Half A Percent Tax Poll

Outstanding job, Pati.

Terri

The Casual Galloper

A lot has been made recently about thoroughbred aftercare and how it can be paid for; of all the equine “fields” the far and away leader for most expensive is the racing industry and all associated costs are equally as large. Billions are spent on wagering, auctions, races, and ticket sales with the horses that fall through the cracks often not seeing a dime of their efforts when it comes to retiring.

My proposal is a “Half a Percent” tax on ALL activities pertaining to racing: purchases/sales at auctions, tickets for big racing days or weekends, off of any wagering winnings over $1,000, and on stallion profits passed thirty mares covered.

This “half a percent” tax would create a pool of money intended only for horses that need to be rehomed outside of racing as OTTBs either for sport/pleasure riding or as pasture pals. A governing board would be established…

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