Comment from O'Connor, Sara
Sara O'ConnorOpposeIndividual
Summary: Sara O’Connor, a recreational poker player and writer, opposes the proposed 90% gambling loss deduction cap, arguing that it creates "phantom income" by taxing money that was not actually earned. She contends that the rule unfairly penalizes honest, low-stakes players and advocates for a return to the previous rule allowing 100% deductibility of losses against winnings.
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