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by RyanRies 2638 days ago
Dear god... that means that the government will win more from your poker playing than you _ever_ will!
2 comments

"And this is how Republicans are made...." :-D
I used to believe this sentiment about 8 years ago, but after many republican presidents, our nation is only further in debt. Only Bernie Sanders seems to care about our nation’s increasing debt and he’s a registered independent.
So?

Government policy should incentivize constructive industries.

This tax rate is for general work when self employed. It's not specific to gambling.
Honestly, it is for ordinary wages also. The self-employment tax is basically the same as the employee and employer portions of the FICA taxes. (I think the only difference is that the self-employment tax basis is the before tax income while the wages tax basis is after the employer portion has already been paid.)