Whew! I was so worried... thought for sure this could be the straw that breaks the fragile financial back of the NASCAR cabal.
Luckily, it looks like we're in for a full season of NASCAR spills and thrills!
The NASCAR loophole essentially treats a NASCAR track like a roller coaster for the purposes of asset depreciation. That's right; a NASCAR tri-oval built fifty years ago depreciates at the same rate as Kingda Ka or El Toro for tax purposes.
And a good thing too. If the NASCAR owners weren't allowed this tax break they might have to neglect track maintenance.
That could result in accidents. Big accidents. Dangerous accidents.
And you know how NASCAR fans would hate that!
No comments:
Post a Comment