Mitt Romney's horse: $77,000 tax write-off

The Romneys declared a loss of $77,000 on their 2010 tax returns for the share in the care and feeding of Rafalca, [the horse] which Mrs. Romney owns with Mr. Ebeling’s wife, Amy, and a family friend, Beth Meyers.

More than 80% of American workers earn less than $77,000 per year.