The Political Carnival:
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.
But hey there's nothing wrong with being wealthy (And Mitt and Ann Romney have never been anything BUT wealthy), unless of course you are trying to convince voters that you understand what they are going through and empathize with their plight.
The problem with Romney is not only THIS perception of snobbishness
during a time when the 99% have found their voice, but also that it adds
to an already disgruntled feeling among Americans that Romney bought
and cheated his way into the GOP nomination.
And this point is being made dramatically clear by a lawsuit
filed by 160 Republican delegates, suing the Republican party for the
right NOT to have to cast their vote for Mitt Romney during the 2012
convention in Tampa, Florida.
Ow! That's gotta hurt!
Of course you know what the Romney's will say to this right?
"Let them eat cake."
Update: It looks like the Romney's horse is going to the Olympics:
Ann Romney’s dressage horse, Rafalca, and her trainer, Jan Ebeling, earned a place on the U.S. Olympic Equestrian team on Saturday, cementing the Romney family’s already deep ties to the Olympic games. The official announcement is expected to come Sunday by the U.S. Equestrian Federation.
I referred to Ann Romney's involvement in dressage as a "hobby" which I think is exactly what it appears to be. However if it is considered a business investment, perhaps that allows for the tax deduction.
I am not an expert on taxes by any means, but something about that simply does not sound right to me. And if the horses are now involved in the Olympics how does THAT effect their status as a business expense?
Do we have any tax experts who can explain this?