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The Bus 10-14-09 05:05 PM

HAPPY now, kvrdave? Your horse could be a tax deduction
 
A Four-Figure Tax Break For A Four-Legged Friend?

<img src="http://fabulousblueporcupine.files.wordpress.com/2008/05/puppy1.jpg">

October 14, 2009

Republican Rep. Thaddeus McCotter of Michigan has thrown pet owners a bone by sponsoring a bill that would allow them to deduct animal care expenses from their taxes.

The bill, Humanity and Pets Partnered Through the Years, or "HAPPY Act," would allow taxpayers to deduct up to $3,500 a year. McCotter declined to speak to NPR, saying he is focused on more pressing legislation, but he did explain his motivation for the tax break on DoggyTV, a YouTube channel.

"Well, we've had reports of people having to turn in pets because of the economic recession," he said. "And when you think about the relationship between people and pets and the humane way that it helps people think, it seemed to me to be a good idea, and we dropped it in" to the congressional hopper.

To be sure, there are thousands of bills introduced every year, and most of them go nowhere. Then again, this bill has a pretty large target constituency: More than half of Americans own pets, by many estimations. That means there could be a lot of support for McCotter's proposal.

Republican Rep. Thaddeus McCotter of Michigan is the primary sponsor of a bill in the House that would allow pet owners to deduct animal care expenses from their taxes. He calls it the HAPPY Act.
"Are you kidding?" said Beth Selby, a visitor to the National Mall from Georgia, when asked about the proposed tax break. "Pets are an option. You know, when you take on a pet, you take on their care."

Tom James from Pennsylvania was uncertain. "I'm sort of on the fence with this one." But Pablo Otera, also from Pennsylvania, said, "Hell, yeah." He said he recently spent $4,000 on his dog, Petey.

"He fell off my truck, needed surgery, needed therapy, needed a whole bunch of stuff," Otera said. "That's $4,000 I could have deducted from my taxes ... and food, too!"

You could almost see the adding machine in Otera's head. And that's part of the point, McCotter told DoggyTV: Anything that puts cash back in Americans' hands during the economic crisis is a good thing. If the bill gathers enough support, he says, it could actually go somewhere.

"Obviously, health care is on the front burner," McCotter said. "But when the time comes, if people are letting their members know they like it, they'd like to see them get behind it, I think that will be helpful in this instance."

But until there is a public outcry of support, it's unclear how doggedly the congressman will pursue the HAPPY Act.

http://www.npr.org/templates/story/s...08&sc=fb&cc=fp

More info: http://www.reptilechannel.com/reptil...ct-update.aspx

<hr>

There you go kvrdave.

kvrdave 10-14-09 05:15 PM

Re: HAPPY now, kvrdave? Your horse could be a tax deduction
 
An agent of mine deducts all the care, cost, etc. of her horses because she actually uses them to show land. I could do the same, but I hate them so much that I won't. It's a legitimate business deducation if I used them.

OldDude 10-14-09 05:36 PM

Re: HAPPY now, kvrdave? Your horse could be a tax deduction
 

Originally Posted by kvrdave (Post 9773734)
An agent of mine deducts all the care, cost, etc. of her horses because she actually uses them to show land. I could do the same, but I hate them so much that I won't. It's a legitimate business deducation if I used them.

You'd make a crappy Ferengi; they'd NEVER let hate get in the way of profit.

kvrdave 10-14-09 05:54 PM

Re: HAPPY now, kvrdave? Your horse could be a tax deduction
 
:lol: I know. I've thought about using them a few times a year to make it work, but I just hate them, and they know it.

General Zod 10-14-09 06:07 PM

Re: HAPPY now, kvrdave? Your horse could be a tax deduction
 
I have 5 cats and 3 dogs and I wouldn't want to see this go through. People would horde cats and dogs in horrid conditions just to get the tax deductions.

The Bus 10-14-09 06:22 PM

Re: HAPPY now, kvrdave? Your horse could be a tax deduction
 
I don't think it's per pet, is it?

Nugent 10-14-09 06:32 PM

Re: HAPPY now, kvrdave? Your horse could be a tax deduction
 
Great, I get to pay more taxes because of the "breeders" getting deductions and now they want to let them deduct their freakin' animals. Moronic!

spainlinx0 10-14-09 07:01 PM

Re: HAPPY now, kvrdave? Your horse could be a tax deduction
 
I enjoyed the woman saying pets are an option, and so there shouldn't be a tax break. So are children, but there are still tax breaks for them.

Psi 10-14-09 07:03 PM

Re: HAPPY now, kvrdave? Your horse could be a tax deduction
 
I approve.

kvrdave 10-14-09 07:16 PM

Re: HAPPY now, kvrdave? Your horse could be a tax deduction
 

Originally Posted by spainlinx0 (Post 9773937)
I enjoyed the woman saying pets are an option, and so there shouldn't be a tax break. So are children, but there are still tax breaks for them.

You don't get future payers into social security with animals, you do with children. It benefits the government greatly to ensure they have a future revenue stream to pay for all the debt they amass, and that means encouraging children.

General Zod 10-14-09 07:54 PM

Re: HAPPY now, kvrdave? Your horse could be a tax deduction
 

Originally Posted by The Bus (Post 9773865)
I don't think it's per pet, is it?

Not sure. Don't you get more per child?

What defines a pet? Is my spider living in the corner of my room (I named him Chucky) a pet?

kvrdave 10-14-09 08:04 PM

Re: HAPPY now, kvrdave? Your horse could be a tax deduction
 

Originally Posted by General Zod (Post 9774048)
Not sure. Don't you get more per child?

What defines a pet? Is my spider living in the corner of my room (I named him Chucky) a pet?

It isn't a deduction per pet or even animal, it is a deduction of vet bills up to $3,500. If you want to spend $2,000 on your spider, go for it.

OldDude 10-14-09 08:18 PM

Re: HAPPY now, kvrdave? Your horse could be a tax deduction
 
Yet human medical bills are only deductible if they exceed a certain percent of income (I think 7.5% for medical plus an additional 2.5% for drugs, or 10% of income total, but I haven't made the nut for years.) Only the excess is deductible, but they are going to make vet bills deductible from the first dollar.? That's insane.

JasonF 10-14-09 08:47 PM

Re: HAPPY now, kvrdave? Your horse could be a tax deduction
 
I think human doctor bills should be deductible from the first dollar. I also think a deduction for animal care expenses would be nice, though it would be incredibly easy to abuse ("Why yes, I did buy my cat the most expensive cat food and not the generic stuff that's mostly garbage and filler. No, I didn't save the receipts.")

But there have been years when I have spent in excess of $1,000 on vet bills and pet medications. And even over the internet, I can hear kvrdave shaking his head at me.

spainlinx0 10-14-09 09:18 PM

Re: HAPPY now, kvrdave? Your horse could be a tax deduction
 
Yup, animal bills can be expensive, and I'm not sitting here demanding a tax break, but if they pass it, I'll take it.

Birrman54 10-14-09 09:18 PM

Re: HAPPY now, kvrdave? Your horse could be a tax deduction
 
I knew a girl in college with a pet ferret. It swallowed something stupid and was dying. The vet gave her a "pet credit card" and she spent $10,000 to keep it alive. It ended up requiring an additional surgery and died during the operation.

Some people -ohbfrank-

General Zod 10-14-09 09:28 PM

Re: HAPPY now, kvrdave? Your horse could be a tax deduction
 

Originally Posted by kvrdave (Post 9774068)
It isn't a deduction per pet or even animal, it is a deduction of vet bills up to $3,500. If you want to spend $2,000 on your spider, go for it.

Oh I see. Well in that case I approve :up: My stupid cat broke his leg last year and it cost over $1000 to fix it.

belboz 10-14-09 09:36 PM

Re: HAPPY now, kvrdave? Your horse could be a tax deduction
 
God I fucking hate our tax code enough as it is. McCotter should go sponsor some rogaine rather than waste everybody's time with this shit.

aktick 10-14-09 09:55 PM

Re: HAPPY now, kvrdave? Your horse could be a tax deduction
 

Originally Posted by OldDude (Post 9774088)
Yet human medical bills are only deductible if they exceed a certain percent of income (I think 7.5% for medical plus an additional 2.5% for drugs, or 10% of income total, but I haven't made the nut for years.) Only the excess is deductible, but they are going to make vet bills deductible from the first dollar.? That's insane.

First thing I thought of...indeed, ridiculous to even consider this for pets until they make every dollar of personal medical expenses deductible. -ohbfrank-

kvrdave 10-14-09 11:32 PM

Re: HAPPY now, kvrdave? Your horse could be a tax deduction
 

Originally Posted by JasonF (Post 9774145)
I think human doctor bills should be deductible from the first dollar. I also think a deduction for animal care expenses would be nice, though it would be incredibly easy to abuse ("Why yes, I did buy my cat the most expensive cat food and not the generic stuff that's mostly garbage and filler. No, I didn't save the receipts.")

But there have been years when I have spent in excess of $1,000 on vet bills and pet medications. And even over the internet, I can hear kvrdave shaking his head at me.

-ohbfrank-

orangecrush 10-15-09 09:57 AM

Re: HAPPY now, kvrdave? Your horse could be a tax deduction
 

Originally Posted by JasonF (Post 9774145)
I think human doctor bills should be deductible from the first dollar. I also think a deduction for animal care expenses would be nice, though it would be incredibly easy to abuse ("Why yes, I did buy my cat the most expensive cat food and not the generic stuff that's mostly garbage and filler. No, I didn't save the receipts.")

But there have been years when I have spent in excess of $1,000 on vet bills and pet medications. And even over the internet, I can hear kvrdave shaking his head at me.

$1,000 for a Chicago lawyer like you would be like $100 to the rest of us. When you start getting into mid 5 digits, then we (and by we, I mean the sane among us) will start to shake our heads.


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