JamesWebbSlinger
kiwifarms.net
- Joined
- Aug 10, 2022
Tim had Braxton McCoy, a veteran & author, as the guest.
Brett, & Phil, were the co-hosts.
Clip Collection:
-Tim predicted the Big Beautiful Bill would not pass. He was wrong:
-Tim continues to whinge about the gambling tax. The beanie boy believes Elizabeth MacDonough, the Senate Parliamentarian, inserted a change to section 70114 of the Big Beautiful Bill, from being able to write off all gambling winnings to only up to 90% of the losses that year, so that it would comply with the Byrd Rule governing reconciliation packages, like this. The reason being that it shall end up with "middle-aged white dudes, in Pennsylvania" getting a tax bill of "$3,000 at the end of the year", turning them away from Donald Trump & the Republicans. Tim tries to claim that not reporting your winnings is akin "to lie on your taxes". But I believe to even take advantage of this rule, you have to use itemised deductions, which only a small share of taxpayers do. & I do not see a normal man, playing in his spare time, noting wins & expense to maximise it, unless he is deeply invested in gambling, already. But Tim argues this shall sink the Republicans in the midterms, with Democrats blaming them for ruining fantasy sports leagues & poker tournaments:
Braxton notes that the funding for immigration enforcement in the bill makes it vital to pass, but it could affect Nevada & Kentucky, which has large gambling institutions. Tim says the Republicans are too cowardly "to win, forever" by removing the Senate parliamentarian to get their way. With this change to the taxation scheme, the beanie boy calls it "an exponential loss for your recreational gamer, or amateur tournament goer" that will lead to Republicans being undermined at the ballot box:
Tim brings up his booker, Lisa Elizabeth, doing research on the source of this addition to the bill. Which includes the beanie boy deriding her using the term "gambling" & not "wagers". He goes so far as to claim that people will simply stop doing their favourite activities, like going fishing, because they may have to pay a tax on winnings from competitions:
-A super-chatter advises Tim to talk to a tax lawyer, & not gamblers, on what the implications are for taxes. Tim smugly replies that he has talked to a slew of people, from gamblers to politicians, which agreed with his interpretation. Though he does raise the interesting question of whether super-chats are tips, or not, as part of this. If there is no tax on tips now, that is good for people, like Tim, that live off them:
















