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Pastimes : All Clowns Must Be Destroyed
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To: Ilaine who wrote (5524)1/31/2000 7:09:00 PM
From: Oblomov  Read Replies (1) of 42523
 
Only the net winnings (winnings - losses) are taxable income. the U.S. used to have places like Steve is describing - they called them bucket shops, and they were outlawed in 1910 or so.

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