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| For a young guy starting out, it can kind of be an interest free loan from Uncle Sam. 100k of expense in a year but the the income (stored grain) deffered until next year. Take the 25k that would have been paid in taxes and invest in something that generates a good return. Of course it will have to be paid at some point, but as long as a guy is aware of it I dont see it as a problem. Also there is risk that the tax will be higher when paid at a later, but could also catch an opportunity like we currently have with some extra deductions. | |
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Do you pay income taxes?
