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southwest illinois | OK, I read your reply to Tara, your thoughts apply quite well to a cash register type business
Most farmers are commodity producers subject to boom-bust cycles, wouldn't depreciation protect you from losses in the future?
The tax bracket worry is pretty minor, I always want to make more money and consequently pay more taxes, and if you calculate the average tax you pay on every dollar you make, income averaging to try stay in a lower bracket will do just that........you will stay in a lower bracket | |
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