Viewing a single comment thread. View all comments

maybe_little_pinch t1_iuintgl wrote

Reply to comment by PettyWitch in What is the justification for taxing horses? by [deleted]

You are missing that it is about business related items. You aren't getting taxed for your couch. But if you have a farm stand on your property and you sell vegetables, you should be paying tax on that. It says "business related" and then a list of items. You are reading that sentence wrong.

If you own luxury items like a horse, snowmobile, ATV, etc. those are also taxed.

If your ponies were used as work animals they would be exempt. The fact that you occasionally use them as work animals does not count. It would like me trying to write off my truck as a work vehicle because I occasionally haul stuff.

1

PettyWitch t1_iuio4zg wrote

Ah you’re right I think. But then why are things like expensive jewelry or plasma TVs not taxed yearly as luxury personal property?

1

maybe_little_pinch t1_iujb2fa wrote

I think because snowmobiles and horses are considered assets. They are part of your net worth.

1