|
EC Nebraska | Yeah, it wouldn’t be that difficult once it got going. You’ve got 15 years to recover losses at $3000/year. How many times has land gone down over a 15 year period? Increase the deductible to $5,000 or $7,000 per year, and it would wash out.
It would take a couple years for the market to adjust, and then it would be fairly stable
Might reduce the amount of outside money interested in bidding up farmland. Are we so sure that’s a bad thing?
Tax unrealized gains, eliminate farm subsidies, and cap insurance subsidies at 40%, and Bill Gates would have his land up on auction months before.
Half you guys are waiting for the land bubble to pop. That would do it. | |
|
Taxes/555
