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Thread: Withholding
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Old 06-03-2014, 05:31 PM   #7
Robert Goren
Racing Form Detective
 
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Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
The IRS will do what it wants whether anyone thinks it fair or not. It is damn fool that does not consider the tax consequences when he is wager and that includes withholding rules. I doubt if the new purposed rules go anywhere unless a Senator gets behind them. Even then it will take years.
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Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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