Posted by LAA on February 05, 2014 at 04:40:55 from (86.51.147.113):
In Reply to: Re: tax refund posted by Eldon (WA) on February 04, 2014 at 22:43:56:
You originally stated a Farmer should owe no tax due to the depreciation schedule, what about the living wage he has to take out of his profits to support his family? What about any money to set aside for retirement? If all profits go to depreciable purchases what is the point? If a person is earning enough to support himself and his family he cannot avoid all tax no matter how good his accountant is.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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