Judge dismisses states' challenge to SALT deduction limit
Deducting ordinary and necessary business expenses

Tax scores upset win, this time in horse race, not Congress

SaratogaRaceTrack1907_Wikipedia Commons
Historic Saratoga Race Track main stands as depicted on a 1907 postcard. (Scanned by Dave Parker; available via Wikipedia Commons)

Remember Tax, the horse that ran in this year's Kentucky Derby? The 3-year old gelding didn't fare so well at Churchill Downs, coming in 14th.

He did better in another Triple Crown race, coming in 4th in the Belmont Stakes.

On Saturday, July 27, Tax finally notched another win.

He took the Jim Dandy in Saratoga Springs, New York. It was Tax's second career win.

The purse for the 1-and-1/8 mile race was $600,000. Bettors who picked Tax to win pocketed $11.

Horse racing, like this post, is full of numbers. However, the one that I'm picking as this weekend's By the Numbers winner is 1 in honor of Tax crossing the line in that position yesterday.

Match-up again in a month: Tax held off Tacitus, which came in second in the Belmont Stakes and third in the Kentucky Derby.

The pair is expected to face off again in about a month at the highlight of the Saratoga season, the Travers Stakes on Aug. 24.

In case you're heading up to lovely Upstate New York for that race where Carly Simon and I are sure your horse, naturally, will win, bookmark my earlier post on how to report taxable gambling winnings.


Carly Simon video via YouTube

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Comments

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Laura

Hope, it will continue again.

Lmaris

Tacitus fell to his knees coming out of the gate, spotting the field half-dozen lengths and came within 1/2 length of catching Tax. These two will meet up again before the Breeders Cup in November.

Tax will be around for a while, since he's a gelding, and his owners will be paying a lot of tax for the next few years as he will be winning big purses.

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