Chicago Barn to Wire BRIS
Home | News | Bloggers | Forums | Resources | Links | Marketplace | Gallery | Contact Us | Search


August 23, 2014, 06:30:02 AM *
Welcome, Guest. Please login or register.

Login with username, password and session length
News: If you don't remember your password, email me.

New  registration procedures -- Some ISPs have been bouncing the verification emails.  Please email me to be activated or if you have any problems.  Click Contact Us above.
 
   Home   Help Search Login Register  
Pages: [1]   Go Down
  Print  
Author Topic: Congress introduces bill to eliminate 25% withholding tax on horse winnings  (Read 429 times)
vegas jay
Hero Member
*****
Posts: 1229




Ignore
« on: April 30, 2009, 05:15:12 AM »

A bill was introduced Tuesday night in the U.S. House of Representatives that would eliminate the automatic 25 percent federal withholding on pari-mutuel winnings of $5,000 or more for bets that carry odds of 300-1 or higher.

The bi-partisan "Pari-Mutuel Conformity and Equality Act" was introduced by Rep. John Yarmuth (D-KY). Rep. Charles W. Boustany, Jr. (R-LA) is the lead co-sponsor.

The complete story: www.ntra.com/content_print.aspx?type=news&id=39121
Report to moderator   Logged
njhorseman
Sr. Member
****
Posts: 329




Ignore
« Reply #1 on: April 30, 2009, 11:22:51 AM »

A good idea, because it keeps money circulating in the wagering pools. A better idea would be to eliminate taxing gambling winnings.
Report to moderator   Logged

"I'm a retired investor living on a pension."
vegas jay
Hero Member
*****
Posts: 1229




Ignore
« Reply #2 on: April 30, 2009, 05:44:34 PM »

I agree! It's my understanding that Canada does not tax gambling winnings.
Report to moderator   Logged
Pages: [1]   Go Up
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2013, Simple Machines Valid XHTML 1.0! Valid CSS!
Page created in 0.07 seconds with 16 queries.

Home
Upcoming events
Arlington Million
Horse slaughter in IL
Racing TV schedule
News Updates
Legislation

Galloping Out

Previous stories

Arlington
Balmoral
Hawthorne
Maywood
Chicago Sun-Times
Chicago Tribune
Blood-Horse
Daily Racing Form
Thoroughbred Times
Harness Link
Illinois Racing Board

 

2014

Arlington Million
Triple Crown
Illinois Derby

2013

Breeders' Cup
Hawthorne Gold Cup
Arlington Million
Triple Crown
Illinois Derby

2012

Breeders' Cup
Hawthorne Gold Cup
Arlington Million
Triple Crown
Illinois Derby

More ebay items

 

Home | News Updates | Bloggers | Forums | Search
Resources | Links | Marketplace | Gallery | Advertising | Contact Us

Copyright © 2000-2014 Chicago Barn to Wire. All rights reserved.
Privacy policy