Celebrities, Pols Benefit From Colo. Ag Tax Breaks
Goldie Hawn, Tom Cruise among celebrities benefiting from Colo. lower agricultural tax rate
DENVER March 7, 2011 (AP)
If I want to retire a nice 80 acres of what was farming land, but not farm it, the gubmit will pay me a money to do it. Sure, its not enough for an actual farming family to live on, but it sure does offset my expenses.
I raise cattle and enjoy a greatly reduced tax rate. If you want to see the price of beef go sky high and the US become dependent on foreign sources for food, just go messing with the ag exemption.
I doubt Tom Cruise or Goldie Hawn are raisning any crops themselves, perhaps they rent that property to others who work it for them. If they are raising crops on the property and are entitled to the tax break , why shouldn’t they get it?
When investers buy property for future development they should not be entitled to tax breaks.
Our founding fathers would be most distressed by the dictatorship in office and the amount of taxes we spend.
It's every American's patriotic duty to pay as little tax as possible. And I support it even when liberals do it unless they're being hypocritical about it, and I don't recall them saying people need to be taxed more.
And, BTW, a tax rate reduction is not the same as a "subsidy". I'm all for all the tax breaks we can get.
If wealthy celebrities utilize their land such that they meet the requirements of the law, then good for them. They are entitled to the tax break.
How much of a tax break and direct payments did that silk stocking lawyer and Senator Salazar get for his “family farm?”
He’s recently found religion in the sage grouse totem that prevents oil development in the western lands.
you’d pay 5 to 8 times that on a three bedroom house in my area