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

BBB screwing over professional gamblers is 180

...
Carnelian Business Firm
  07/02/25
how does it do that?
floppy orchid regret
  07/02/25
limits gambling loss offsets to 90%. so say you break even w...
Carnelian Business Firm
  07/02/25
...
Razzmatazz milk
  07/02/25
wow lol
floppy orchid regret
  07/02/25
...
Razzmatazz milk
  07/02/25
This is actually very good
massive nibblets trailer park
  07/02/25
...
Beady-eyed french jewess
  07/04/25
LOL, fuck CSLG
Thriller weed whacker casino
  07/02/25
wow
bateful glassy hunting ground circlehead
  07/02/25
Lol
Beady-eyed french jewess
  07/04/25
or in this guy's case, you pay tx on $1 million!
Thriller weed whacker casino
  07/04/25
all of those professional gamblers and poker players are com...
Overrated sick university
  07/02/25
yeah this is like raising taxes on income from drug traffick...
sienna deep ape idea he suggested
  07/02/25
Pros aren't using apps.
Carmine ticket booth partner
  07/02/25
no shit. im agreeing that this wont hurt the pros but seems ...
sienna deep ape idea he suggested
  07/02/25
You can't deduct losses at all unless you are a pro.
Carmine ticket booth partner
  07/02/25
i get that youre running retard shtick bait now but we all k...
sienna deep ape idea he suggested
  07/02/25
why did that even get added? seems totally random considerin...
jade demanding resort
  07/02/25
someone in the senate added it last minute. no idea who, but...
Carnelian Business Firm
  07/02/25
...
topaz diverse therapy
  07/02/25
This is 180. Get the pros out.
Carmine ticket booth partner
  07/02/25
...
vengeful greedy house
  07/04/25
this guy: https://frontofficesports.com/mike-crapo-gambin...
Thriller weed whacker casino
  07/04/25
Lol 180
Beady-eyed french jewess
  07/04/25
Yeah, now if only they had done the same thing with upping t...
Beady-eyed french jewess
  07/04/25
they should update the outdated jackpot threshold while they...
Unholy twinkling uncleanness kitchen
  07/02/25
The Kenny Amendment
coral learning disabled associate rehab
  07/02/25
The Better Business Bureau are unelected tyrants
blue factory reset button
  07/02/25
.
Stirring parlor
  07/02/25
...
Provocative lavender sweet tailpipe
  07/05/25
I love how the party of limited government thinks it's 180 f...
concupiscible thirsty hissy fit
  07/02/25
Just win your bets dude
blue factory reset button
  07/02/25
correct -- pick winners at a 60% rate to break even and then...
insane background story
  07/02/25
? I you bet $100 and you lose $100, you don't need to pay...
massive nibblets trailer park
  07/03/25
I think this bill was the opening of war on tipping. I'm not...
Mischievous Curious Locus Potus
  07/03/25
180
stimulating rose indian lodge double fault
  07/03/25
I bet 90-95% of professional gamblers voted for Trump/Cons. ...
Thriller weed whacker casino
  07/04/25
“If this goes through as it is written, I would basica...
vengeful greedy house
  07/04/25
oh man...the poker ecosystem is unlikely to survive! What w...
godawful shrine
  07/04/25
...
Carnelian Business Firm
  07/04/25
we should crowdsource buying the syndication rights to Poker...
vengeful greedy house
  07/04/25
I wonder why they picked 90%, seems so arbitrary. only thin...
Thriller weed whacker casino
  07/04/25
180 but it should tax all wins from sports gambling apps at ...
contagious locale
  07/04/25
...
saffron passionate dopamine temple
  07/04/25
Tbh I'd be fine with leaving poker alone as long as we can p...
Beady-eyed french jewess
  07/05/25
Trade or business expense for professional gamblers and is 1...
Spectacular sex offender
  07/04/25
can an AI give legal advice?
Thriller weed whacker casino
  07/04/25
online poker was fucked already and hardly anyone was making...
umber electric halford
  07/04/25
How does the government know how much you won or lost playin...
Silver Charismatic Tank
  07/04/25
https://x.com/PhilGalfond/status/1940198538493010316
Silver Charismatic Tank
  07/04/25
cr it's obviously a big deal if you're a high volume poker p...
bateful glassy hunting ground circlehead
  07/05/25
https://forumserver.twoplustwo.com/29/news-views-gossip/big-...
Silver Charismatic Tank
  07/04/25
https://x.com/Benny_Lapdance/status/1941168230984466799
Thriller weed whacker casino
  07/04/25
if a lib did this xo would be screeching at the top of its l...
Racy Snowy Chapel
  07/05/25
not allowing GC twats to create a Biff future is core conser...
vengeful greedy house
  07/05/25


Poast new message in this thread



Reply Favorite

Date: July 2nd, 2025 1:06 PM
Author: Carnelian Business Firm



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



Reply Favorite

Date: July 2nd, 2025 1:07 PM
Author: floppy orchid regret

how does it do that?

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



Reply Favorite

Date: July 2nd, 2025 1:09 PM
Author: Carnelian Business Firm

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=2).#49066395)



Reply Favorite

Date: July 2nd, 2025 1:12 PM
Author: Razzmatazz milk



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



Reply Favorite

Date: July 2nd, 2025 1:12 PM
Author: floppy orchid regret

wow lol

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



Reply Favorite

Date: July 2nd, 2025 1:12 PM
Author: Razzmatazz milk



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



Reply Favorite

Date: July 2nd, 2025 1:14 PM
Author: massive nibblets trailer park

This is actually very good

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



Reply Favorite

Date: July 4th, 2025 9:20 PM
Author: Beady-eyed french jewess



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



Reply Favorite

Date: July 2nd, 2025 1:30 PM
Author: Thriller weed whacker casino

LOL, fuck CSLG

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



Reply Favorite

Date: July 2nd, 2025 6:31 PM
Author: bateful glassy hunting ground circlehead

wow

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



Reply Favorite

Date: July 4th, 2025 9:20 PM
Author: Beady-eyed french jewess

Lol

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



Reply Favorite

Date: July 4th, 2025 11:38 PM
Author: Thriller weed whacker casino

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

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



Reply Favorite

Date: July 2nd, 2025 1:13 PM
Author: Overrated sick university

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

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



Reply Favorite

Date: July 2nd, 2025 4:12 PM
Author: sienna deep ape idea he suggested

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=2).#49066858)



Reply Favorite

Date: July 2nd, 2025 5:14 PM
Author: Carmine ticket booth partner

Pros aren't using apps.

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



Reply Favorite

Date: July 2nd, 2025 6:13 PM
Author: sienna deep ape idea he suggested

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=2).#49067122)



Reply Favorite

Date: July 2nd, 2025 6:28 PM
Author: Carmine ticket booth partner

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

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



Reply Favorite

Date: July 2nd, 2025 6:34 PM
Author: sienna deep ape idea he suggested

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=2).#49067177)



Reply Favorite

Date: July 2nd, 2025 1:13 PM
Author: jade demanding resort

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=2).#49066413)



Reply Favorite

Date: July 2nd, 2025 1:14 PM
Author: Carnelian Business Firm

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=2).#49066416)



Reply Favorite

Date: July 2nd, 2025 3:01 PM
Author: topaz diverse therapy



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



Reply Favorite

Date: July 2nd, 2025 3:44 PM
Author: Carmine ticket booth partner

This is 180. Get the pros out.

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



Reply Favorite

Date: July 4th, 2025 5:12 PM
Author: vengeful greedy house



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



Reply Favorite

Date: July 4th, 2025 6:09 PM
Author: Thriller weed whacker casino

this guy:

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

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



Reply Favorite

Date: July 4th, 2025 9:22 PM
Author: Beady-eyed french jewess

Lol 180

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



Reply Favorite

Date: July 4th, 2025 9:21 PM
Author: Beady-eyed french jewess

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=2).#49072919)



Reply Favorite

Date: July 2nd, 2025 3:18 PM
Author: Unholy twinkling uncleanness kitchen

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=2).#49066723)



Reply Favorite

Date: July 2nd, 2025 3:28 PM
Author: coral learning disabled associate rehab

The Kenny Amendment

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



Reply Favorite

Date: July 2nd, 2025 4:08 PM
Author: blue factory reset button

The Better Business Bureau are unelected tyrants

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



Reply Favorite

Date: July 2nd, 2025 5:15 PM
Author: Stirring parlor

.

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



Reply Favorite

Date: July 5th, 2025 9:46 AM
Author: Provocative lavender sweet tailpipe



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



Reply Favorite

Date: July 2nd, 2025 4:16 PM
Author: concupiscible thirsty hissy fit

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=2).#49066874)



Reply Favorite

Date: July 2nd, 2025 4:20 PM
Author: blue factory reset button

Just win your bets dude

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



Reply Favorite

Date: July 2nd, 2025 6:28 PM
Author: insane background story

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=2).#49067163)



Reply Favorite

Date: July 3rd, 2025 5:07 AM
Author: massive nibblets trailer park

?

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=2).#49068291)



Reply Favorite

Date: July 3rd, 2025 5:26 AM
Author: Mischievous Curious Locus Potus

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=2).#49068294)



Reply Favorite

Date: July 3rd, 2025 11:46 AM
Author: stimulating rose indian lodge double fault

180

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



Reply Favorite

Date: July 4th, 2025 5:10 PM
Author: Thriller weed whacker casino

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=2).#49072403)



Reply Favorite

Date: July 4th, 2025 5:15 PM
Author: vengeful greedy house

“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=2).#49072406)



Reply Favorite

Date: July 4th, 2025 5:29 PM
Author: godawful shrine

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

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



Reply Favorite

Date: July 4th, 2025 5:32 PM
Author: Carnelian Business Firm



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



Reply Favorite

Date: July 4th, 2025 5:42 PM
Author: vengeful greedy house

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=2).#49072459)



Reply Favorite

Date: July 4th, 2025 5:42 PM
Author: Thriller weed whacker casino

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=2).#49072458)



Reply Favorite

Date: July 4th, 2025 5:42 PM
Author: contagious locale

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

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



Reply Favorite

Date: July 4th, 2025 5:46 PM
Author: saffron passionate dopamine temple



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



Reply Favorite

Date: July 5th, 2025 10:37 AM
Author: Beady-eyed french jewess

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=2).#49073762)



Reply Favorite

Date: July 4th, 2025 5:52 PM
Author: Spectacular sex offender

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=2).#49072486)



Reply Favorite

Date: July 4th, 2025 6:10 PM
Author: Thriller weed whacker casino

can an AI give legal advice?

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



Reply Favorite

Date: July 4th, 2025 6:13 PM
Author: umber electric halford

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=2).#49072549)



Reply Favorite

Date: July 4th, 2025 8:56 PM
Author: Silver Charismatic Tank

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=2).#49072883)



Reply Favorite

Date: July 4th, 2025 9:47 PM
Author: Silver Charismatic Tank

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

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



Reply Favorite

Date: July 5th, 2025 9:40 AM
Author: bateful glassy hunting ground circlehead

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=2).#49073697)



Reply Favorite

Date: July 4th, 2025 9:51 PM
Author: Silver Charismatic Tank

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=2).#49072977)



Reply Favorite

Date: July 4th, 2025 11:38 PM
Author: Thriller weed whacker casino

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

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



Reply Favorite

Date: July 5th, 2025 9:47 AM
Author: Racy Snowy Chapel

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=2).#49073707)



Reply Favorite

Date: July 5th, 2025 10:06 AM
Author: vengeful greedy house

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=2).#49073722)