Romney's horse

October 8, 2012 

I have been listening to the news these past few days about Mitt Romney's remarks regarding the "47 percent who do not pay taxes." This brought to mind something I read in the Sept. 3 Time Magazine. Romney received a $77,000 tax credit for his wife's $500,000 horse. Yes, the zeros are right -- a half-million-dollar horse.

I do not understand a tax code that would justify such an exorbitant tax write-off for a horse. How can he possibly understand and work for the average wage-earner? Most of us will be lucky to have a $500,000 life-time of earnings, let alone a horse that would allow us such a tax-write-off. Think about that when you write your check to the IRS.


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