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East Arkansas | It is interesting from a farming perspective...if you keep expanding can go a long time without paying taxes. I hear people say you aren’t making money if you aren’t paying taxes. I don’t totally agree, if your building equity in equipment and matching depreciation to actual use it may not be as good as paying massive taxes but it’s still better than a w2 wage earner.
As one poster said Trump can deduct lots of entertainment/business expense...lots of farmers do the same thing. | |
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Losing money
