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kigerman
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![[*]](./images/xpsilver/default_icon.gif) posted on 11-5-2009 at 05:01 PM |
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of course you are wrong easy rider. 6% tax applies to millionaires too. stud
fees as well.
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WaterWings
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| posted on 11-5-2009 at 05:13 PM |
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Mode Note: Come on people. Lets not get into the political aspects of this issue. Two sides to every story. Lets also not inadvertently make it a
personal issue either. Thanks.
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EasyRider
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| posted on 11-5-2009 at 05:16 PM |
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And guess where the stud fee tax goes.......see below
Administered by the Kentucky Horse Racing Authority, the fund became effective Jan. 1, 2006 after Fletcher signed an emergency regulation in December
2005 to implement the program for the 2006 racing and breeding seasons. The legislation shifted the sales tax on stud fees to the breeders’ incentive
fund. Before 2005, Kentucky was the only major Thoroughbred breeding center without an incentive fund.
And I think I'm right that when Maktoum pays 10 million for a horse at Keeneland sales he doesn't pay sales tax!!!!!!!!!!!!
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EasyRider
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| posted on 11-5-2009 at 05:27 PM |
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And here it is!!!! SEE BELOW And dern sure see nothing political that I have posted other than the legal mumbo-jumbo.
Purchaser claims exemption from Kentucky Sales Tax (Initial One)
1._______ The purchase is made for breeding purposes only; or
2._______ The purchase is made by a non-resident of Kentucky of a horse less than
two (2) years of age;
3._______ The horse purchased is two years old or older, which is not sold for breeding purposes
only, and will be immediately shipped by Keeneland Association, Inc., from Lexington,
Kentucky to the purchaser at an out-of-state point via licensed Interstate Common Carrier
(ICC). It is understood and agreed that such shipment shall be wholly at purchaser’s risk.
A release will be issued to ICC carrier upon receipt of bill of lading. All expenses incurred
by Keeneland in shipping the horse will be invoiced to purchaser and Keeneland shall
retain a lien in the horse to secure all such expenses.
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CountryBP
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| posted on 11-5-2009 at 05:30 PM |
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| Quote: | Originally posted by kigerman
| Quote: | Originally posted by yeahbuddy
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As for country bp, whatever happened to you championing personal responsibility? Isn't that a conservative value? Are you only for govt. protecting
us citizens when you deem necessary? |
Well - Sure. But more I want the government not to sponsor an
institution that will injure the population and economy as a whole. Sure Tax dollars come in and then of course w/ that you get some shiny new
buildings or whatever - but guarantee it - much wasted and more coruption. BUT.... again - to get those Tax Dollars - MUCH MORE of the Wealth of KY
will leave the state to the Ownership of the Casinos. So - actually there is a net loss.
Again- if it is only about money - why not allow and tax other ventures??? Prostitution, Herion, Crack - whatever you want - lets go to it.
Friendliest Little Store By a Dam Site!
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kigerman
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| posted on 11-5-2009 at 05:31 PM |
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How much does the sheik pay all of those people that work on his farm? I'm pretty sure he pays tax on the horses that stay here and his farm is here.
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CountryBP
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| posted on 11-5-2009 at 05:36 PM |
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| Quote: | Originally posted by kigerman
| Quote: | Originally posted by yeahbuddy
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Please explain "free ride". KY is known worldwide for horses. We have the biggest share of the best quality horses in the world. Unfortunately other
state bred programs are starting to take away business from KY. KY should have by far the best state bred program in America bar none!! Then we could
grow (and pay more taxes and provide more jobs) instead of sitting around waiting on that idiot williams to do anything. |
All of this is well and good - BUT... If the industry can't make it on its own - WHY?
Other states are doing it better? Why? Are we not doing as well as we should?? Shouldn't we compete on the merits?
It goes to - WHY should the Horse industry be the CHOSEN winner in this game? IF we do something like this - shouldn't it be on a completely
competitive basis? I think it should only be in BP satations as it is getting more difficult to compete w/ other stations. We can't compete w/
Krogers and Sams and Walmart on prices. I think providing Fuel to the vehicles of the community is much more imperative than breeding and racing
horses.
Friendliest Little Store By a Dam Site!
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EasyRider
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| posted on 11-5-2009 at 05:48 PM |
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| Quote: | Originally posted by kigerman
How much does the sheik pay all of those people that work on his farm? I'm pretty sure he pays tax on the horses that stay here and his farm is here.
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Minimum wage would be my guess!
And any smart business person would ship the horse out of state to avoid the tax. I see nothing about how long it has to remain out of KY. before
returning! LOOPHOLE???(See #3)3._______ The horse purchased is two years old or older, which is not sold for breeding purposes
only, and will be immediately shipped by Keeneland Association, Inc., from Lexington,
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ProVle
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| posted on 11-5-2009 at 05:54 PM |
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All of this is well and good - BUT... If the industry can't make it on its own - WHY?
Other states are doing it better? Why? Are we not doing as well as we should?? Shouldn't we compete on the merits?
The reason is simple the other states allow gaming which gives them more money to pay the breeder's bigger purses. We in Ky. are losing one of our
signature industry's to ignorance.
NEVER DRINK WATER-FISH HAVE SEX IN IT-W.C. FIELDS
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EasyRider
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| posted on 11-5-2009 at 05:58 PM |
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How bout our other two signature industries? Tobacco and bourbon? They are in trouble also. Lets get a slot machine in Farmer Browns tobacco barn
too.
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Captain Bob
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| posted on 11-5-2009 at 06:06 PM |
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"Gaming" or "Gambling"... what's the difference?
They each sound like a gimmick to take money out of many little pockets and put it into a select few big pockets --all in the name of "sport"..
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ProVle
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| posted on 11-5-2009 at 06:08 PM |
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| Quote: | Originally posted by EasyRider
How bout our other two signature industries? Tobacco and bourbon? They are in trouble also. Lets get a slot machine in Farmer Browns tobacco barn
too. |
Heck yea! and do not forget the coal mines they all have some sort of background related to gaming "RIGHT"?
NEVER DRINK WATER-FISH HAVE SEX IN IT-W.C. FIELDS
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EasyRider
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| posted on 11-5-2009 at 06:18 PM |
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| Quote: | Originally posted by Captain Bob
"Gaming" or "Gambling"... what's the difference?
They each sound like a gimmick to take money out of many little pockets and put it into a select few big pockets --all in the name of "sport"..
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Where I worked we got a group together and rode a bus over into Indiana to a casino. They gave a ride for a small charge and the casino furnished the
transportation. No chance of getting on the bus right after welfare checks went out. Had to give it a week or so to be able to get a seat.
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EasyRider
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| posted on 11-5-2009 at 06:21 PM |
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| Quote: | Originally posted by ProVle
| Quote: | Originally posted by EasyRider
How bout our other two signature industries? Tobacco and bourbon? They are in trouble also. Lets get a slot machine in Farmer Browns tobacco barn
too. |
Heck yea! and do not forget the coal mines they all have some sort of background related to gaming "RIGHT"? |
Forgot about the miners. You are right, a slot machine in every company store.
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ProVle
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| posted on 11-5-2009 at 08:38 PM |
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Thank's mod's for keeping this thread open. I'm trying very hard to be good and play by the the rules!
NEVER DRINK WATER-FISH HAVE SEX IN IT-W.C. FIELDS
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Captain Bob
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| posted on 11-5-2009 at 10:03 PM |
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The Mods appreciate it when everyone plays nice..
......steps back to the rear of the Bunker to quietly observe.
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Spoonbill
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| posted on 11-6-2009 at 02:20 AM |
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Maybe, Kentucky is full of Wind Nuts that want to control social behavior of those that are sinful and want to drink and gamble.
"Good judgment comes from experience. Experience comes from bad judgment."
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Lock5
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| posted on 11-6-2009 at 07:24 AM |
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Maybe Kentuckians realize spending is out of control and are wanting to see what the state is going to give the citizens in return for all this cash.
"Some people spend an entire lifetime wondering if they made a difference. The Marines don't have that problem."
PRESIDENT RONALD REAGAN, 1985
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djcardinal
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| posted on 11-6-2009 at 08:56 AM |
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| Quote: | Originally posted by Spoonbill
Maybe, Kentucky is full of Wind Nuts that want to control social behavior of those of that are sinful and want to drink and gamble.
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Hicup . . . . I second that eNotion . . . . Hicup!!!!! Who's got the over under????
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CountryBP
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| posted on 11-6-2009 at 10:05 AM |
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| Quote: | Originally posted by ProVle
All of this is well and good - BUT... If the industry can't make it on its own - WHY?
Other states are doing it better? Why? Are we not doing as well as we should?? Shouldn't we compete on the merits?
The reason is simple the other states allow gaming which gives them more money to pay the breeder's bigger purses. We in Ky. are losing one of our
signature industry's to ignorance. |
It further just shows that the industry appears to not be viable on
its own.
Friendliest Little Store By a Dam Site!
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Hadtohavit
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 posted on 11-6-2009 at 10:11 AM |
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And the Light Goes ON
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All of this is well and good - BUT... If the industry can't make it on its own - WHY?
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YES YES YES YES YES
Government Subsidies ... Corporate Fat Cat Welfare.... need to go.
And if folks want to Gamble... let 'em Gamble.
If the owners put up the money to build... and nobody comes... so be it. I have never seen a Casino where people were being led in at gun point...
forced to gamble.
Heck.. Wheeling pays for my 87 year old mothers bus ticket to come down once a month... with 40 other ole ladies... they have lunch and play bingo
on the bus... then play the nickle slots till their arms give out... have dinner and a nice ride home.. Our Money From Ohio to W VA. Dumb
Hillbillies... I think not. 
How can the Government Promote Gambeling in the Lottery... yet do everything the can to keep Gambeling out of the State. Makes my head want to
explode. 
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Nervous_Wreck
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| posted on 11-6-2009 at 01:02 PM |
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On the casino issue...
We had an article in our local paper that 'Indiana' claimed they will lose $109 million dollars to Ohio casinos. That and people will gamble
regardless. (if they want to)
When life sneeks up on you....so does time!!
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Lock5
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| posted on 11-6-2009 at 01:28 PM |
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| Quote: | Originally posted by Nervous_Wreck
On the casino issue...
We had an article in our local paper that 'Indiana' claimed they will lose $109 million dollars to Ohio casinos. That and people will gamble
regardless. (if they want to) |
I'm sure Indiana will want to increase your taxes to help offset for this loss of revenue.
"Some people spend an entire lifetime wondering if they made a difference. The Marines don't have that problem."
PRESIDENT RONALD REAGAN, 1985
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SouthernBelle
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| posted on 11-6-2009 at 01:48 PM |
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I'm not sure how gambling is any different from any other purely entertainment activity that you can do that costs a lot... hmmmm... boating, anyone?
Lots of people would say it's absurd that we can go out and spend hundreds in fuel for our boats, just to lay on a raft with our friends. But it's
entertainment and we like it. And big, greedy, corporate oil companies benefit from that.
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Modockin
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| posted on 11-6-2009 at 01:54 PM |
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I think someone needs to change the name fo this thread from Casino talk to Horsey talk.
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