yeah I love to do that kind of stuff but hate paying for the tires.  when I was a teenager I destroyed the spider gears of several pickup truck rear ends doing burnouts.  but there was 0ne key factory this were my DAD's vehicles.  I was never that stupid with my own stuff.  yeah I would mess around a little bit but nothing I thought would hurt the car.  because I couldn't really afford to fix it, and didn't feel like walking.  I drove a 74 corvette at the time that I worked and saved for when I was 15.  I was fixing the car enough as it was.  
I had an 07 mustang gt for a while.  I did some rubber burning with it too, but nothing so severe as to destroy the tires.