Tax Breaks for Pets?

The Humane Society estimates that 39 percent of U.S. households own at least one dog, while 38 percent own at least one cat. About 62 percent of American households own a pet.

The tax break would apply to more exotic pets as well, so long as they're being owned within the bounds of the law. Any "legally owned, domesticated, live animal" would qualify, under the terms of the bill.

According to the ASPCA, a cat costs about $670 a year on average to take care of, while dogs are about $200 a year more expensive. The tax break would be capped at $3,500 per person, regardless of how many animals a taxpayer owned.

Davi, the owner of four dogs and a cat, said the concept of using the tax code to promote pet ownership occurred to him a few months ago, in thinking about the stimulus package passed by Democrats in Congress -- a package, he said, that he opposed.

Davi's cousin runs a prominent California animal rescue foundation, D.E.L.T.A. Rescue, and is always looking for ideas that would get more pets adopted, he said. Why not let people deduct expenses like pet food and veterinarian bills from their taxes, like child care expenses or mortgage interest can help reduce your tax burden?