By Teresa Genaro

While U.S. taxpayers debate the merits (or lack thereof) of proposed tax reforms, there’s one part of the population that received long overdue and very welcome news about the amount of taxes they’ll now be paying.

Horseplayers rejoiced this week when, after decades of being subject to frustrating and outdated tax regulations, the National Thoroughbred Racing Association (NTRA) announced updated regulations that finally reflect the reality of 21st century betting on horse races…

Read the full article at Forbes.