Speaking to reporters aboard Air Force One, Trump said he may entertain the proposal when asked whether gambling earnings could eventually become exempt from federal tax.
“We have no tax on tips, we have no tax on Social Security, and we have no tax on overtime,” he said. “No tax on gambling winnings, I don't know. I'm gonna have to think about that.”
That should be a NET POSITIVE to US Economy!
Any move involving gambling taxation would touch a significant portion of the U.S. population. Data from the American Gaming Association shows nearly 60% of American adults have gambled in the past year, with 30% visiting a physical casino and 21% placing sports bets.