ALEXANDRIA, Va., June 4 -- United States Patent no. 12,322,248, issued on June 3, was assigned to CFPH LLC (New York).
"Aggregate tax liability in wagering" was invented by Phillip L. Flaherty (Las Vegas).
According to the abstract* released by the U.S. Patent & Trademark Office: "Methods, apparatus, and article of manufacture for computing an aggregate tax liability at a gaming device comprises receiving an indication from the gaming device of a start and end of a gaming period. A plurality of games are played by a player during the gaming period. The amount of the player's winnings and losses for each game played is monitored. A total winnings and a total losses incurred by the player during the gaming period is computed, and an aggrega...