Today's PPA Update...

[Kurn]

But my point is, and always has been, that once all the moderately losing and break even fish who aren't property owners get their tax bills, they're going to leave anyway.

How do you think a break-even player who has, say $6,500 in winning sessions and $6,500 in losing sessions will react when 6-15 months after the first year of legaliztion he gets a letter from the IRS asking him for the $900 in back taxes plus $500 more of interest and penalties? Do you think he'll say "Oh well, that's the cost of my hobby" and keep playing?

What about the casual player with a little bigger bankroll who all of sudden finds out he can't deduct student loan interest or contribute to his Roth because his break-even poker playing has added 6 figures to his AGI?? Will he keep playing?



Party will return, affiliate programs will return and both of those will be back to stay. The fish will return for a year, then be gone forever.

That's my last word on this. I'm not going to all worked up anymore about a bill that has less than a snowball's chance in Hell of becoming law.