Election 2012

Can I Deduct the Cost of Dog Food and Rawhide Chewies?

Because the Romneys kinda did that with their horse.

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.

Yeah, I get it. It's a business expense. But holy hell. Around 84 percent of the nation earns less than $77,000 per year.