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Originally Posted by the little guy
Yes it is.
I guess it is a good thing I could correct him. People should not believe that. It isn't even close to true.
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Lambo may embellish somewhat but if he is paying the bills, I have no reason to doubt him.
Have you owned/or been involved in ownership to the extent that you are paying the invoices? I certainly have not. Is the extent of your opinion the result of second hand information or direct involvement?
Regardless, I know that I would rather use the $9-$10K playing the horses then paying for horses unless there are some compelling tax breaks associated with horse ownership.
