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US Tax code trashed, new forms available: check these out.
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wheat farmer
Posted 12/18/2010 18:40 (#1493506 - in reply to #1493438)
Subject: RE: US Tax code trashed, new forms available: check these out.



WAKE UP, YOU ARE STILL DREAMING. 

Now that I got your attention, how much new iron, or for that matter, better used iron will you buy with those type of tax forms?  15% of gross income would be a bit tough for some farmers to swallow.  Considering 300 acres of 100 bushel corn is 30,000 bushels at $5 a bushel becomes $150,000 with a tax bite in your form of $18,750.

You can back to sleep and dream about that little number.

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