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Started By
Message
re: The new sports betting tax in the BBB could kill sports betting
Posted on 7/5/25 at 1:36 pm to Mingo Was His NameO
Posted on 7/5/25 at 1:36 pm to Mingo Was His NameO
quote:
This isn’t structuring
Numerous cash deposits just below the $10K CTR threshold?
1
Posted on 7/5/25 at 1:40 pm to VADawg
quote:
Numerous cash deposits just below the $10K CTR threshold?
Making bets isn’t making cash deposits
Posted on 7/5/25 at 1:42 pm to Mingo Was His NameO
quote:
Making bets isn’t making cash deposits
A lot of the casinos have players cards where you have to deposit cash at the window or in a machine to get the funds uploaded onto the card for use within the casino.
For BSA/AML purposes, it is treated like a cash deposit or withdrawal.
This post was edited on 7/5/25 at 1:43 pm
Posted on 7/5/25 at 1:48 pm to Corinthians420
quote:
And... Some of us dont think we need more taxes on money that we already paid taxes on
...
I mean that's every sales tax out there?
More taxes always suck, wonder which Congress person added this to the bill, really wish all bills had to be single issue.
Posted on 7/5/25 at 1:49 pm to Mingo Was His NameO
quote:
makes it pretty much mathematically impossible to make money as a professional gambler
Get a real job
Posted on 7/5/25 at 1:55 pm to VADawg
quote:
A lot of the casinos have players cards where you have to deposit cash at the window or in a machine to get the funds uploaded onto the card for use within the casino.
That’s not structuring
Posted on 7/5/25 at 2:04 pm to Mingo Was His NameO
Or maybe you are wrong which is a solid third option.
This post was edited on 7/5/25 at 2:08 pm
Posted on 7/5/25 at 2:07 pm to Dizz
The only purpose behind structuring is to avoid a CTR. The cards collect and document all the data anyway, so if you're trying to structure, using your players card is a real bad way to start.
Posted on 7/5/25 at 2:11 pm to Jcorye1
quote:
wonder which Congress person added this to the bill
I posted it already. Its mike crapo from idaho, a state where sports betting is illegal. Not sure they even have regular casinos
Posted on 7/5/25 at 2:13 pm to Corinthians420
So we just switch back to offshore books or make sure the winning wagers from legal apps dont exceed $900 apiece?
This post was edited on 7/5/25 at 2:46 pm
Posted on 7/5/25 at 2:14 pm to SirWinston
Offshore books. I dont think the second part is gonna change anything.
They track wins and losses and report that to government no matter how much you withdrawal
They track wins and losses and report that to government no matter how much you withdrawal
Posted on 7/5/25 at 2:17 pm to OWLFAN86
Not the government's job to curb that.
Posted on 7/5/25 at 2:31 pm to OKBoomerSooner
quote:
Sports bettors are simply picking up part of the tab of owning the liberals. This is nothing in the big scheme of things, while owning the liberals is priceless edit: look at all the soycucks downvoting me lol!
Maybe the libs need to get better
Posted on 7/5/25 at 2:40 pm to OKBoomerSooner
quote:
Sports bettors are simply picking up part of the tab of owning the liberals. This is nothing in the big scheme of things, while owning the liberals is priceless
edit: look at all the soycucks downvoting me lol!
U think liberals watch sports?
Posted on 7/5/25 at 2:45 pm to Corinthians420
Ugh. I guess its offshore / old school gambling then.
Posted on 7/5/25 at 2:54 pm to SirWinston
Vegas is gonna fight it for us. Now that it passed its getting more attention. Well except the poli boarders who cant accept that anything could possibly be wrong with legislation passed under trumps watch, even if this amendment had nothing to do with him
This post was edited on 7/5/25 at 2:55 pm
Posted on 7/5/25 at 2:59 pm to Dizz
quote:
Or maybe you are wrong which is a solid third option.
How many IRS audits have you done? I’ve done hundreds. They don’t just disappear. I guess it’s possible that they just closed the them because they didn’t have the man power, though I haven’t seen that either.
Posted on 7/5/25 at 3:04 pm to Mingo Was His NameO
My apologies I should have used the term closed not disappeared. They said they said they got a call from the agent out of the blue saying the audit was closed.
Posted on 7/5/25 at 3:08 pm to Mingo Was His NameO
quote:
I’m interested in this. Please post some links to those countries and their policies
UK is probably most notable.
LINK
Posted on 7/5/25 at 3:13 pm to Corinthians420
quote:
think liberals watch sports?
I mean Cali and NY got more teams than anybody
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