Posted by Andy Martin on November 26, 2015 at 06:23:14 from (209.213.149.120):
In Reply to: Cause and effect posted by Geo-TH,In on November 25, 2015 at 14:59:27:
Quoting Removed, click Modern View to see There are no "tax loopholes". just valid tax deductions voted by congress, things like you can deduct the cost of fertilizer before you pay income tax on the crop you raised and sold. Those deductions are intended to spur the economy. If tax was only on retail price of sales, the income tax rate would be a lot lower but many items (like all farm commodities) would still be taxed too heavily because the margin of sales price over total cost is too great. If farmers were allowed to deduct the cost of owning land, say even 1% of the value of land owned, they would make a lot more money. How many struggling farms have a couple of million in debt free land? (answer, the stable ones) But Congress has never voted a deduction like that, but there are deductions like that in other industries to encourage the ownership of the assets required for those industries. Years and years of manipulation makes for a complicated tax code, and none of us want to lose the deductions that allow us to be in business.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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