And $77K is not the standard deduction for a kid.

...I think that is now the annual tuition at Harvard. Thankfully, there are plenty of minimum wage work-study jobs in Boston or only rich people could go to Harvard...

My guess is that they incorporated the horse...

It is a "Dressage" horse. For a definition of "dressage" see below (the saddles alone run into the thousands of dollars):

Dressage (/ˈdrɛsɑːʒ/ or /drɨˈsɑːʒ/; a French term, most commonly translated to mean "training") is a competitive equestrian sport, defined by the International Equestrian Federation as "the highest expression of horse training."[1] Competitions are held at all levels from amateur to the World Equestrian Games. Its fundamental purpose is to develop, through standardized progressive training methods, a horse's natural athletic ability and willingness to perform, thereby maximizing its potential as a riding horse. At the peak of a dressage horse's gymnastic development, the horse will respond smoothly to a skilled rider's minimal aids. The rider will be relaxed and appear effort-free while the horse willingly performs the requested movement. Dressage is occasionally referred to as "Horse Ballet". Although the discipline has ancient roots in Europe, dressage was first recognized as an important equestrian pursuit during the Renaissance. The great European riding masters of that period developed a sequential training system that has changed little since then. Classical dressage is still considered the basis of modern dressage.
In modern dressage competition, successful training at the various levels is demonstrated through the performance of "tests", prescribed series of movements ridden within a standard arena. Judges evaluate each movement on the basis of an objective standard appropriate to the level of the test and assign each movement a score from zero to ten – zero being "not executed" and 10 being "excellent". A score of 9 is very good and is a high mark, while a competitor achieving all 6s (or 60% overall) should be considering moving on to the next level.

In other words, their horse is a ballet dancer. Seriously. But when you think about it, can the world really ever have too many horse ballet dancers? Sigh.

Don't forget, Ann Romney is only 1/3 owner in that horse. Guessing there are two other people with tax returns filed with same deduction on same horse.

And dancing horses are job creators, my friends!

Can I interest you in a really large tutu?

Heh. Thanks, attila...the topic was beginning to depress me. As to the tutu...why not? Apparently I can write it off my taxes...

I hear ya re depressing reality of this subject. But my twisted little mind will generally find some way to laugh. And it is laughter that spreads discussion of just about any issue.

Tutus for everyone!

The wealthy spend outrageous amounts of money on horses. Years ago 60 min. did a story on this.

How much did he deduct for his horse's tutus?

The gay pride parade is coming to town soon and I've never owned a tutu. I've been told by faux newz that it's required attire. I'll wear it with my assless chaps for that sophisticated look. Just make sure it's in shocking pink. I wouldn't want one the wouldn't be noticed in a sea of tutus. I'm confused however, do I wear it over the chaps and risk covering my butt, or wear it like a sports bra for the shock value to tutu wearing purists? Of course I could really rebel and wear it with a three piece buisness suit my mom bought back in '78 for job interviews. (It still fits) Oh, I almost forgot; Mittens loves kittens with grey poupon.

Well, there was some concern about the horse surviving the trip to London, strapped to the top of that 747 and all......

Yeah, I am there too, but outside is a BBQ, and street dance with country music and guys in big hats celebrating the romance of the cowboy and horse. Now, there's a relationship that needs to be looked into.

Maybe I could put Mozart on my sound system and drown out the tear in beer tunes.

there is a pill that can stop that

that is a bad way to treat Mozart

If you were in my living room or back yard, you would know it's OK to use Mozart that way.

I'm more the bottle in front of me as opposed to a frontal lobotomy type. Had to shoot a couple of turkeys last night if you know what I mean.....

good choice

jack is still my back up

Just keep reminding people: Romney plans to raise taxes on the working poor and middle class while cutting his own tax obligations more than bush did. And it was those bush tax cuts that run up such a huge deficit.

The GOP can either raise taxes on the rich, or stop whining about the deficit. They can't do both. Don't let them do both.