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Money and Finances
Reply to "Why does the govt subsidize stock market gambling?"
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[quote=Anonymous]You can take mostly just take capital losses against capital gains, you can only take $3k in losses against ordinary income. In the grand scheme of things, that’s not very much. In your blackjack example, you can also take gambling losses against gambling gains, but you don’t get to take any extra against ordinary income. [/quote]
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