I think gamblers have always had to declare winnings on their tax forms. If the gambler had losses to offset the winnings, they had to track them.
So its always been like this.
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I think gamblers have always had to declare winnings on their tax forms. If the gambler had losses to offset the winnings, they had to track them.
So its always been like this.
Yep, and if you win more than a certain amount (it varies depending on what you're playing), the casino is required to report it to the IRS and issue you a W-2G
Just remember.. anyone making less than $400K a year will not see 1 extra penny in new taxes.
Joe can't believe some of you people actually believed him.
https://media.tenor.com/fLgNjCQBI7YA...head-shake.gif
You're confusing paying higher taxes on reported income with those people who hide income in order to escape taxes. Tax fraud is a crime and should be caught.Quote:
Originally Posted by Parkbandit
Fixed.Quote:
Originally Posted by Seran
I was just about to post
Does the IRS realize that the Democrats who pushed this bill are retarded?
Not their job.Quote:
Originally Posted by Parkbandit