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Old January 3rd, 2006, 08:18 PM
luv2cruise99 luv2cruise99 is offline
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Join Date: Jun 2004
Posts: 202
Default Re: taxable or not?

Quote:
Originally Posted by HappyCruiser383
I want to know why the IRS feels the winnings should be taxable. Figure this . . . we take our earned money - after taxes - to the casino and plug it into the machine. So, all money IN the machine should be after-tax money. Why does the IRS need to tax it again when it comes back out as a winning? Who can I call to fix this problem?
I would love the answer to that question, too. I mean, if I lose $5,000 the IRS doesn't want to hear about it, but if I win $5,000, all of a sudden they want their piece of the pie. How is that fair?
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