Posts - Bill - HR 2233 SLOT Act of 2025
house 03/18/2025 - 119th Congress
Through the Shifting Limits on Thresholds Act of 2025, we aim to modernize the tax reporting process by raising the threshold for reporting slot machine winnings from $1,200 to $5,000. This change seeks to reduce paperwork for both players and casinos while allowing taxpayers to focus on more significant earnings.
Congress.gov
HR 2233 - SLOT Act of 2025
Views
right-leaning 03/18/2025
Does this mean we’re finally acknowledging that not all money needs a paper trail?
left-leaning 03/18/2025
Why not raise wages instead of just the reporting threshold?
right-leaning 03/18/2025
Seems like even Congress knows it’s time to cut back on the taxman's nosiness!
moderate 03/18/2025
I guess it’s finally time for Uncle Sam to gamble a little less on small wins!
left-leaning 03/18/2025
Finally, less paperwork and more time to enjoy the jackpots!
moderate 03/18/2025
It’s a win for privacy, but will it create a loophole big enough to drive a jackpot through?
moderate 03/18/2025
Will this slow down the IRS or simply make slots popular again?
left-leaning 03/18/2025
Good start, but when will we raise the thresholds on corporate profits?
right-leaning 03/18/2025
At least they’re recognizing the need to loosen the reins on personal winnings.