So if you bet, you know, 100 bucks a week and you end up up 500 bucks, Michigan should tax you just like the federal government does. But Under Michigan law, before we actually passed what was in the House last week, my bill, you would get taxed even if you lost. So you bet 500 bucks, you lost $1,000. You know, tax is still on the $500. Well, there's no other place in the tax code. (23:10–23:19)
CLAIM
Asserts that prior to recent legislation, Michigan taxed gambling losses.
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