Posted on 09/10/2014 10:18:34 PM PDT by CorporateStepsister
Yep, gambling losses are deductible from gambling winnings.
“My point is you are broadbrushing EVERYONE into one category.
If you would vent your anger at those that are ‘taking advantage of the system’ I would agree with you.”
The toughest thing for folks to understand that from a taxpayers standpoint there is no difference.
From the standpoint of expanding socialism, it matters not whether someone paid taxes his whole life or not.
This waiter was hostile enough about not getting his entitlement that he did this.
Cut off someones government check and you will get equal hostility.
socialism and the entitlement it breeds is a simply fact in the USA- I’m long past angry about this stuff. I’m more amused at folks who think the party is going to last forever.
If you’re used to working for a living, you’ll be fine in a post gov’t check world. As for everyone else, who knows?
Not exactly. Winnings are included in AGI. Losses are deductible as itemized deductions only, subject to the limitations, and reductions of itemized deductions.
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