ilmscore | Prediction Details
"gamblers are now going to have to pay a 10% tax on their losses"
By Graham Stephan | July 4, 2025 | Incorrect
From video
BREAKING: Trump JUST Signed The LARGEST Tax Cut In American History - What’s Inside! 00:15:59 - 00:16:02
Interpreted Prediction
Predicted that gamblers will now have to pay a 10% tax on their losses.
AI Evaluation Notes
A new law, the 'One Big Beautiful Bill Act,' signed into law on July 4, 2025, will limit the deduction of gambling losses to 90% of winnings, effective January 1, 2026. The prediction stated a 10% tax on losses, which is distinct from a 10% limitation on loss deductions, and the effective date is in 2026, not immediately in 2025 as implied by 'now.'

Prediction Details

Topic
Gambling Taxes
Target
10% tax on gambling losses
Predicted date
Ongoing

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.