Tax Deductions and Business Expenses; Caviar and Spam

Apparently I was wrong, a few posts ago, when I wrote that Mitt Romney took a $77,000 tax deduction for Rafalca. It turns out it was a business expense. Writer Margaret Carlson also points out that for ordinary Americans, the whole therapeutic horse narrative is a bit of a stretch, saying that dressage is to therapeutic horseback riding as caviar is to spam.