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Are there financial benefits to being a farmer? Well, that depends on how you look at it. 🙃🙂 Thanks to a complicated tax system, many farmers reinvest most of their income into assets like equipment, land, and inputs instead of letting it sit in the bank. Why? Because the less cash you show on paper, the less you owe Uncle Sam. And with property taxes already taking a big bite, farmers are looking to keep as much money as possible working for the farm, not the IRS. It’s not about avoiding taxes—it’s about survival and smart reinvestment in a business with razor-thin margins. Farming may be rewarding, but it’s not for the faint of heart! 😮💨 #farm #farming #farmer #tax #finance #money #farmers #income #interesting #didyouknow #bank #banking #government #fact #facts #funfact #funfacts #educational #education #ag #agriculture #tractor #combine #assets #land #taxes #shilohfarm
Duration: 45 sPosted : Thu, 21 Nov 2024 23:58:11Views
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