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Old 12-17-2014, 04:29 PM   #1
Spiderman
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Tax Break on Racehorses Passes Congress
Owners get tax relief, as they should.

Bettors get nada.

http://www.bloodhorse.com/horse-raci...ess?source=rss
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Old 12-17-2014, 04:40 PM   #2
AndyC
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Quote:
Originally Posted by Spiderman
Owners get tax relief, as they should.

Bettors get nada.

http://www.bloodhorse.com/horse-raci...ess?source=rss
They really didn't get anything that wasn't already in place for the prior 4 years.
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Old 12-17-2014, 04:46 PM   #3
Spiderman
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Originally Posted by AndyC
They really didn't get anything that wasn't already in place for the prior 4 years.
Yes, I know read articles before posting.

Bettors got nothing through NTRA, but owners did. I will not ever again pay membership in NTRA. They are a marketing company - do nothing for bettors.
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Old 12-17-2014, 11:53 PM   #4
Robert Goren
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They can lower the takeout now since owners with this tax break won't need those large purses like they did before.
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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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Old 12-18-2014, 11:01 AM   #5
AndyC
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Originally Posted by Robert Goren
They can lower the takeout now since owners with this tax break won't need those large purses like they did before.
The owners didn't get anything that they didn't already have. Their so-called tax benefits had expired and they were just renewed for 2014 only.
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