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Do you pay income taxes?
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ndsu84
Posted 2/16/2019 22:52 (#7325671 - in reply to #7324655)
Subject: RE: Do you pay income taxes?


EC North Dakota
Depends on the stage of your career.

After 30 years of farming, it should be just about impossible to not be paying huge income taxes.

Pre-pay expenses max out, multiple years of crop inventory/defer, max ira and sep, and land payments to make.
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