I really like the way you edited out the words "As a practical matter" to alter the meaning of the sentence.
And if you think that most people declare the money they win at gambling on their income taxes even if doesn't generate paperwork then you clearly deluded.
As to whether that makes sit right or not is irrelevent to what I said. If you want to have that discussion I would be happy to have it but not here on the board since I don't think most readers of the board care.
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