ziero0
29th October 2021, 09:29 PM
Capital gains.
Used to be a rule that when you kept an animal for breeding if only for one cycle when you sold it you only declared half the income.
The Rule changed in the '70s ...along with Earl Butz telling farmers to "get big or get out".
Now income is income and farmers rely on row crops rather than animals.
Just thought you might want to know why you are paying high food prices.
Enjoy!
Used to be a rule that when you kept an animal for breeding if only for one cycle when you sold it you only declared half the income.
The Rule changed in the '70s ...along with Earl Butz telling farmers to "get big or get out".
Now income is income and farmers rely on row crops rather than animals.
Just thought you might want to know why you are paying high food prices.
Enjoy!