Ann Romney's tax deductions for her horse hobby is more than the average American makes annually

[Tx4obama]

The Romneys declared a loss of $77,000 on their 2010 tax returns for the share in the care and feeding of Rafalca, which Mrs. Romney owns with Mr. Ebeling’s wife, Amy, and a family friend, Beth Meyers.

The average wage earner in America makes about $46,326.00 a year, and THEIR hobby is often to look for a second, or even third job to help support their families.

-snip-

Full post here: http://theimmoralminority.blogspot.com/2012/06/ann-romneys-tax-deductions-for-her.html?spref=tw

[KamaAina]

1. "horse hobby"

Bear in mind that "horse" is a slang term for heroin.

Now go back and read that again.

[gregoire]

2. Why are we forced to pay for the rich's hobbies?

sigh

[enough]

3. What is this tax deduction for any form of hobby?

I'm serious, what is the tax rationale for this?

[dems_rightnow]

5. No deduction for hobby losses

They are classifying it as a "business loss" in the there is a presumed profit motive.

If the IRS examines it, I'd think it quit likely they'd be tossed out.

[C_U_L8R]

4. I got some hobbies I'd like to deduct

But because I'm not a billionaire like Rmoney, there's no way the IRS would let me get away with it