Re: Help me out with the new wagering IRS rules (315 Views)
Posted by: Silver Charm (IP Logged)
Date: October 04, 2025 01:12PM
95% of that is hypothetical. Or your opinion.
The same crew who ran on "No Tax on Tips" which took an act of Congress to pass suddenly have the random power to say all sport wagering winnings are taxable. Specifically horse racing sports betting. Thats not true. The Executive Branch does NOT have the power to do things like this themselves (except during a shut down) and there are no proposals to change this anywhere. Again these are your opinions.
The same crew who ran on "No Tax on Tips" which took an act of Congress to pass suddenly have the random power to say all sport wagering winnings are taxable. Specifically horse racing sports betting. Thats not true. The Executive Branch does NOT have the power to do things like this themselves (except during a shut down) and there are no proposals to change this anywhere. Again these are your opinions.
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