#111. The IRS does or doesn't agree with the statement "casino player's clubs or rewards programs" entice patrons to lose more money or cheat taxpayers out of revenue owed.

  National Security Secret  

#111. The IRS does or doesn't agree with the statement "casino player's clubs or rewards programs" entice patrons to lose more money or cheat taxpayers out of revenue owed.

Related secrets: [#15, #4]

How many "loopholes" must one exploit to entirely circumvent the tax code?  When the logic is twisted back on itself the answer is:

As many as you want.

We're planning an attempt to explain how the reward programs work, what goes into deciding how many "free" spins are "rewarded" back to an individual who lost their fortune, and why those programs should be under the management of state gaming commissions - not those benefiting from them.

More information will be provided.

Originally posted on 03-03-2023 @ 11:13 AM