Just be rich

Better than babe.....not even close!

Just evade taxes like every normal person 🥺

Interesting, sounds like it’s the same rule as in Germany.

you’re using your microphone wrong…supposed to be about a fists space away from your mouth - it’s called a dynamic microphone

I want to know if you can win 1199 and cash out and then go back and keep repeating the same process with no forms? Couldn't sports betters just put in multiple bets where each ticket wouldn't go over 1199?

So once again, the rich get richer and the poor get poorer.

in every other country in this world you get tax benefits when you are married and have kids.. in the US you are punished .. funny.

“So the IRS knows where all your money is.” Ugh

Good to know!

here in the uk you dont :D i can win 1m and keep the full amount

there is a lot of assumptions in your calculations

how about online casinos from colombia or something like that and playing from usa new york

*Promo SM*

gambling loses is not one to one to your W2G. lost $20k, win $10k. w2G kicks in.

Hold

Awesome story from a Nisei!

depends are on the card and the player and how long you hold the cards. Personally I only buy GOATS ..Gretzky, Jordan and Brady. It's a fun hobby but if you are purely into investing stay away from prospecting and ripping wax

Cool story and he sounds like a great guy. Glad this happened for him and his family 😎👍🏼

Most Vegas casinos don’t even send ur w2g to the IRS. Sshhh :)

So people can make money legally without doing any work? That's kinda depressing

your a joke

There’s an app called Hurdlr you can tag destinations and call it whatever you want. When it detects you go there it will rage that.

Ok

only an idiot would llc in Cali unless you're in porn or Hollywood

As I've reach my 30's. I listened to this video and understood. But at the same time, I was desensitized by all the mental hooped jargon bullshit. Because the truth, the real truth, is that taxation is theft. When I say this, people always respond with "but it used for our roads and schools," barely. Maybe 5% of all the taxes you pay per year goes to all of those things. But electrity, gas, hospitals, roads, internet, fuel, and even your superannuation are partially or fully privatised. And you can bet your bottom tax-dollar that in order to profit. They will overinflate their prices/charges, making the taxpayer lose every time.

#taxationistheft

You know, for a FAR lower tax rate, you can live in a country that also gives you q return on that money, such as universal healthcare and so many other basic services. USA just usurps that money into military "conteacts" that the self same politicians are invested in and other such corrupt schemes.. And Americans sit sucking their thumbs, while claiming America is #1 and that social democracies are communism with high taxes. !

What about tax deductions?

Less than half of your net 😬

Need a tax guy like you, I’m based in CA. Have an LLC for my landscape business. Help!

what if you get your WIN/LOSS statement from the casino on your player card ? do u have to report ?

What's the benefit?

Sounds iffy that’s for sure