Trump’s budget bill stacks the cards against players and set them up with a significantly higher tax burden

One of the reservations in legislation will restrict the amount of gambling losses that can be used to compensate for profits to 90%. This is a decline in 100% players who can currently claim.

It is unlikely that it is casual player Too violent, but frequent vegas (and other casino city) Visitors and professional players could see much higher tax invoices from next year.

Casinos have to issue tax documents if a player wins $ 1,200 or more. But players have to keep pace with their losses – and the IRS often asks them to secure these claims, something that is not always easy.

Casinos always have the advantage over players, so even those who achieve great victories generally also have great losses. Traditionally, these losses were used to reduce the tax bill at the end of the year. According to the new rules, however, they will probably pay a higher amount or could pay significant taxes, even if they only break out for the year.

The MEP of Nevada, Dina Titus, who highlighted the clause on social mediahas introduced Laws that act as “legislative remedy that treats the losses in the tax code fairly” – as a democrat, it could find it difficult to push it through.

Professional players have also convicted the changes.

“Let’s say we have in the course of all sessions that we have played all year round on social media. “Now we would pay as if we had won 5.2 million US dollars, minus 90 percent of $ 5 million, which is 4.5 million US dollars for a fake network of 700,000 US dollars. So they would earn $ 200,000 and pay taxes as if they had earned $ 700,000.”