Gamblers get a tax increase from MAGA

I don't know David as well as many of you here, but congrats to David on his success in life to throw so much money at something he loves.  We should all be so lucky !

  While Lying Lewis bitches and bemoans Vegas on a daily basis, I visit and enjoy Vegas multiple times a year. I have been a regular visitor since 1988 and will continue to do so in the future. I will be returning the 22nd of this month and have trips planned for August/September, October/November and for December. Each trip is for 10 - 14 days - all rooms comped, with free play and free food. I fly exclusively on Southwest - buying my tickets in advance at the lowest fares Southwest advertises. My biggest expense is for a rental car. After 37+ years of visiting Vegas, I know where the bargains are and incorporate them into each trip. If you notice, I rarely expound about my trips - My results are no ones business but mine. To hateful Lewis I say - keep crying and complaining, for that is all you really have to offer - meanwhile I will continue to enjoy Vegas.

Edited on Jul 4, 2025 4:52am
Originally posted by: MaxFlavor

I can't deduct my gambling losses, so this doesn't seem to affect me, but if you do MAGA is raising your taxes. Yea MAGA!!

 

From the latest David McKee LVA blog:

 

"Tucked away in the federal budget that passed the U.S. Senate yesterday by one vote is an obscure provision whereby taxes on gambling win go up: way up. Did you used to deduct gambling losses on your taxes? Tough shit, friend. Now your deduction will be capped at 90% of net winnings."

 

This could be the end of professional gambling in the US, can you say goodbye WSOP, WPT etc?

 

Phil Galfond on X: "This new amendment to the One Big Beautiful Bill Act would end professional gambling in the US and hurt casual gamblers, too. You could pay more in tax than you won. Contact your representative quickly. https://t.co/U5yToBZDcQ" / X


This is like when max complained that oil prices were going down & then complained when oil prices when up.  He then complained about tax cuts and is now complaining that some taxes are going up.

 

Basically it comes down to no matter what the Republicans do is bad

Originally posted by: tom

This is like when max complained that oil prices were going down & then complained when oil prices when up.  He then complained about tax cuts and is now complaining that some taxes are going up.

 

Basically it comes down to no matter what the Republicans do is bad


Really, I did that?

 

I've never complained about oil prices; I've been pointing out that MAGA's resurrection of the decades-old "drill, baby, drill" for American energy independence is ridiculous. I won't bother to go into the details, if you don't understand at this point, you never will. Typical MAGA idiot.

 

I've never complained about tax cuts or taxes going up, in this thread I pointed out how the shitty gambling tax laws just got worse.


Originally posted by: tom

Basically it comes down to no matter what the Republicans do is bad


Nah, I'm good with RINOs, unaffiliated, and Dems, I just find MAGA to be some of the stupidest people I've ever come across in my life. They're also intellectual pussy's. This forum proves my beliefs daily.

Originally posted by: Brent Kline

I don't know David as well as many of you here, but congrats to David on his success in life to throw so much money at something he loves.  We should all be so lucky !


The joke is that David is smack dab in the middle of the best treasure trove of gambling info on earth, but...he doesn't use it. He's told us on multiple occasions that learning the proper strategies for the games he plays is too hard for him. So even if he chooses only the best games (video poker), but butchers the strategy, he's still a loser.

 

Whenever he returns from one of his Vegas jaunts, he's furious and even nastier than usual. He doesn't mention his results, but we all know that he'd be bragging out his ass if he had won. He makes shit up politically, but knows that we'd just laugh at him if he came back here and tried to claim YUGE wins.

 

Also, he brags about all the comps he gets, and we all know that you don't get comped for X dollars unless you have a theoretical (or actual) loss of 4X or 5X. So yes, he's a LOOOOOSER, and we should all be grateful to him for subsidizing our Vegas trips.

Originally posted by: tom

This is like when max complained that oil prices were going down & then complained when oil prices when up.  He then complained about tax cuts and is now complaining that some taxes are going up.

 

Basically it comes down to no matter what the Republicans do is bad


We sane, non-asshole people complained about tax cuts for the rich and big corporations. We also complained about tax increases for the average person.

 

Stupid MAGA Tom-hole wants Trump to get even richer. We don't.

 

Tom is correct, though. Everything the Republicans do IS bad.

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