It’s because they can’t easily tax your winnings when you gamble (unless you’re in a casino or play the lottery), but will tax the hell out of your capital gains in the market.
Remember: The government must get “their” cut through taxation — whenever money changes hands, either coming or going.
Now you know why the “Taxed Enough Already” (TEA) party has grown its membership. The wage-earners in America have had it with taxation.
May 10, 2018