2012 campaign

A Guide to Mitt Romney's Tax Breaks

By and on July 30, 2012
Rafalca Photograph by Victor J. Blue/The New York Times via Redux

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Rafalca

This is no hobby horse. Ann and Mitt Romney classified their Olympic dressage contender, Rafalca, as a business in 2010 (the one income tax-year filing Romney has made public). Of its more than $77,000 in losses, though, the Romneys were only able to take a deduction of $50.

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