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How much of your pet's expenses should we taxpayers pay for?

RobDownSouth

RobDownSouth

Oh Look....
Joined
Apr 13, 2002
Posts
75,202
The Romneys, who have a net worth in the millions, stuck 35% of the cost of food, shelter and medical care for their dancing horse Rafalca on the United States taxpayer last year. The grand total to the taxpayers will be $26,950.

America. Fuck yeah.


Edited to add: Passive losses limit total tax write-offs to the taxpayers top marginal tax rate, in this case 35% of $77,000. Unlike say, Zipman, I'm not adverse to correcting my errors and admitting I was mistaken. The total expense to the taxpayer will be $26,950.
 
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It's not a pet. It's an investment. If J'Lo can write off her ass and Stacy Keibler her legs surely this isn't too much!
 
Wait till slob finds out he is also paying for cows, pigs and everything else raised by farmers. I bet he blows a staple.
 
There's ways Rafalca can pay back his financial debt to the American taxpayer while he's still healthy.

food-network-horse-meat.png


horse%20meat.jpg
 
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koalabear said:
Wait till slob finds out he is also paying for cows, pigs and everything else raised by farmers. I bet he blows a staple.
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Wait untill Koala finds out dancing horses dont qualify for farm subsidies, I bet he slinks off like a coward
 
RobDownSouth said:
The Romneys, who have a net worth in the millions, stuck the entire cost of food, shelter and medical care for their dancing horse Rafalca on the United States taxpayer last year. The grand total came to $77,000.

America. Fuck yeah.
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Ah, RDS, tell us more....I love these stories............:rolleyes:
 
According to HuffPo, Businessweek and Forbes (they came up in a Google) the 77K is erroneously reported. They lost 77K on the business but could only take a $50 deduction.
So yeah.
 
http://www.forbes.com/sites/janetno...the-taxes-on-the-romneys-olympic-horse-wrong/

After the Times called attention to the loss, The Daily Kos, a left wing blog, proclaimed (erroneously), “Romney Took $77,000 Tax Deduction For His Dancing Horse” . Current, the news site started by Al Gore, got it even more wrong, asserting that the Romneys had received a “$77,000 tax credit” (that is, a full $77,000 off their tax bill) for Rafalca—and comparing it to the $1,000 per child credit regular families get.

Slate economics correspondent Matthew Yglesias first jumped on Romney’s “$77,000 deduction” and then wrote in a clarification that Romney only got to deduct $50 of those losses in 2010:

[T]he tax code lets you carry disallowed hobby losses forward to offset hobby income in future years. Now that the Romneys’ horse is an Olympian, his owners could presumably be paid quite handsomely for his services at the stud farm. Consequently, Mitt and Ann may soon have some income that they actually can use that nearly $78,000 loss to offset–i.e., finally getting the tax deduction that they’re taking the heat for today.

Problem is, the clarification flubbed the reason the Romneys couldn’t use the loss in 2010, missed the real reason they likely will get to claim it later, and got Rafalca’s sex wrong. She’s a mare. While I know more about taxes than horses, that would seem to limit her stud potential.
 
KRCummings said:
According to HuffPo, Businessweek and Forbes (they came up in a Google) the 77K is erroneously reported. They lost 77K on the business but could only take a $50 deduction.
So yeah.
Click to expand...

KRCummings said:
http://www.forbes.com/sites/janetno...the-taxes-on-the-romneys-olympic-horse-wrong/

After the Times called attention to the loss, The Daily Kos, a left wing blog, proclaimed (erroneously), “Romney Took $77,000 Tax Deduction For His Dancing Horse” . Current, the news site started by Al Gore, got it even more wrong, asserting that the Romneys had received a “$77,000 tax credit” (that is, a full $77,000 off their tax bill) for Rafalca—and comparing it to the $1,000 per child credit regular families get.

Slate economics correspondent Matthew Yglesias first jumped on Romney’s “$77,000 deduction” and then wrote in a clarification that Romney only got to deduct $50 of those losses in 2010:

[T]he tax code lets you carry disallowed hobby losses forward to offset hobby income in future years. Now that the Romneys’ horse is an Olympian, his owners could presumably be paid quite handsomely for his services at the stud farm. Consequently, Mitt and Ann may soon have some income that they actually can use that nearly $78,000 loss to offset–i.e., finally getting the tax deduction that they’re taking the heat for today.

Problem is, the clarification flubbed the reason the Romneys couldn’t use the loss in 2010, missed the real reason they likely will get to claim it later, and got Rafalca’s sex wrong. She’s a mare. While I know more about taxes than horses, that would seem to limit her stud potential.
Click to expand...

KRCummings said:
http://images.businessweek.com/slideshows/2012-07-30/a-guide-to-mitt-romneys-tax-breaks

This is no hobby horse. Ann and Mitt Romney classified their Olympic dressage contender, Rafalca, as a business in 2010 (the one income tax-year filing Romney has made public). Of its more than $77,000 in losses, though, the Romneys were only able to take a deduction of $50.
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And a hushed silence falls over the GB, for the first time in its thirteen year history.
 
He should log in to his derp account and derp himself for this. Can Someone tell me if the Pedo backed him? Cause that is the only thing that could make this thread funnier.
 
Cats think they're so badass.

Let's see how they do without medical care.

Fucking bitches.
 
KRCummings said:
According to HuffPo, Businessweek and Forbes (they came up in a Google) the 77K is erroneously reported. They lost 77K on the business but could only take a $50 deduction.
So yeah.
Click to expand...

KRCummings said:
http://www.forbes.com/sites/janetno...the-taxes-on-the-romneys-olympic-horse-wrong/

After the Times called attention to the loss, The Daily Kos, a left wing blog, proclaimed (erroneously), “Romney Took $77,000 Tax Deduction For His Dancing Horse” . Current, the news site started by Al Gore, got it even more wrong, asserting that the Romneys had received a “$77,000 tax credit” (that is, a full $77,000 off their tax bill) for Rafalca—and comparing it to the $1,000 per child credit regular families get.

Slate economics correspondent Matthew Yglesias first jumped on Romney’s “$77,000 deduction” and then wrote in a clarification that Romney only got to deduct $50 of those losses in 2010:

[T]he tax code lets you carry disallowed hobby losses forward to offset hobby income in future years. Now that the Romneys’ horse is an Olympian, his owners could presumably be paid quite handsomely for his services at the stud farm. Consequently, Mitt and Ann may soon have some income that they actually can use that nearly $78,000 loss to offset–i.e., finally getting the tax deduction that they’re taking the heat for today.

Problem is, the clarification flubbed the reason the Romneys couldn’t use the loss in 2010, missed the real reason they likely will get to claim it later, and got Rafalca’s sex wrong. She’s a mare. While I know more about taxes than horses, that would seem to limit her stud potential.
Click to expand...

KRCummings said:
http://images.businessweek.com/slideshows/2012-07-30/a-guide-to-mitt-romneys-tax-breaks

This is no hobby horse. Ann and Mitt Romney classified their Olympic dressage contender, Rafalca, as a business in 2010 (the one income tax-year filing Romney has made public). Of its more than $77,000 in losses, though, the Romneys were only able to take a deduction of $50.
Click to expand...

I'm sure Rob will be along any minute to admit he was factually wrong. He may still be a complete coward when he draws the wrong conclusions, but when it comes to getting facts wrong, he admits it.

Right Rob?

Rob?

Rob?

Bueller?

Anyone?
 
Slob is off trying to buy some personal responsibility with food stamps.
 
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