ATTN: Racing Fans - Help Keep the IRS Out of Your Winnings

Nobody likes to talk about taxes. I know, I know, I can see you hunting for the next article about American Pharoah to click to but wait! Hear me out! There's a super-annoying tax law that directly affects you, horse racing fans! And YOU are the KEY to getting it CHANGED! And it will give you MORE MONEY when you hit those big tickets at the track!!!

You all like more money, right?? Especially when it's from picking those sweet, sweet winning tickets (American Pharoah/Tale of Verve/Divining Rod Trifecta, amiright?).

So here's the deal - when you win a bet that pays out over $600 for a $1 bet, you have to sign tax paperwork for Uncle Sam - that's why these wins are called "signers". But it's not *every* bet that pays out over $600! If you bet $100 to win on a hopeless longshot that pays out $2,000 when he crosses the wire first - your winnings don't qualify for the tax. That's because the other part of this law, and what makes it annoying, is that the criteria for a signer also says the odds of winning must be over 300-1. And if the winnings are over $5,000, Uncle Sam gets to take 25 PERCENT!!

That means if you hit for $10,000 - you're only going home with $7,500. Uncle Sam didn't even have to do the handicapping to take your winnings!

And to make it even more annoying - winnings from slot machines and other casino games are not subject to this tax! 

So you could go to the casino, hit the Wheel of Fortune, and not have to fill out tax forms - while at the track your payoff only has to be $602!

Does this make any sense to you? No? Me neither.

What can you do to fix it? Well, you can COMPLAIN to people who are being PAID TO LISTEN!

For 30 years, horse players have been trying to get this unfair law changed. Congress hasn't been interested in fixing this because they're too busy blocking each other. But the Treasury department, who actually makes the IRS rules for signers, has agreed to listen! And now is your chance to be heard. All you have to do is go here and do the 2-step petition.

So far, about 2,500 racing fans have contacted the Treasury to register their complaints about this issue. We've only got 10 Days left to let Washington know we're serious about this. This is ONE issue ALL racing fans can get behind. It's totally uncontroversial - it doesn't involve the horses, medication rules, takeout, social media or race track management. 

If the Treasury makes this change, it will put more money in the pockets of winning racing fans - and that's good for the entire sport. If you love racing, COMPLAIN NOW - otherwise, forever hold your peace while the Treasury holds your money!

So - I hope I haven't glazed your eyes over too much - thanks for reading & COMPLAIN to the TREASURY NOW!