Posted on 10/25/2005 6:59:42 PM PDT by SJackson
I just checked with my husband who finished combining crops today. He says Iowans NO LONGER pay property taxes on livestock. So the statement I made last night was in error. We quit feeding livestock several years ago and my information was out of date.
None the less, all farmers would pay INCOME taxes on any livestock sold, after the price of feed & veterinary services were deducted and whatever depreciation is allowed for the buildings would also be deducted I believe.
You seem to be the only one who really gets it. I just jumped off a thread were Wolfowitz is trying to end subsidies (without counter-balancing tariffs) and has pretty much admitted to wanting to get rid of US ag. He says its "for the benefit of poor people in other countries". The transnationalist free-traitors have been pushing for this for a while, pay the corp that bought out the Republicrats or starve.
IMO they want better tracking so they can tax you on animals before sale. If that isnt the program it will surely be the result.
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