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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (22568)	8/7/2012 2:04:20 PM
From: work4ever	2 Recommendations Read Replies (1) \| Respond to 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.

To: Steve Lokness who wrote (22568)	8/7/2012 2:06:04 PM
From: Bill	3 Recommendations Read Replies (1) \| Respond to of 85487

If you look at his return, you would know whether the 50 dollar deduction was a medical deduction or not. Go to the first section of Schedule A. Also, you said he released only one year of taxes. In actuality, he released two years, as required by law. He also filed a lengthy financial disclosure statement that details all of his holdings. For someone who is so interested in seeing more of Mitt Romney's tax returns, you sure don't seem to know much about the ones that have been released so far.