Sunday, January 01, 2006

Horse Manure

Recently I met a man from out west who shows Arabian horses for very wealthy clients. (Think Westminster Dog Shows with hooves, held at Scottsdale and other upscale locales around the world.) The horses are typically flown to the venues, and ensuring their safety is an important part of his job. His stable also raises, trains, buys and sells the horses for his clients.

All of his clients, he said, engage in the business as a tax write-off.

For some idea of how the dodge works, you can read here.

The International Arabian Horse Association, you may remember, was the prior employer of FEMA director Mike Brown.

So nice to know about yet another way reducing taxes on the rich is creating jobs.


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