Re: How will part-time players survive a regulated poker site?
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Tax law would have to be rewritten to make it fair or even worth regulating, otherwise regulation might just kill the industry itself.
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How so? Losses are deductible at the federal level, as was explained. If your state doesn't do this, I guess you'll have to work for change at that level. Besides, these taxes are owed under the current system....the only thing regulation will change is reporting by sites.
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