Tax Court Allows Multimillion Multiyear Arabian Horse Losses

I love it when Tax Court judges write about sex.  In the case of Howard and Christie Metz Judge Holmes refers to the story of President Coolidge and his wife being given separate tours of a farm.  Mrs. Coolidge observing a rooster on the job asked how often he might be expected to do his roosterly duty and the guide indicated dozens of time in a day. She asked the guide to point that out to Mr. Coolidge.  The President inquired as to whether it was the same hen each time. And wanted someone ...