The tax season has come and after an accountant goes through the books he finds that Fred and Lamont will end up owing the government. The accountant explains the situation and Lamont decides to go out and gets a job at a clothing store, so more money is coming into the household. Fred fears this may be the end of Sanford & Son Salvage.

Fred makes a deal and buys a horse with a great racing history. Fred tries to get the animal to breed so that he can have a lot of money making champions hoofing and stomping around the place. However, there is just one problem Fred must overcome, the horse he bought is a gelding, which has Lamont saying "I told you so" to yet another one of Fred's moneymaking schemes.