To: jonno
“earning at least $5 million in 2015”
What this means is he had $5 M in reported winnings. What were his unreported losings that would offset this.
To: AndyJackson
“What were his unreported losings that would offset this.”
Gambling losses are exempt from taxes - yes?
13 posted on
10/06/2017 11:58:30 AM PDT by
jonno
(Having an opinion is not the same as having the answer...)
To: AndyJackson
So he won about $14,000 a day that year?? Assuming he played 365 days a year.
Isn’t that a lot to win, to cash out and take home with you everyday?? Wouldn’t the casinos start to recognize this guy as a long term winner?
To: AndyJackson
What this means is he had $5 M in reported winnings. What were his unreported losings that would offset this.
His loses would have been any money that was clean (or cleaned up).
16 posted on
10/06/2017 11:59:54 AM PDT by
PA Engineer
(Liberate America from the Occupation Media and Shariah Socialism.)
To: AndyJackson
“earning at least $5 million in 2015” What this means is he had $5 M in reported winnings. What were his unreported losings that would offset this.Seems to me that Paddock would also report his loses. Why wouldn't he?
If his net was $5 million in 2015, then I would wonder if he was money laundering.
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