Riders not paying?!

piscokid wrote:

From Ohio, were is this track you speak of?

husky125 wrote:

I believe it's Lightning in Tippecanoe, Ohio

mxb2 wrote:

Correct.

husky125 wrote:

I believe it's Lightning in Tippecanoe, Ohio

mxb2 wrote:

Correct.

WDSRCR wrote:

Lightning Weppler is a great guy and does a good job promoting events over there on his property. I have not been on the MX track...

Lightning Weppler is a great guy and does a good job promoting events over there on his property. I have not been on the MX track but have done a MotoTrials event there with Trials Inc. and he was awesome.

zippytech wrote:

We have a local track the guy basically has a box, that you print and sign a sheet and put 10 bucks in to ride day...

We have a local track the guy basically has a box, that you print and sign a sheet and put 10 bucks in to ride day light to dark and offers free camping.

And believe it or not I hear guys says they get there gas money from the box.. unbelievable.

piscokid wrote:

From Ohio, were is this track you speak of?

husky125 wrote:

I believe it's Lightning in Tippecanoe, Ohio

Forty wrote:

We had a high profile pro arrive at a local track here and he refused to pay because he felt he was above it. Track owner...

We had a high profile pro arrive at a local track here and he refused to pay because he felt he was above it. Track owner sent him packing. He came back about an hour later with his $20.00.

It’s $20! Pay the damn $20 like the rest of us goons and ride.

CivBars wrote:

We pay $40 around here!

Forty wrote:

This was a while back. It’s $35.00 now. Not really the point but even $40 is fair.

CivBars wrote:

We pay $40 around here!

Forty wrote:

This was a while back. It’s $35.00 now. Not really the point but even $40 is fair.

alex69 wrote:

Is this the entry fee for the hole day?

Hoks wrote:

A business related expense that can be a tax write off is not free or a discount. Say you make $30,000 in taxable income in the...

A business related expense that can be a tax write off is not free or a discount.

Say you make $30,000 in taxable income in the year. You pay a % if taxes based off that income. So for examples sake if you pay 10% in taxes you owe $3,000 in taxes.

But if you have $5,000 in business expenses that can be deducted on your taxes your taxable i come is now $25,000, so you would owe $2,500 in taxes.

And there’s hundreds of other rules that could change this scenario. Which is why professional athletes probably hire their taxes done, while the average joe takes the standard deductions.

mx617 wrote:

Your math is good, that's why it's a discount. You're paying with pre-tax dollars instead of after tax. Another way to look at it would be...

Your math is good, that's why it's a discount. You're paying with pre-tax dollars instead of after tax. Another way to look at it would be your $5000 in business expenses actually only cost $4500 after the tax reduction.

Hoks wrote:

Ok, you could say it’s a discount I suppose. But in the reference of “it’s a 30% discount” is not an accurate statement either. I don’t...

Ok, you could say it’s a discount I suppose. But in the reference of “it’s a 30% discount” is not an accurate statement either. I don’t know what the new standard deduction is with the new tax laws, but with the old one they’d have to have over $12,500 in business expenses before it kicks in and becomes a benefit. With the new tax laws I wanna say it’s over $25,000 (tax bracket depending etc.)

My point is it’s just not a discount. When tax time rolls around you can add it to your deductions and maybe get your taxes lowered... but to say it’s a “30% discount or free” is just not correct.

But hey whatever, i don’t care about other people’s taxes just trying to shed some light if you didn’t know.

zippytech wrote:

We have a local track the guy basically has a box, that you print and sign a sheet and put 10 bucks in to ride day...

We have a local track the guy basically has a box, that you print and sign a sheet and put 10 bucks in to ride day light to dark and offers free camping.

And believe it or not I hear guys says they get there gas money from the box.. unbelievable.

piscokid wrote:

From Ohio, were is this track you speak of?

mx617 wrote:

Your math is good, that's why it's a discount. You're paying with pre-tax dollars instead of after tax. Another way to look at it would be...

Your math is good, that's why it's a discount. You're paying with pre-tax dollars instead of after tax. Another way to look at it would be your $5000 in business expenses actually only cost $4500 after the tax reduction.

Hoks wrote:

Ok, you could say it’s a discount I suppose. But in the reference of “it’s a 30% discount” is not an accurate statement either. I don’t...

Ok, you could say it’s a discount I suppose. But in the reference of “it’s a 30% discount” is not an accurate statement either. I don’t know what the new standard deduction is with the new tax laws, but with the old one they’d have to have over $12,500 in business expenses before it kicks in and becomes a benefit. With the new tax laws I wanna say it’s over $25,000 (tax bracket depending etc.)

My point is it’s just not a discount. When tax time rolls around you can add it to your deductions and maybe get your taxes lowered... but to say it’s a “30% discount or free” is just not correct.

But hey whatever, i don’t care about other people’s taxes just trying to shed some light if you didn’t know.

SPYGUY wrote:

You’re mixed up. Standard deduction vs itemization is for personal income taxes and has nothing to do with business expenses.

zippytech wrote:

We have a local track the guy basically has a box, that you print and sign a sheet and put 10 bucks in to ride day...

We have a local track the guy basically has a box, that you print and sign a sheet and put 10 bucks in to ride day light to dark and offers free camping.

And believe it or not I hear guys says they get there gas money from the box.. unbelievable.

piscokid wrote:

From Ohio, were is this track you speak of?

bierbower105 wrote:

Lightning - Save your $10 - Go to Beans Bike Park not far from there - Beans was Brock Sellards practice track $20 10-4 best track...

Lightning - Save your $10 - Go to Beans Bike Park not far from there - Beans was Brock Sellards practice track $20 10-4 best track in the state I'd say. Everywhere else is $25 for the most part .


$40 is insane. Unless it's Red Bud then I'd pretty much pay my first born if I had to.......

zippytech wrote:

We have a local track the guy basically has a box, that you print and sign a sheet and put 10 bucks in to ride day...

We have a local track the guy basically has a box, that you print and sign a sheet and put 10 bucks in to ride day light to dark and offers free camping.

And believe it or not I hear guys says they get there gas money from the box.. unbelievable.

piscokid wrote:

From Ohio, were is this track you speak of?

bierbower105 wrote:

Lightning - Save your $10 - Go to Beans Bike Park not far from there - Beans was Brock Sellards practice track $20 10-4 best track...

Lightning - Save your $10 - Go to Beans Bike Park not far from there - Beans was Brock Sellards practice track $20 10-4 best track in the state I'd say. Everywhere else is $25 for the most part .


$40 is insane. Unless it's Red Bud then I'd pretty much pay my first born if I had to.......

piscokid wrote:

From Ohio, were is this track you speak of?

bierbower105 wrote:

Lightning - Save your $10 - Go to Beans Bike Park not far from there - Beans was Brock Sellards practice track $20 10-4 best track...

Lightning - Save your $10 - Go to Beans Bike Park not far from there - Beans was Brock Sellards practice track $20 10-4 best track in the state I'd say. Everywhere else is $25 for the most part .


$40 is insane. Unless it's Red Bud then I'd pretty much pay my first born if I had to.......

Graybeard wrote:

Where is this from Columbus area, and how long will the tracks be open before winter shuts them down?

piscokid wrote:

From Ohio, were is this track you speak of?

bierbower105 wrote:

Lightning - Save your $10 - Go to Beans Bike Park not far from there - Beans was Brock Sellards practice track $20 10-4 best track...

Lightning - Save your $10 - Go to Beans Bike Park not far from there - Beans was Brock Sellards practice track $20 10-4 best track in the state I'd say. Everywhere else is $25 for the most part .


$40 is insane. Unless it's Red Bud then I'd pretty much pay my first born if I had to.......

Graybeard wrote:

Where is this from Columbus area, and how long will the tracks be open before winter shuts them down?

Hoks wrote:

A business related expense that can be a tax write off is not free or a discount. Say you make $30,000 in taxable income in the...

A business related expense that can be a tax write off is not free or a discount.

Say you make $30,000 in taxable income in the year. You pay a % if taxes based off that income. So for examples sake if you pay 10% in taxes you owe $3,000 in taxes.

But if you have $5,000 in business expenses that can be deducted on your taxes your taxable i come is now $25,000, so you would owe $2,500 in taxes.

And there’s hundreds of other rules that could change this scenario. Which is why professional athletes probably hire their taxes done, while the average joe takes the standard deductions.

Thisusernameisavailable wrote:

If I was a Factory rider, Id pay twice and tell the man at the gate "The next kid to come and sign-on, please give him...

If I was a Factory rider, Id pay twice and tell the man at the gate "The next kid to come and sign-on, please give him a free pass."

MX76er wrote:

Agreed. The entire sport of motocross is advertised by product endorsement via pro riders. IMO track owner did the wrong thing from a business stance over...

Agreed. The entire sport of motocross is advertised by product endorsement via pro riders. IMO track owner did the wrong thing from a business stance over the long haul. Am I more inclined to ride at Milestone cuz track owner got his money or because pro riders endorse his track and work?

moscrop940 wrote:

Having a factory rider show up to a track in the middle of nowhere very well may drive up entries to said track on that particular...

Having a factory rider show up to a track in the middle of nowhere very well may drive up entries to said track on that particular day, but not in SoCal. Especially not at a SoCal track that has a track SPECIFICALLY MADE FOR PROS.

No one is above paying for a service, unless the person providing said service decides to comp it...

I am truly surprised one person, let alone multiple people, in here has the opinion that the track owner should have comped whomever this rider was.

Having grown up in Southern California, never once has any single rider dictated where I was going to ride that day, and I’d be willing to bet $100 bucks that 95% of others in the area feel the same....for some of you to speak with the owners wallet and say you’d let this guy ride for free is nothing short of nearsighted and disingenuous.

Hoks wrote:

A business related expense that can be a tax write off is not free or a discount. Say you make $30,000 in taxable income in the...

A business related expense that can be a tax write off is not free or a discount.

Say you make $30,000 in taxable income in the year. You pay a % if taxes based off that income. So for examples sake if you pay 10% in taxes you owe $3,000 in taxes.

But if you have $5,000 in business expenses that can be deducted on your taxes your taxable i come is now $25,000, so you would owe $2,500 in taxes.

And there’s hundreds of other rules that could change this scenario. Which is why professional athletes probably hire their taxes done, while the average joe takes the standard deductions.

rohleder644 wrote:

you go to Home Depot and buy a $100 drill. You had to earn $130, pay your ~30% in taxes to be able to hand over...

you go to Home Depot and buy a $100 drill. You had to earn $130, pay your ~30% in taxes to be able to hand over $100 to Home Depot. I go to Home Depot and buy a $100 drill. My business had to earn $100 so i can hand over $100 and get my drill, and then document and deduct that purchase. Bada bing bada boom.

Bnagazina wrote:

Bad example. 30% of 130= $39.00 leaving a net of $91.00. Not enough to buy the drill. More direct look would be pro rider goes to...

Bad example. 30% of 130= $39.00 leaving a net of $91.00. Not enough to buy the drill. More direct look would be pro rider goes to track and pays $50 gate fee. At end of year the rider expenses the gate fee on his taxes, which decreases his net income by $50 and in turn, decreases the taxes he owes to Uncle Sam by $50 x whatever marginal tax rate his income falls in. If marginal tax rate is 30%, taxes saved by the expense is$15. Therefore, from a cash flow perspective the rider pays $50 (outflow) in gate fee, but saves $15 on taxes (inflow), for a net cash outflow of $35.00

You are getting very sleepy.

From one of Vitals CPA’s

Bnagazina wrote:

Bad example. 30% of 130= $39.00 leaving a net of $91.00. Not enough to buy the drill. More direct look would be pro rider goes to...

Bad example. 30% of 130= $39.00 leaving a net of $91.00. Not enough to buy the drill. More direct look would be pro rider goes to track and pays $50 gate fee. At end of year the rider expenses the gate fee on his taxes, which decreases his net income by $50 and in turn, decreases the taxes he owes to Uncle Sam by $50 x whatever marginal tax rate his income falls in. If marginal tax rate is 30%, taxes saved by the expense is$15. Therefore, from a cash flow perspective the rider pays $50 (outflow) in gate fee, but saves $15 on taxes (inflow), for a net cash outflow of $35.00

You are getting very sleepy.

From one of Vitals CPA’s

Hoks wrote:

A business related expense that can be a tax write off is not free or a discount. Say you make $30,000 in taxable income in the...

A business related expense that can be a tax write off is not free or a discount.

Say you make $30,000 in taxable income in the year. You pay a % if taxes based off that income. So for examples sake if you pay 10% in taxes you owe $3,000 in taxes.

But if you have $5,000 in business expenses that can be deducted on your taxes your taxable i come is now $25,000, so you would owe $2,500 in taxes.

And there’s hundreds of other rules that could change this scenario. Which is why professional athletes probably hire their taxes done, while the average joe takes the standard deductions.

rohleder644 wrote:

you go to Home Depot and buy a $100 drill. You had to earn $130, pay your ~30% in taxes to be able to hand over...

you go to Home Depot and buy a $100 drill. You had to earn $130, pay your ~30% in taxes to be able to hand over $100 to Home Depot. I go to Home Depot and buy a $100 drill. My business had to earn $100 so i can hand over $100 and get my drill, and then document and deduct that purchase. Bada bing bada boom.

Bnagazina wrote:

Bad example. 30% of 130= $39.00 leaving a net of $91.00. Not enough to buy the drill. More direct look would be pro rider goes to...

Bad example. 30% of 130= $39.00 leaving a net of $91.00. Not enough to buy the drill. More direct look would be pro rider goes to track and pays $50 gate fee. At end of year the rider expenses the gate fee on his taxes, which decreases his net income by $50 and in turn, decreases the taxes he owes to Uncle Sam by $50 x whatever marginal tax rate his income falls in. If marginal tax rate is 30%, taxes saved by the expense is$15. Therefore, from a cash flow perspective the rider pays $50 (outflow) in gate fee, but saves $15 on taxes (inflow), for a net cash outflow of $35.00

You are getting very sleepy.

From one of Vitals CPA’s

bierbower105 wrote:

Lightning - Save your $10 - Go to Beans Bike Park not far from there - Beans was Brock Sellards practice track $20 10-4 best track...

Lightning - Save your $10 - Go to Beans Bike Park not far from there - Beans was Brock Sellards practice track $20 10-4 best track in the state I'd say. Everywhere else is $25 for the most part .


$40 is insane. Unless it's Red Bud then I'd pretty much pay my first born if I had to.......