Why did Tesla stock drop after Musk announced new party?
How will Trump's new tariffs affect global trade?
What caused Netflix stock downgrade today?
Why is Apple appealing EU's $500 million fine?
How did Texas floods impact local businesses?
What’s behind CoreWeave’s $9 billion acquisition move?
Why are chipmakers benefiting from the new tax bill?
Ante up: Trump’s budget bill stacks the cards against gamblers, saddling them with a notably higher tax bill
fortune.com/2025/07/07/trump-budget-bill-gamblers-taxes-losses
Trump’s budget bill stacks the tax odds against gamblers. Starting in 2026, gamblers will only be able to deduct 90% of their losses, versus 100% today. That means even if you break even for the year, you’ll still face a tax bill. Pro gamblers are rallying against the act, as are other…
This story appeared on fortune.com, 2025-07-07 15:44:53.