section 179 is not specific to farmers... subsidy and being allowed to depreciate equipment faster are 2 completely different things. I've never taken a subsidy, EVER. You can check EWG website to see that. However, if I buy a piece of equipment because I have a windfall year, I'd like the option of being able to take that piece off my taxes in the year I bought it, instead of dragging it out over many years, to the point it is no longer in service, yet still being depreciated. There are some things the IRS should have NO control over. They already have too much control as it is. It's akin to a schoolyard bully shaking my pockets out every day, to make sure I remember who is the boss. Anyone who agrees with these policies is also a bully.
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Today's Featured Article - Upgrading an Oliver Super 55 Electrical System - by Dennis Hawkins. My old Oliver Super 55 has been just sitting and rusting for several years now. I really hate to see a good tractor being treated that way, but not being able to start it without a 30 minute point filing ritual every time contributed to its demise. If it would just start when I turn the key, then I would use it more often. In addition to a bad case of old age, most of the tractor's original electrical system was simply too unreliable to keep. The main focus of this page is to show how I upgr
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