Sam Mesi v. Commissioner of Internal Revenue

SCHNACKENBERG, Circuit Judge.

Sam Mesi, hereinafter referred to as the taxpayer, by his petition asks us to review a decision of the tax court which decided that there is a deficiency in his income tax for the year 1946 in the amount of $10,887.77. The tax court made findings of fact and rendered an opinion. 1

During the year 1946, taxpayer was engaged in the business of accepting wagers on horse races, commonly known as bookmaking. He had a principal location for which he paid an annual rental. Incoming bets totaled $793,287.-50 in 1946. He employed 6 or 7 persons during that year, paying them…