[vpFREE] Re: Tax consequences of w2gs

 

The optimist in me hopes there will be sensible tax policies for gambling some day, but I am a little worried that only the high rollers will be able to hire the tax specialists who can set up a blocker corporation in the Cayman islands to offset wins and losses.

I know the high rollers will be taken care of!

Chris

--- In vpFREE@yahoogroups.com, "casino_camper" <mac_mcclellan@...> wrote:
>
>
> --- In vpFREE@yahoogroups.com, "eecounter" <eecounter@> wrote:
> >
> ...One would also hope that the casino industry would see the tax implications for their best players (i.e. biggest losers), and pressure Congress to fix the problem before a cap is put in place, but I wouldn't count on that happening either...
>
> I bet the casino industry will give it their best efforts! When casinos look at the potential threats to their business I'm sure tax policy is right up there on the first page.
>
> In fact, it wouldn't surprise me at all if Sheldon Adelson has already mentioned this to Romney, Ryan, and others who may have a say in policy decisions.
>
> Mac
> www.CasinoCamper.com
>

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