Quote:
|
Originally Posted by DogsUp
I think someone bet $500k to show. That person(s) made $25,000 in less than 2 minutes. I don't think that is a bad days work at all. And it is all tax free. I think anyone would take 5% return on their investment.
|
technically it isn't tax free, you are suppose to report all gambling winnings, which are then set off by all losses