WHAT: The government is subsidizing lifestyles of the rich and famous with tax write-offs for vacation homes, luxury yachts and gambling losses, plus subsidies for their ranches and estates, U.S. Sen. Tom Coburn, R-Okla., charged.WHO: Samples of the $30 billion loopholes in Coburn’s 37-page report include farm subsidies to rocker Jon Bon Jovi for a plot of land where he raises bees and to Bruce Springsteen for property he leases to an organic farmer.
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URL: http://www.sfexaminer.com/topics/tax-write-offs