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Need help asap, Must someone pay taxes on embezzled funds? Why? If someone goes to a racetrack and wins $ 1 0 , 0 0

Need help asap,
Must someone pay taxes on embezzled funds? Why?
If someone goes to a racetrack and wins $10,000 on Sunday and then loses $12,000 on Monday, how much money does he owe for taxes?
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