New York City's Track

About That Aqueduct Photo Essay…

Yesterday The New York Times published a photo essay about Aqueduct, “Where Horses Race, but No One Wins.” It was the typical Aqueduct article: the weather is terrible, the customers are losers, the place is a dump. Among the scenes pictured in the photos: a man asleep in a chair, a littered betting carrel, losing…

Keeneland Tapit weanling $3 million

Thoroughbred Sales, 2014: Broken Records, Tax Incentives, & Aftercare Donations

Buyers of Thoroughbred racehorses in 2014 got an early Christmas present when H.R. 5771, the Tax Increase Prevention Act of 2014, became law earlier this month.  Retroactive through this past year, a provision of the law renews the three-year tax depreciation for racehorses, which allows taxpayers to depreciate racehorses 24 months of age and younger…