Posted by K Effective on February 08, 2017 at 15:09:57 from (162.235.236.141):
In Reply to: Pa 116 benefits posted by 1130Leo on February 08, 2017 at 08:44:21:
We entered into PA116 with our homestead, and got tax money back the first two years. After that, our two-off-farm-income family made enough that the taxes we paid were less than the 3.5% of our adjusted gross. The worst part was that the tax program I used on the computer did not include the PA116 forms, so I had to either file paper returns or take my completed computer return to a tax preparer to e-file for me, since their program has the forms. On top of that, I was getting no benefit from the program.
I let it expire after ten years, and got a bill for part of the money we had received. I thought you only had to pay it back if you broke the contract, not letting it expire and not renewing. It was small enough, I just paid it and was glad to be done with it. More hassle than what is was worth.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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