I hardly think taxes with no deductions will be a problem on $17,000. After the government takes its share, you'll still have more left over than you would after paying for fuel, parts, repairs, seed, fertilizer...
That right there just stymies me to no end: The government TAXES the money it just handed to you! "Here's $5, now give me $2 back." How does that make sense? Why not just give you $3 and be done with it?
I've never understood why the government taxes its own handouts, taxes its employees, etc.. You'd think if you worked for the state you should get a lower salary but be exempt from state taxes, for example.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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