1. Although the expense for the horse was $77k for the year, it is never mentioned that the actual tax savings was $50.00 (fifty-dollars) since a hobby investment deduction cannot exceed actual income earned on such investments in any year. I

    • This fact makes him more out of touch with common folks. This guy,and his ilk, want to cut programs that benefit hungry human beings, but it’s ok to spend damn near six figures on a fucking horse? On top of that he gets a write off that he really doesn’t need. Entitled success is a mess when it tries to dress itself up as anything but EXCESS!!!! Who in their right mind wants to listen to some rich asshole talk about cutting programs that he can’t even relate too? Romney&Ryan have a huge uphill battle in terms of making regular folks believe their bullshit.

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