I agree with much of what you have said. Naturally if a farm gross sales are a half million there is the expectation that there could be some profit margin. And as with any business, having the ability to write off the cost of capital purchase, like a new tractor, will allow the business owners to shelter/defer some of the taxable income from the margin of profit. In other words, why freeze your backside on an open tractor to save money, just to watch the income tax man take it from you? If your making money, you only get to keep the crumbs anyway, we all have to share our income with the tax man. He won�t freeze his backside to help you, lol
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Today's Featured Article - Women and Tractors - by Teri Burkholder. The View from the Garage - Never a doubt, everything on our farm is a learning experience. I've been working very hard to get our two rundown Farmall A's sanded, primed , bondo�d, fiberglassed and painted before our big local tractor show called the Tulip Festival. My husband Ben came in the garage one rainy day to see if he could "help". Well if you knew Ben you wouldn't want him anywhere near your spray gun, fiberglass or bondo! So I pulled out the 2 old yucky looking magne
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