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You know who loves the Kentucky Derby? The Internal Dadgum Revenue Service.
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You know who loves the Kentucky Derby? The Internal Dadgum Revenue Service.


May 1, 2021, 6:21 PM

$3M purse means an immediate tax assessment on the winnings of at least $1M for Uncle Sam...

Proud day for the USA I guess...

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GO TIGERS


Re: You know who loves the Kentucky Derby? The Internal Dadgum Revenue Service.


May 1, 2021, 6:28 PM

Wait, it's Biden. Probably $2 Million unless it's one of his followers.

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Yeah, JB ain’t a friend of achievers.


May 1, 2021, 6:34 PM

If you plan on investing the after-tax dollars, then yes - you’re gonna pay dearly for those winnings eventually...

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Unc has got to get the money from SOMEWHERE to buy


May 2, 2021, 7:57 AM

those $90 toilet seats!

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Re: You know who loves the Kentucky Derby? The Internal Dadgum Revenue Service.


May 2, 2021, 11:23 AM

It's a lot more complicated than Uncle Sam walking in a grabbing his share of the winnings. With good tax lawyers, I am guessing the expenses to win that 3 million may even exceed 3 million.

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