Dolly - they would be paying tax on any income from selling tips as it is a business. The first 10% goes to taxman as GST and, assuming they are running as a company, around 1/3 of the rest as income tax. So out of that $360000 about $140000 goes straight to taxman. That raises the question of why bother selling the tips if they are so good? Based on the figures quoted here of $1000 per race as a target you would assume that they should be able to generate $20,000 per week through betting on their own tips. That equates to $1,000,000 PER YEAR TAX FREE - now why bother with the hastle of customers, tax, etc when you can earn that much just using the tips yourself?

Testarossa - thanks for the reply - agree the price is way too much - if you can afford that then you probably don't need to buy the tips!

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