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Originally Posted by geof
That law is brutal. Most of all wager's are placed with after tax money. It's like a double tax. As for the Derby, the last 6 winners have come from 6 different tracks at odds of 4-1 to 50-1, so I don't think there is any real way to figure this race out. Go with your gut..... Go CJ.
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and if I overpaid my taxes and receive a refund they count that as taxable income.
My gut is telling me Z something is the bet