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Posted June 13. 2014 11:51AM

NHSUPCO rejects challenge to repealed 10% tax on gambling winnings

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Willey is a New Hampshire resident who, for the three years preceding the filing of this action, derived almost all of his earned income from gambling. For the 2009 tax year, he owed no federal income tax because his gambling losses exceeded his winnings. Under the Gambling Winnings Tax, he reported gambling winnings of $184,700 for that part of 2009 during which the tax was in effect and paid $18,470 in tax under the statute. All of his winnings during this period were from out-of-state casinos.