west central illinois | Itchy - 4/28/2012 08:25I never said it would fix a tax problem renting high priced land.?????????????????????????.And what makes you think the guys paying the big money cash rent rates aren't in the 25% and wanting to get in the 50% rate. Just because you make a lot of money doesn't mean you don't want to make more, and by using the tax rate deduction to figure your cash rent payment is just the same as using the IRS sec 179 when you buy iron. It should be figured into what your net income is, especially if you are in a high tax rate.$425/a cash rent isn't really $425/a to the big boys. It is opportunity to make more with less cost per acre incl less tax paid.If you can't figure that out, you just as well stay in your own little world, and leave the beetching about high rents to your drinking buddies. I can figure just fine and my little 3200 acres fit me just fine! After the disaster that was caused by one individual here that filed bankruptcy that high price to the bto doesn't interest me in the least. I'm wanting to makeup money and retire at a good age hopefully by 65 I'm 33 now. Farming 10,000 acres for example doesn't interest me in the least. What you are explaining looks good on paper and figures but in the real world things get a little more complicated. |
2013 rent bids
