Ok So I put $500 into a machine and win $1,000 I assume I pay tax of 10% on $500 ($1,000 minus my contribution of $500) which will equal $50.00
I then put $500 into a machine and lose the lot do I get a credit of 10% of my contribution which will be $50.00
Flinders
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- Taxing gambling winnings
Ok So I put $500 into a machine and win $1,000 I assume I pay...
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