Here they go again!

[so.cal.fan]

Check out the last paragraph here......the "great idea" of raising the takeout.....yet again, is raised! Damn it.....keep those emails of protest coming in to the CHRB.....PLEASE!

http://www.drf.com/news/article/47914.html


They just don't get it! GIVE TAX BREAKS TO HORSE OWNERS in California! That way, maybe people will go back in the business, more horses will run in races.......more handle.....more attendance and no need to continue screwing the horseplayers!
SO. CAL. FAN IS IN FAVOR OF HUGE AND EVEN UNFAIR TAX LOOP HOLES FOR HORSE OWNERS IN CALIFORNIA AND ELSEWHERE!!!
WE NEED MORE HORSE OWNERS TO KEEP THE SHOW GOING!!!
We also need TAKE REDUCTIONS.......how about 10% on every type of wager!
The stupid plan suggested in this article.....will NOT help the industry. Perhaps, trainers will keep more money in their pockets, but do you really think this saving will be passed down to the owners? I don't.

[DJofSD]

It's just one more indication of how the Dufas administration has brought the state to the brink of disaster. Raising the take out is almost literally an example of how liberals and Democrats have got the cart before the horse.

DJofSD

[so.cal.fan]

This is true, DJ, however.........the "dufus" administration is not much different in regards to the horseracing industry as the previous "dufus" administrations.
The last guy to give any breaks to racing was Ronald Reagan, when he was governer of Calif. We haven't had any help since then......and it is starting to SHOW!:(

[VetScratch]

From the article:

The California Thoroughbred Trainers are considering approaching the state's racetracks in coming days with a request to raise interstate simulcasting rates as a way to offset escalating costs for workmans' compensation insurance.

Trainers are attempting to reduce the costs of covering jockeys in races, an amount that currently varies for individual trainers. Some trainers pay as little as $70 per mount, while others are being charged as much as $172.
States with liberal social welfare legislation need to exempt certain industries from legal interpretations that don't make sense, or relax enforcement in certain industries.

Nationwide, more than 95% of horse owners operate at a loss (and have been stripped of major tax "loopholes" since the 1986 Tax Reform Act). Since most owners cannot qualify their racing operations as anything but a passive investment or a hobby enterprise, horseracing no longer enjoys equal footing with other luxury expenditures that are easier to integrate (tax-wise) into an owner's active (non-passive) business interests.

Among trainers and jockeys, only those at the peak of the pyramid enjoy NET incomes that equal or exceed what was routinely paid to middle managers in corporate cesspools like Enron and Global Crossings. Who in California is goofy enough to think racing can support $70 to $170 per mount in workmans' compensation insurance?

The most viable way to let free enterprise help racing is to treat the whole food chain of finances as "independent contractor relationships" where trainers, jockeys, excercise riders, and all stable help operate as self-employed contractors who are solely responsible for taxes, FICA, workmans' compensation, health insurance, disability insurance, etc. That is why IRS Form 1099 exists.

Racing in most states would already be extinct if legislation or lax enforcement did not already allow this form of free enterprise to by used for most financial relationships.

[doophus]

Originally posted by DJofSD
It's just one more indication of how the Dufas administration...

DJofSD:

Referring to the Davis administration as "the Dufas administration" is tantamount to labeling them genii. Also, I take humbrage with your denigration of all the world's Doophuses. <g>

Other than that you seated the spike in the crosstie with only ONE great blow!

Keep it up, but be prepared for some name-calling and proclamations by (2-3) befuddled liberals on this board.


George Evans

[Kentucky Bred]

Yea, calling the Davis administration dufuses gives all the other dufuses A BAD NAME!

I hope they can keep Del Mar. It is the greatest track in the world.

(Mayday, mayday...we're going down)

Once the simulcast money begins to drop because they cannot remain competitive with the rest of the country, I have an idea.

Why doesn't California tracks reduce their field size from 5 (currently) to a series of 8 Match Races?! That way they can run an average card with only 16 horses!

Seabiscuit is rolling over in his grave.

Kentucky Bred