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Show POKER PLAYERS i MUSTPAY TAX Income Tax Must Be Paid by ( the Winner -No Relief for Loser. I WASHINGTON, March 4. Poker profiteers were hit today by tho Internal Inter-nal revenue bureau's informal ruling that earnings from tho game wero subject to the income tax, but losses could not be deducted from incomo In figuring the tax. Thus there is a tax for the winner and no rollef for the loser. Tho ruling was given In answer to the following lotter of inquiry: "Kindly tell me whether poker loss-I loss-I es arc deductible from not income in figuring incomo taxos. I have lost , largo sums in tho past year and tho I question with mo is vital. For tho In-1 In-1 formation of a friend who has had , good poker profits please tell me (whether theso are to bo deducted in income." |