Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board


View Single Post
Old 10-13-2010, 09:06 PM   #5
jonnielu
Veteran
 
jonnielu's Avatar
 
Join Date: Jan 2007
Location: Lexington, KY
Posts: 2,255
Quote:
Originally Posted by Track Collector
Uncle Sam is certainly unfair to horseplayers when it comes to the tax laws. He is particularly hard on those who engage in the activity as a hobby and/or recreation. Even those who are able to file as Professional Gamblers (that is, wagering is their Business), find that that tax laws treat their business unequally when compared to other types of businesses. One notable example of this unfairness is the inability to carry over losses from one year to off-set profits from another year, whereas many other types of businesses can.
You've also got to consider that if the citizen of a Republic is so ignorant of its fundamental laws that he believes his fellows can lawfully vote themselves some of his property. He might not deserve any fairness.

jdl
jonnielu is offline   Reply With Quote Reply
 
» Advertisement
» Current Polls
Wh deserves to be the favorite? (last 4 figures)
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 08:23 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright 1999 - 2023 -- PaceAdvantage.Com -- All Rights Reserved
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.