1. 12-21-11 07:46 AM #1
    jjgold
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    Take A Look At These Tax Rates For Horseracing

    Current tax rates on horse racing
    Hong Kong
    		 72.5% - 75%
    Singapore
    		 25%
    Australia
    		 28%
    New Zealand
    		 16%
    UK
    		 15%
    Macau
    		 0%
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  2. 12-21-11 08:23 AM #2
    str
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    Is this tax on gambling winnings?

    If so, offsetting those winnings are not that hard to prove.
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  3. 12-21-11 08:33 AM #3
    jjgold
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    I do not know

    I think its what Gov't takes from the companies
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  4. 12-21-11 08:55 AM #4
    str
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    It could be the rate that owners are taxed on purse winnings.

    If so, the rates over 15% are brutal.

    Typically they will not allow for expenses off the top.

    At least that is what they try and push for.

    New Jersey used to try and play that game with me being out of state.

    It was a tough battle to fight it off.
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