Problem As I See It: vol 39

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 co-owns with 2 other people.
On the other hand, a $77,000 tax deduction for a dressage horse may be politically troubling in a country where the 2010 median household income was $49,000.