I'm going to file John Stossel's upcoming special under my personal "must-see" category. He's going to take on tax breaks for buying alpacas and will also take a physical sledgehammer to "cash for clunkers." If you're as enraged by fiscal irresponsibility, pork, and stupid government spending as I am, you might want to tune in. The show airs tomorrow at 9 pm ET on Fox Business Network and then Friday on Fox News Channel at 8 pm ET.
Here's a tease:
Most people don't want to run, say, a cattle farm. But there is an animal that qualifies for all the tax breaks -- but acts more like a pet. It's called the alpaca.
Alpaca breeding has boomed since people found out about the tax benefits. On my special -- Politicians' Top 10 Promises Gone Wrong -- that will run in Hannity’s timeslot this Friday night, alpaca farmers tell me:
Theresa Reyes-Stassel: "we got into it for the tax reasons"
Rose Mogerman: "I was looking for a tax shelter… I might have had two [alpacas without the tax breaks.] I wouldn't have had 100."
Dennis Piper of Pine Brook Alpacas also told us:
I had tractors and stuff that I always played with, but I could never write it off. After purchasing the alpacas all my toys, all of a sudden, became tax write-offs."
One website even advertises: “Have Uncle Sam Help You Buy Your Alpacas.”
It’s not just a few breeders who are in it for the tax benefits. The Alpaca Owners and Breeders Association surveyed its members: on a scale of 1 to 10, what motivated you to buy? More than half rated tax benefits a 10. That’s even more than said they were motivated to buy because they “fell in love with [alpacas].”