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Win a Kentucky Derby Bet? Don’t Forget Taxes

You may be flushed with excitement–and cash–from your Derby Day winnings. There was a 15-1 payoff on I’ll Have Another’s Kentucky Derby win. But if you won, before you spend it all, remember to save some for the tax man. Gambling winnings are fully taxable and must be reported on your tax return just like [...]
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Spanish Court Moving Forward With Messi Tax Evasion Case

Business & Finance / Taxes : Taxgirl (3 days ago)

Lionel Messi may have won over fans with his impressive performance in the World Cup but he has yet to win over the Spanish courts. Despite allegedly settling up his tax debts, Messi will be prosecuted on tax evasion charges. Read Post

Taxes on Kentucky Derby Winnings Could be up to 47.6 Percent

Business & Finance / Taxes : Tax Foundation's Tax Policy Blog (3 months ago)

My home state was on national display Saturday evening with the Kentucky Derby, with California Chrome notching a win, finishing the 10 furlong ( 1.25 miles) race in 2:03.66 (a bit on the slow end for recent years, though Super Save... Read Post

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