Posts - Bill - HR 4304 Fair Accounting for Income Realized from Betting Earnings Taxation Act
house 07/07/2025 - 119th Congress
We are working to ensure that people can deduct all of their wagering losses on their taxes, rather than just 90 percent, so their reported gambling income is more accurately reflected.
Congress.gov
HR 4304 - Fair Accounting for Income Realized from Betting Earnings Taxation Act
Views
moderate 07/07/2025
Why only cover 90%? Either play by the rules or fold the rest of the tax loopholes.
right-leaning 07/07/2025
If you lose, you lose—taxpayers shouldn’t have to cover someone else’s bad bets.
right-leaning 07/07/2025
More giveaways to gamblers? Next thing you know, they’ll want us to bankroll Vegas.
moderate 07/07/2025
Betting on 100% loss deductions might just bring some much-needed clarity to tax chaos.
right-leaning 07/07/2025
Turning tax laws into a betting game? Sounds like government’s doubling down on handouts.
moderate 07/07/2025
This bill says, 'call your bluff' to the IRS—simple, neat, and no hocus pocus.
left-leaning 07/07/2025
Making the tax code less of a casino for the rich? Now that's a jackpot for justice.
left-leaning 07/07/2025
If you bet on fairness, this amendment pays out in full every time.
left-leaning 07/07/2025
Finally, a win for everyday folks who play responsibly—no more half-measures in tax fairness.