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Why hasn't McCain reported his gambling gains and losses on his tax returns?

Discussion in 'U.S. Politics' started by Popeye, Jul 13, 2008.

  1. Popeye

    Popeye Active Member

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    I previously started a thread about John McCain's gambling habit Now it appears there may be little more to this gambling story than originally thought.

    The question has been raised why hasn't McCain reported his gambling gains and losses on his tax returns?

    Will the media take a look at this story, I doubt it. Can you imagine if it was Obama who was the high stakes craps player with no mention of it on his tax returns? The media, particularly Faux, would be in an uproar.
     
  2. Federal Farmer

    Federal Farmer New Member

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    More DailyKooks non-sense. Can't ANY of you stick to the substantive issues?
     
  3. Popeye

    Popeye Active Member

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    While I guess Kos originally raised the issue, the link to the professor's blog doesn't look to be nonsense. He appears to know what he's talking about and raises a valid question, one that you appear unable to deal with.
     
  4. Federal Farmer

    Federal Farmer New Member

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    I refuse to accept ANY "rumor mongering" from ANYONE! Read the story you yourself linked to. There are more "IF'S" in it than in any scientific roundtable discussion I've ever witnessed!

    Take this entire paragraph for instance (I'm taking the liberty of enhancing all of the "questionables");
    This ASSHOLE made a leap that would make Jesse Owes proud by taking all manner of suppositions (totally unsupported by ANY fact) and then spinning it into some kind of accusation that some Lobbyist is "bankrolling" him (also totally unsubstantiated) in an effort to contribute money to his campaign fund (also totally unsubstantiated). I haven't seen that many twists and turns in such a short timespan since Greg Louganis's performance on the 10 meter platform in the '84 Olympics and Laura Wilkinson's in the '00 Olympics!
     
  5. Popeye

    Popeye Active Member

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    The use of the word "if" was needed because the professor is unsure whether McCain has been winning or losing. He also uses it in the context of speculating as to why McCain would try to hide this fact. Remember, if he is winning and not declaring he is breaking the law.

    What doesn't appear to be iffy however is that McCain hasn't reported any gains or losses from the thousands that he has admittedly wagered. The only real question here is, why?
     
  6. Federal Farmer

    Federal Farmer New Member

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    It's ALL pure speculation with NOTHING to substantiate it. If he had won, he'd have been issued a W-G by the CASINO! They HAVE to issue a W-G to ANYONE who wins more than $600.00. The LACK of a W-G is clear evidence that he DID NOT win more than $600.00, or are you saying that the Casino is in cahoots with McCain?

    Maybe he BROKE EVEN. No winnings, no losses, no need to declare ANYTHING. Hell, I've gone to Vegas and Reno and come out a few hundred behind, but I didn't try to write it off on my taxes. Not because I was trying to "hide" anything, but because I considered it part of the cost of the trip. I've also gone and come out a couple of hundred ahead, so, no need to declare ANYTHING. I've gone and come out a couple of thousand ahead (once) and was issued a W-G and HAD to declare it, so I did.

    You're STILL trying to pick gnat-sh** out of pepper Popeye, because THAT'S ALL YOU'VE GOT. You, the DailyKooks, Huffingbiotch, and all the rest of you that engage in this type of stupidity are nothing but morons.
     
  7. Libsmasher

    Libsmasher New Member

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    The source for Poop-I's slur du jour, like most of them, is the Daily Kos. REAL CREDIBLE. :D Why do you even bother to take note of this crap? :rolleyes:
     
  8. Cookie Parker

    Cookie Parker New Member

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  9. Cookie Parker

    Cookie Parker New Member

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  10. Cookie Parker

    Cookie Parker New Member

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  11. Federal Farmer

    Federal Farmer New Member

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    Cookie, first off, I'm not even going to read anything from Huffingbiotch. It's GARBAGE, and not fit to line a bird-cage. Secondly, The Atlantic? Not much better. As for the Time piece, no mention of any specific amounts of winnings or losings, so moot to the point of the conversation.
     
  12. Cookie Parker

    Cookie Parker New Member

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    ROFLMAO!!!

    Just like a repub. Well, guess what? A LOT of people read these publications and 76% of Americans do NOT want another republican president because they do NOT think the policies of republicans have HELPED our nation.

    Moot or not, McCain is the republican's worse nightmare...from temper to insanity to gambling...to memory lapse and flip flopping.
     
  13. Federal Farmer

    Federal Farmer New Member

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    Care to cite your statistics, from a REPUTABLE source (Huffingbiotch.com and DailyKooks do NOT count). A LOT of people read that garbage? No joke, it's obvious from the sheer lack of critical thinking skills that most people exhibit today that that's about all they can handle, aside from the big pre-school crayons.:rolleyes:

    The fact is that this is nothing but school yard "gotcha" games, and they don't mean squat, and anyone who engages in this type of tripe is too dumb to be allowed to vote.:eek:
     
  14. foggedinn

    foggedinn New Member

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    Virtually everyone loses at the casino, especially if their a regular.

    For rather obvious reasons, the IRS has set up the deductibility rules so that a taxpayer can't declare greater gambling loses than declared gambling winings. There can be no net tax gain to the taxpayer by declaring gambling loses. There can only be net gain to the IRS by declaring gambling winnings.

    Except for jackpots that can't avoid being declared, why would anyone declare anything about gambling to the IRS.
     
  15. Libsmasher

    Libsmasher New Member

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