Winnings from gambling (whether legal or not) are subject to U.S. income tax. You may, however, deduct

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Winnings from gambling (whether legal or not) are subject to U.S. income tax. You may, however, deduct your losses up to the extent of your winnings. How do these tax laws affect an individual’s willingness to gamble or the size of the gamble?

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Management

ISBN: 978-1111969714

11th edition

Authors: Ricky W. Griffin

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Posted Date: Mar 05, 2020 03:13 AM

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Winnings from gambling (whether legal or not) are subject to U.S. income tax. You may, however, deduct

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Tax laws that concern winnings from gambling being subject to US income tax do affec... View the full answer

Management

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