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Politics : Mainstream Politics and Economics
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To: Steve Lokness who wrote (22568)8/7/2012 2:04:20 PM
From: work4ever2 Recommendations  Read Replies (1) of 85487
 
Owning the horse is a hobby / business - it doesn't matter.

If it produces income, the Romneys will pay taxes on the income. Net income, after expenses. Just like anyone else with a hobby or business.

If you own real estate for pleasure / investment, are you not allowed to subtract your expenses for maintenance and upgrades before paying taxes on any potential profits?

Same with any other hobby / business.

For the Romneys, the horse has not yet produced any net income.
The only deduction from their taxes has been for $50.

Why do you persist in making posts that lie about some huge deduction?

Good lord boy start to think this through just a little

You are the one who has not thought this through, or more likely is being blinded by his ideology.

And the snotty comment just shows that you know you are losing this argument.
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