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re: Gambling on Sports? Open a Roth IRA and "gamble" where winnings are tax free forever.
Posted on 2/14/22 at 1:16 pm to bbap
Posted on 2/14/22 at 1:16 pm to bbap
quote:
You still pay taxes on Roth IRA's. You just pay them up front and not on "winnings".
So not really sure the point of the thread.
When you gamble on sports you are using after tax money.
If you win, you pay taxes on winnings.
When you put after tax money in a Roth any "winnings" that you have are tax free forever.
Including winnings that you make on your winnings.
You're welcome.
1
Posted on 2/14/22 at 1:25 pm to they call me horse
You're an embarrassment to the horse names.
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