The Puck DFS @ThePuckDFS

Sports Betting New York, NY Joined February 2019

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Followers

200
Following

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253

Dina Titus @repdinatitus

3 months ago

On Monday I’m introducing the FAIR BET Act, the Fair Accounting for Income Realized from Betting Earnings Taxation Act, to permanently restore the 100% loss deduction from gambling winnings. I welcome all other members to join this common sense fix.

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CrazyNinjaMike @CrazyNinjaMike1

3 months ago

SEC 70114 is unconstitutional. • Introduced by @MikeCrapo • Limits deductions to 90% of losses. • Win $100k / lose $100k → IRS taxes $10k you never kept. • The 90% cap violates the Sixteenth Amendment because it taxes something that is not “income.” • Under Eisner v.…

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china @chinamaniac

3 months ago

Hey @MikeCrapo just so you are aware, the professional sports bettors and poker players who currently pay gambling taxes operate on very slim margins. By only allowing professional to deduct 90% of losing wagers these gamblers are now going to be unprofitable and will not be…

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Front Office Sports @FOS

3 months ago

Professional gamblers say Donald Trump's "One Big Beautiful Bill Act" includes a huge tax hike, potentially turning winnings into losses. One pro gambler told FOS how the legislation could turn a year with a $1M profit into one with a $2M loss after taxes. By @sportsrapport ⬇️

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Dina Titus @repdinatitus

3 months ago

Buried within the BS Republican Budget bill is a provision that harms poker players and those who gamble by limiting loss deductions. I’m working on a legislative fix that fairly treats gaming losses in the tax code.