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Old 12-13-2005, 08:58 PM
SomethingClever SomethingClever is offline
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Join Date: Apr 2004
Posts: 3
Default Re: Quick Tax poll (not whether or not you\'re paying)

This isn't quite true.

Your taxable income should be the same, regardless of how you define your sessions. And your tax rate is determined by your taxable income. You won't be in the millionaire bracket if you make $1,000,000 and lose $900,000 for example.

The problem with reporting each table's wins and losses is that it results in a hyper-inflated AGI (adjusted gross income), which can affect Roth IRA eligibility, student loans, etc...
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