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Forum: General Racing Discussion

02-19-2016, 04:36 AM

Replies: 254

Time for Contraction

Views: 38,495

Posted By Hoofless_Wonder

Looks like some relief in the short term is now...

Looks like some relief in the short term is now focused for the sport:

http://www.bloodhorse.com/horse-racing/articles/96636/tax-incentives-for-horse-owners-approved

I don't have a clue how...

Forum: General Racing Discussion

11-08-2015, 01:29 PM

Replies: 254

Time for Contraction

Views: 38,495

Posted By Hoofless_Wonder

IMHO, the tax law change in the mid 80's had an...

IMHO, the tax law change in the mid 80's had an extremely detrimental effect on the sport. If owners, hobbyists or not, active/passive or not, could no longer write off losses indefinitely, then...

Forum: General Racing Discussion

11-01-2015, 08:37 PM

Replies: 254

Time for Contraction

Views: 38,495

Posted By Hoofless_Wonder

Write offs. Must show a profit now in two of...

Write offs. Must show a profit now in two of seven years. In the good old days, an owner could write off losses indefinitely.
...

Forum: General Racing Discussion

11-01-2015, 07:12 PM

Replies: 254

Time for Contraction

Views: 38,495

Posted By Hoofless_Wonder

Back in the mid-late 1990s, after seeing the...

Back in the mid-late 1990s, after seeing the beginning of a decline in racing, I thought the internet and online wagering would be the catalyst to revitalize the sport.

I could not have been more...

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