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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.
What's worse is that the numbers for "wins" and "losses" by session can be massive for pros. A pro who earns $200k/year might have $3m in winnings and $2.8m in losses. 90% of $2.8m = $2.52m $3. - $2.52m = $480k This means earning $200k and being taxed as if they earned $480k
Basic healthcare should be free in USA regardless of age, in the richest country on planet Earth. If we can dump money into stupid programs and weapons dealers we can take care of our peoples health. Its insane that this day and age people go bankrupt because they get sick!…
Information is the most valuable commodity on Earth.
I think the most depressing fact about humanity is that during the last few decades most of the world was handed essentially free access to the entirety of knowledge and that didn't trigger a golden age. And now I'm sad.
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The cruelest injustice perpetrated upon U.S. citizens by its own government is related to gambling winnings—IRS policies around the absurd misconception winnings are “income.” Often, players don’t have the money at the end of the night they won the jackpot (or the jackpot was…
Good news for @Gemini Earn peeps. Looks like you will be getting 100% of your assets back! Kudos to @tyler @cameron & their law team for putting pressure and staying committed to this.
Happy Thanksgiving
A famous researcher predicts divorce with 91% accuracy. He invented a game to protect against the #1 relationship killer. Here it is (in 3 minutes):
Harvard University is offering free online courses. No Payment Needed. Here are 12 FREE courses to become skilled in 2023 [ Thread ]:
“In one of the most notable moments in sports history, Kenyan runner Abel Mutai was just a few feet from the finish line, but became confused with the signage and stopped thinking he had completed the race. A Spanish athlete, Ivan Fernandez, was right behind him, and after…
truth
If you feel discouraged by seeing bad behavior rewarded with opportunity, remember it's just one type of opportunity. Kindness and integrity open different types of doors. They're more valuable & longer-lasting. Almost all of the most successful people I know are kind.
If you're under 25, and You want to be a multi-millionaire by 30, This is the exact playbook you can use to do it:
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