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How a Trump Tax Break Rescued Horse Racing

The New York Times – Business:

Owners spent nearly $1.5 billion last year on racehorses, a big increase over 2024. A new tax provision allows them to immediately deduct the full cost of the purchase.

Joe Drape
Author: Joe Drape

This post first appeared in The New York Times – Business. Read the original article.

Written by

Joe Drape

in

Gambling, Horse Racing, Keeneland Race Course, Kentucky, National Thoroughbred Racing Assn, Taxation
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