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It is often said that there are two sure things in life: death and taxes. This holds true for most people. However, for individuals or groups with the capital to invest heavily in farms, taxes are a reality they won't need to face thanks - in part - to agricultural exceptionalism and an exploitable tax …
Continue reading "how have U.S. tax policies turned farms into tax havens?"
In the United States, a farm is considered a business that earns a minimum of $1,000 rearing livestock or growing crops for food, fiber, and feed. According to the Joint Economic Committee of Congress, farm business can be set up in three ways. The first option is a sole proprietorship where an individual or married …
Continue reading "what is a farm? what are the different tax structures for farms?"
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