinks it's 180 f...
soul-stirring rose messiness
  07/02/25
Just win your bets dude
zombie-like shitlib
  07/02/25
correct -- pick winners at a 60% rate to break even and then...
ruby cruise ship trump supporter
  07/02/25
? I you bet $100 and you lose $100, you don't need to pay...
Beady-eyed cobalt ceo
  07/03/25
I think this bill was the opening of war on tipping. I'm not...
Blue french principal's office
  07/03/25
180
cream hospital
  07/03/25
I bet 90-95% of professional gamblers voted for Trump/Cons. ...
frum rigor hall
  07/04/25
“If this goes through as it is written, I would basica...
Nofapping hunting ground fanboi
  07/04/25
oh man...the poker ecosystem is unlikely to survive! What w...
irradiated saffron black woman friendly grandma
  07/04/25
...
Deep exciting police squad
  07/04/25
we should crowdsource buying the syndication rights to Poker...
Nofapping hunting ground fanboi
  07/04/25
I wonder why they picked 90%, seems so arbitrary. only thin...
frum rigor hall
  07/04/25
180 but it should tax all wins from sports gambling apps at ...
disgusting brethren tank
  07/04/25
...
Burgundy crawly giraffe crotch
  07/04/25
Tbh I'd be fine with leaving poker alone as long as we can p...
ungodly rough-skinned pit
  07/05/25
Trade or business expense for professional gamblers and is 1...
Concupiscible base french chef
  07/04/25
can an AI give legal advice?
frum rigor hall
  07/04/25
online poker was fucked already and hardly anyone was making...
Ultramarine School Cafeteria
  07/04/25
How does the government know how much you won or lost playin...
Chrome Native Partner
  07/04/25
https://x.com/PhilGalfond/status/1940198538493010316
Chrome Native Partner
  07/04/25
cr it's obviously a big deal if you're a high volume poker p...
Self-absorbed persian
  07/05/25
https://forumserver.twoplustwo.com/29/news-views-gossip/big-...
Chrome Native Partner
  07/04/25
https://x.com/Benny_Lapdance/status/1941168230984466799
frum rigor hall
  07/04/25
if a lib did this xo would be screeching at the top of its l...
Racy crystalline scourge upon the earth
  07/05/25
not allowing GC twats to create a Biff future is core conser...
Nofapping hunting ground fanboi
  07/05/25


Poast new message in this thread



Reply Favorite

Date: July 2nd, 2025 1:06 PM
Author: Deep exciting police squad



(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066385)



Reply Favorite

Date: July 2nd, 2025 1:07 PM
Author: opaque stage

how does it do that?

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066387)



Reply Favorite

Date: July 2nd, 2025 1:09 PM
Author: Deep exciting police squad

limits gambling loss offsets to 90%. so say you break even with 100k winnings and 100k losses. you have to pay tax on 10K income.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066395)



Reply Favorite

Date: July 2nd, 2025 1:12 PM
Author: Vibrant insane hell jewess



(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066406)



Reply Favorite

Date: July 2nd, 2025 1:12 PM
Author: opaque stage

wow lol

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066407)



Reply Favorite

Date: July 2nd, 2025 1:12 PM
Author: Vibrant insane hell jewess



(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066410)



Reply Favorite

Date: July 2nd, 2025 1:14 PM
Author: Beady-eyed cobalt ceo

This is actually very good

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066414)



Reply Favorite

Date: July 4th, 2025 9:20 PM
Author: ungodly rough-skinned pit



(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072917)



Reply Favorite

Date: July 2nd, 2025 1:30 PM
Author: frum rigor hall

LOL, fuck CSLG

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066455)



Reply Favorite

Date: July 2nd, 2025 6:31 PM
Author: Self-absorbed persian

wow

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49067169)



Reply Favorite

Date: July 4th, 2025 9:20 PM
Author: ungodly rough-skinned pit

Lol

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072916)



Reply Favorite

Date: July 4th, 2025 11:38 PM
Author: frum rigor hall

or in this guy's case, you pay tx on $1 million!

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49073183)



Reply Favorite

Date: July 2nd, 2025 1:13 PM
Author: Silver Private Investor People Who Are Hurt

all of those professional gamblers and poker players are complete tax frauds anyways

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066412)



Reply Favorite

Date: July 2nd, 2025 4:12 PM
Author: irate dashing trailer park

yeah this is like raising taxes on income from drug trafficking.

this will probably fuck over draftkings addicts which imagine is the whole point.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066858)



Reply Favorite

Date: July 2nd, 2025 5:14 PM
Author: magenta clown

Pros aren't using apps.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066987)



Reply Favorite

Date: July 2nd, 2025 6:13 PM
Author: irate dashing trailer park

no shit. im agreeing that this wont hurt the pros but seems more targeting at the apps.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49067122)



Reply Favorite

Date: July 2nd, 2025 6:28 PM
Author: magenta clown

You can't deduct losses at all unless you are a pro.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49067162)



Reply Favorite

Date: July 2nd, 2025 6:34 PM
Author: irate dashing trailer park

i get that youre running retard shtick bait now but we all know youre actually a retard too

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49067177)



Reply Favorite

Date: July 2nd, 2025 1:13 PM
Author: bonkers chartreuse pocket flask legal warrant

why did that even get added? seems totally random considering how thoroughly gambling has Taken Over in the US recently

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066413)



Reply Favorite

Date: July 2nd, 2025 1:14 PM
Author: Deep exciting police squad

someone in the senate added it last minute. no idea who, but its 18000000

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066416)



Reply Favorite

Date: July 2nd, 2025 3:01 PM
Author: violet sanctuary



(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066690)



Reply Favorite

Date: July 2nd, 2025 3:44 PM
Author: magenta clown

This is 180. Get the pros out.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066788)



Reply Favorite

Date: July 4th, 2025 5:12 PM
Author: Nofapping hunting ground fanboi



(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072404)



Reply Favorite

Date: July 4th, 2025 6:09 PM
Author: frum rigor hall

this guy:

https://frontofficesports.com/mike-crapo-gambing-big-beautiful-bill/

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072539)



Reply Favorite

Date: July 4th, 2025 9:22 PM
Author: ungodly rough-skinned pit

Lol 180

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072921)



Reply Favorite

Date: July 4th, 2025 9:21 PM
Author: ungodly rough-skinned pit

Yeah, now if only they had done the same thing with upping the remittance tax and fully deregulating small arms.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072919)



Reply Favorite

Date: July 2nd, 2025 3:18 PM
Author: Peach cracking state faggotry

they should update the outdated jackpot threshold while they are at it... it was set in the 1970s at $1200 but has not been updated since then to account for inflation.

https://www.casino.org/news/legislation-increase-tax-reporting-threshold-slot-machines-reintroduced/

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066723)



Reply Favorite

Date: July 2nd, 2025 3:28 PM
Author: Bateful piazza dopamine

The Kenny Amendment

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066753)



Reply Favorite

Date: July 2nd, 2025 4:08 PM
Author: zombie-like shitlib

The Better Business Bureau are unelected tyrants

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066846)



Reply Favorite

Date: July 2nd, 2025 5:15 PM
Author: Vigorous orange range

.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066989)



Reply Favorite

Date: July 5th, 2025 9:46 AM
Author: histrionic jade puppy



(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49073704)



Reply Favorite

Date: July 2nd, 2025 4:16 PM
Author: soul-stirring rose messiness

I love how the party of limited government thinks it's 180 for the bill to tax bets that players never even won. What a fucking joke

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066874)



Reply Favorite

Date: July 2nd, 2025 4:20 PM
Author: zombie-like shitlib

Just win your bets dude

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49066885)



Reply Favorite

Date: July 2nd, 2025 6:28 PM
Author: ruby cruise ship trump supporter

correct -- pick winners at a 60% rate to break even and then the rest is easy profit

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49067163)



Reply Favorite

Date: July 3rd, 2025 5:07 AM
Author: Beady-eyed cobalt ceo

?

I you bet $100 and you lose $100, you don't need to pay tax on top of the $100.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49068291)



Reply Favorite

Date: July 3rd, 2025 5:26 AM
Author: Blue french principal's office

I think this bill was the opening of war on tipping. I'm not doing more than 10% once tax free. Hopefully it goes to 0

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49068294)



Reply Favorite

Date: July 3rd, 2025 11:46 AM
Author: cream hospital

180

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49068909)



Reply Favorite

Date: July 4th, 2025 5:10 PM
Author: frum rigor hall

I bet 90-95% of professional gamblers voted for Trump/Cons. Amazing how they fucked them over.

Apparently it was one senator who slipped this provision in at the last minute, presumably before gambling lobbyists could spot it...

https://frontofficesports.com/mike-crapo-gambing-big-beautiful-bill/

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072403)



Reply Favorite

Date: July 4th, 2025 5:15 PM
Author: Nofapping hunting ground fanboi

“If this goes through as it is written, I would basically just have to stop,” one professional gambler told FOS. “If I win $100 million and lose $99 million, that would be a great year, to have $1 million in profit! But with this bill, I would have to pay taxes on about $10 million in ‘gains’, which would turn my year into a $2 million loss.”

Poker player and author Maria Konnikova also walked through the math of how this would affect card players “If the purpose of this bill is to kill poker and stop people from playing, mission accomplished,” she told FOS. “The provision hurts you whether you have a winning year or a losing year—and the poker ecosystem is unlikely to survive the change.”

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072406)



Reply Favorite

Date: July 4th, 2025 5:29 PM
Author: irradiated saffron black woman friendly grandma

oh man...the poker ecosystem is unlikely to survive! What will we do?

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072432)



Reply Favorite

Date: July 4th, 2025 5:32 PM
Author: Deep exciting police squad



(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072440)



Reply Favorite

Date: July 4th, 2025 5:42 PM
Author: Nofapping hunting ground fanboi

we should crowdsource buying the syndication rights to Poker at Night and other shows like that. people will be watching that shit for decades to get a glimpse of what once was. like watching leave it to beaver

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072459)



Reply Favorite

Date: July 4th, 2025 5:42 PM
Author: frum rigor hall

I wonder why they picked 90%, seems so arbitrary. only thing I can think of is that it's targeted at slot players because dont most slot machines give 90% payback, so for slot patrons I guess this evens out and only fucks over poker players (perhaps inadvertently).

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072458)



Reply Favorite

Date: July 4th, 2025 5:42 PM
Author: disgusting brethren tank

180 but it should tax all wins from sports gambling apps at 90%

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072455)



Reply Favorite

Date: July 4th, 2025 5:46 PM
Author: Burgundy crawly giraffe crotch



(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072470)



Reply Favorite

Date: July 5th, 2025 10:37 AM
Author: ungodly rough-skinned pit

Tbh I'd be fine with leaving poker alone as long as we can put draftkings out of business

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49073762)



Reply Favorite

Date: July 4th, 2025 5:52 PM
Author: Concupiscible base french chef

Trade or business expense for professional gamblers and is 100% deductible. This is legal advice.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072486)



Reply Favorite

Date: July 4th, 2025 6:10 PM
Author: frum rigor hall

can an AI give legal advice?

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072541)



Reply Favorite

Date: July 4th, 2025 6:13 PM
Author: Ultramarine School Cafeteria

online poker was fucked already and hardly anyone was making money at it anymore.

seems like live cash players will continue underreporting. live tournaments are going to take a huge hit.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072549)



Reply Favorite

Date: July 4th, 2025 8:56 PM
Author: Chrome Native Partner

How does the government know how much you won or lost playing poker in Vegas? Can't you just lie about losses?

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072883)



Reply Favorite

Date: July 4th, 2025 9:47 PM
Author: Chrome Native Partner

https://x.com/PhilGalfond/status/1940198538493010316

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072961)



Reply Favorite

Date: July 5th, 2025 9:40 AM
Author: Self-absorbed persian

cr it's obviously a big deal if you're a high volume poker player

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49073697)



Reply Favorite

Date: July 4th, 2025 9:51 PM
Author: Chrome Native Partner

https://forumserver.twoplustwo.com/29/news-views-gossip/big-beautiful-bill-potentially-very-bad-poker-players-us-1849192/index15.html

-No issue with this bill. Just means you need to collect 10% more losing horse betting slips!

-In reality it does suck, nothing good about, only bad. Mainly bad for high buyin tourney players and online players. Not really an issue for anyone else with some common sense.

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49072977)



Reply Favorite

Date: July 4th, 2025 11:38 PM
Author: frum rigor hall

https://x.com/Benny_Lapdance/status/1941168230984466799

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49073181)



Reply Favorite

Date: July 5th, 2025 9:47 AM
Author: Racy crystalline scourge upon the earth

if a lib did this xo would be screeching at the top of its lungs about nanny state bullshit

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49073707)



Reply Favorite

Date: July 5th, 2025 10:06 AM
Author: Nofapping hunting ground fanboi

not allowing GC twats to create a Biff future is core conservatism, you retarded shitlib

(http://www.autoadmit.com/thread.php?thread_id=5745336&forum_id=2Reputation#49073722)