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romneys again

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  • #81
    Originally posted by stolen virtue View Post
    Bluey, I stand by my posts, the tax rules benefit the 1%. You're the one who sees others posts as catty. Defending Romney at every post shows that you feel he needs defending. Too funny !
    Again, misunderstanding.
    Where am I defending Romney?

    All I am saying is that it is a bit low to pick on some equestrian because of who her husband may be.
    I am not the one with the political chip on my shoulders.
    Why is that for some so hard to understand?

    Comment


    • #82
      Originally posted by Bluey View Post
      Again, misunderstanding.
      Where am I defending Romney?

      All I am saying is that it is a bit low to pick on some equestrian because of who her husband may be.
      I am not the one with the political chip on my shoulders.
      Why is that for some so hard to understand?
      Because you bring up the "catty" comment as it relates to Ann Romney. You also bring up Obama. Political Much ?

      Others, including myself bring up the 1% and the Romneys are part of that group-but so are others.

      Comment


      • #83
        Originally posted by stolen virtue View Post
        Because you bring up the "catty" comment as it relates to Ann Romney. You also bring up Obama. Political Much ?

        Others, including myself bring up the 1% and the Romneys are part of that group-but so are others.
        Again, no, not political on my end, but that is my point, some sure seem to have that reason in being critical of that lady.

        I never even knew anything about her until this was talked about on COTH.
        I don't care for the politics of it at all, but thought it a bit disingenuous to pick on someone, anyone, because of who the husband is.
        Especially a fellow equestrian.
        Don't anyone else has a sense of fairness, or is that forgotten when it comes to politics?

        Comment


        • #84
          Originally posted by stolen virtue View Post
          Well, gee I sure could be a lot more "passionate" about my horses if I didn't have to go to work every day ! Many days I don't get that "calm and joy" from a ride, oh to be rich and calm and joyfull....
          Well, much of the time "calm and joyful" has more to do with attitude than circumstances...there are happy and unhappy people in every walk of life and with and without all kinds of problems. Me, I'd be far more stressed and miserable being the wife of a Presidential candidate than going to work and working away quietly in my little cube every day .

          Comment


          • #85
            If not for wealthy people - the 1% - we would have:
            NO show jumping at the Olympics
            NO dressage at the Olympics
            NO Rolex
            Because SOMEBODY has to fund riders and horses to GET to the top, and that funding is impossible from the 99.
            So while you people whine away about the Romneys and their "wealth"....thank GOD there are wealthy people who choose to put money into horses, be it racing or showing, or we would not have this forum, magazine or be able to watch our sport on TV. I am so freaking sick of every discussion having to include politics.
            SPAY/NEUTER/RESCUE/ADOPT!
            Little Star Chihuahua Rescue
            The Barkalicious Bakery
            On Facebook!!!

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            • #86
              Originally posted by moonriverfarm View Post
              I am so freaking sick of every discussion having to include politics.
              Me too.

              Comment


              • #87
                We have fielded Olympic teams without the 1% by using the military and self-made horses in the past. I think the 1% has driven the prices up making horse sports unnecessarily expensive by buying overpriced horses to out compete each other as owners.

                Comment


                • #88
                  Originally posted by MrCharles View Post
                  We have fielded Olympic teams without the 1% by using the military and self-made horses in the past. I think the 1% has driven the prices up making horse sports unnecessarily expensive by buying overpriced horses to out compete each other as owners.
                  I don't think so, it is not at all that simple.

                  Ever seen the USET financial reports?
                  Ever try to show at any level?
                  Ever been around the highest levels?

                  The expenses have always been more than "the military" or "a talented cheap horse" can possibly cover.
                  All kinds of supporters donating and fundraisers is what helped field teams for decades, today also commercial sponsors.
                  The military today anyway is not that fond of contributing anyway.

                  Comment


                  • #89
                    Agreed, Bluey. Those of us who follow equestrian sports need to be thanking the 1%. Kinda hypocritical to bash the ones who promote this sport in so many ways.
                    SPAY/NEUTER/RESCUE/ADOPT!
                    Little Star Chihuahua Rescue
                    The Barkalicious Bakery
                    On Facebook!!!

                    Comment


                    • #90
                      All those shouting through their class envy bull horns might want to return to the real world for a moment and read this.
                      The inherent vice of Capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries.
                      Winston Churchill

                      Comment


                      • #91
                        Originally posted by Canaqua View Post
                        I'm not an accountant, but I can read a tax return, something the Slate reporter apparently cannot do. I'm no Romney fan and won't be voting for him, but I cannot STAND misleading or ignorant reporting .

                        The $77,000 loss was not for Ann Romney's personal horse activities and so was not reported on Schedule C, where the "hobby or not" argument comes in. It was reported on Schedule E and Form 8582/8582-CR and represents their investment in Rob-Rom Enterprises LLC, the corporation they setup with Ebeling's wife and others to invest in competition dressage horses. It's subject to passive activity loss limitations and, accordingly, though the Romney's INCURRED a $77,000 loss for their share of the corporations activities, most of it was not an allowable loss. You can only deduct losses from passive activity investments up to the extent of income from passive activities...only $49 of their loss was an allowed loss, so that $77,000 was NOT deducted in any way shape or form...just reported on the return, but it didn't affect their taxes due in the slightest.

                        This kind of stuff just pisses me off, report accurately and know what you are talking about or STFU, whether I'm a supporter of the target of the misleading reporting or not.
                        THIS!!! I am an accountant. The loss will be carried forward and used on any future profits from passive activity income. The sale of the horse may or may not trigger any gains in the future, depending on the book value of the horse at the time of sale and the amount they receive for it. The fact is, the Romney's may never be able to use the losses claimed from the business called Rob Ram. My guess is the business was set up more for legal purposes than tax purposes. But since the entity called Rob Ram was created, it needs to file annual tax returns. Many entities such as this are created to protect the owner's other assets and losses sit on the books for years never to be claimed on the owner's personal income tax returns. It is also apparent, that the entity is a partnership, a LLC or a sub-chapter S corporation. These types of entities do not pay taxes with their tax returns. The income/loss of the entity is passed down to the owner's of the business and are then claimed on their personal tax returns.

                        Comment


                        • #92
                          Originally posted by moonriverfarm View Post
                          If not for wealthy people - the 1% - we would have:
                          NO show jumping at the Olympics
                          NO dressage at the Olympics
                          NO Rolex
                          Because SOMEBODY has to fund riders and horses to GET to the top, and that funding is impossible from the 99.
                          So while you people whine away about the Romneys and their "wealth"....thank GOD there are wealthy people who choose to put money into horses, be it racing or showing, or we would not have this forum, magazine or be able to watch our sport on TV. I am so freaking sick of every discussion having to include politics.
                          Excellent Point!!!

                          I challenge any person from the 99 to say that they would turn down the Romney's money and everything that goes with it if it was offered to them with no strings attached.

                          Comment


                          • #93
                            Originally posted by Frank B View Post
                            All those shouting through their class envy bull horns might want to return to the real world for a moment and read this.
                            Right, because if you read it on FoxBusiness, it must be true.

                            And if Warren Buffett speaks out against the very tax system that benefits him, does that mean he envies himself? How curious.
                            Your future is created by what you do today, not tomorrow.

                            Comment


                            • #94
                              Originally posted by MLD View Post
                              Excellent Point!!!

                              I challenge any person from the 99 to say that they would turn down the Romney's money and everything that goes with it if it was offered to them with no strings attached.
                              Is there some middle ground between refusing free money and kissing the asses of the rich merely for spending their money as they see fit? Trust me, they aren't sinking millions into the purchase, training, care, and competing of top-level horses for the benefit of anyone on this forum. And there is nothing wrong with that at all, but neither do I feel any of us owes them some debt of gratitude for it, any more than the supermarket cashier should feel grateful to me for buying my milk there because it very indirectly provides her with a job.
                              Your future is created by what you do today, not tomorrow.

                              Comment


                              • #95
                                Originally posted by Windsor1 View Post
                                Is there some middle ground between refusing free money and kissing the asses of the rich merely for spending their money as they see fit? Trust me, they aren't sinking millions into the purchase, training, care, and competing of top-level horses for the benefit of anyone on this forum. And there is nothing wrong with that at all, but neither do I feel any of us owes them some debt of gratitude for it, any more than the supermarket cashier should feel grateful to me for buying my milk there because it very indirectly provides her with a job.
                                But does the cashier resents you if you are buying stuff she can't afford?
                                That is what the talk is here, resentment because of what she can buy.
                                Some use their emotions and energy in odd places, finding fault and getting upset at what others are or do.

                                Comment


                                • #96
                                  Originally posted by Bluey View Post
                                  But does the cashier resents you if you are buying stuff she can't afford?
                                  That is what the talk is here, resentment because of what she can buy.
                                  Some use their emotions and energy in odd places, finding fault and getting upset at what others are or do.
                                  I don't think there should be either resentment or gratitude. I was primarily addressing the comments of moonriverfarm and MLD above. If you want to assert that without the 1 percent there would be no Olympic show jumping, dressage, etc., well, you'd better be prepared to show the same gratitude to all the 99 percenters who also play a part in getting these horses to the Olympics (the vets, the stall cleaners, etc.) as well as making the Olympics happen, period. Spending their money on their hobby of choice is not something I'm prepared to feel grateful to anyone for, whether it's Ann Romney or Joe Nobody.
                                  Your future is created by what you do today, not tomorrow.

                                  Comment


                                  • #97
                                    It's not just the 1% who make the teams work. Like Bluey said, better than me "All kinds of supporters donating and fundraisers is what helped field teams for decades, today also commercial sponsors."

                                    Comment


                                    • #98
                                      Originally posted by moonriverfarm View Post
                                      If not for wealthy people - the 1% - we would have:
                                      NO show jumping at the Olympics
                                      NO dressage at the Olympics
                                      NO Rolex
                                      Because SOMEBODY has to fund riders and horses to GET to the top, and that funding is impossible from the 99.
                                      So while you people whine away about the Romneys and their "wealth"....thank GOD there are wealthy people who choose to put money into horses, be it racing or showing, or we would not have this forum, magazine or be able to watch our sport on TV. I am so freaking sick of every discussion having to include politics.
                                      ...and we wouldn't see horses dying on Rolex or other ****cross country courses, we wouldn't see unscrupulous trainers getting banned for giving their horses cocaine or giving their children's small ponies illegal drugs, we wouldn't see big lick walking horses being tortured, etc etc if the big money wasn't there motivating all of it. So in other words, nothing you mentioned disappearing is a bad thing to horses or the vast majority of their riders in the slightest.

                                      Comment


                                      • #99
                                        Originally posted by bauhaus View Post
                                        ...and we wouldn't see horses dying on Rolex or other ****cross country courses, we wouldn't see unscrupulous trainers getting banned for giving their horses cocaine or giving their children's small ponies illegal drugs, we wouldn't see big lick walking horses being tortured, etc etc if the big money wasn't there motivating all of it. So in other words, nothing you mentioned disappearing is a bad thing to horses or the vast majority of their riders in the slightest.
                                        Following that same awesome logic, we should close all schools and churches, so there won't be any kids molested by teachers and priests.

                                        As one HSUS follower once posted, the world would be better without humans, so no animals would be abused.
                                        Right, same logic.

                                        Comment


                                        • Originally posted by Bluey View Post
                                          Following that same awesome logic, we should close all schools and churches, so there won't be any kids molested by teachers and priests.

                                          As one HSUS follower once posted, the world would be better without humans, so no animals would be abused.
                                          Right, same logic.
                                          And following your the logic you used above, we should only allow the wealthy to ride and own horses because they are the only ones who can afford to do anything and everything to care for them.

                                          Explain why the world is better off with Big Lick walking horses - a thing which literally would not exist if not for a relatively small number of wealthy people who like winning the Celebration. You can extrapolate that to the various sports (as I mentioned) which have gone quite a bit sideways due to the enormous pressures put on them by the enormous amounts of money involved.

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