There is a tax loophole meant to benefit farmers whereby a small business owner who buys any vehicle over 6,000 pounds gets a huge tax break.
Hence, you see all those ridiculous Hummers out there.
It's time to rescind this insane law.
Agreed?
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Maybe we can edit it? We can still help farmers. But you have to have specific requirements to get the benefits. So that way a guy that owns a pizza shop does not recieve the same benefits with a gas guzzler?
To make sure that farmers get this benefit and not the pizza shop guy kara gee is really easy. Farmers all have their farms named (for example John Smith Farm) that has their street address, owner, amounts of acres, etc. in the government records. In order for a farmer to get tax benefits on buying tractors, farm vehicles, etc. They must give their farm name plus proof that they own the farm. If the information matches up at the John Deer dealership on the computer, (or other ones too) they get the tax break. This could imply for buying a big car, all they would have to do is give their farm name plus proof that they own it (by giving the owners name/social security number, and address). Then if it matches up at the car dealership, they get the tax break on their car.
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Learn from our mistakes, history’s mistakes, and other countries mistakes, so we don't make the same mistakes today. -Redtail Hawk
But I like it.
typical goverment, there shouldnt even be any such tax break.
What have you got against the pizza shop guy? The 14th amendment guarantees equal protection under the law. Why should a farmer get extra protection, when it is unconstitutional.
"nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws."
While I agree that too many protections are bad (just look at congress giving billions of dollars to dead farmers), I don't see where it is prohibited. Can you help me there? <---Not a Lawyer
I think we do need to change this law. However, I believe it should be kept in tact for the farmers, just not everyone else. Farmers have really hard times, and they're loosing out to "Mega-Farms", that is, industrial still agricultural companies owned by big business with a disgusting history of animal abuse and pollution.
Besides, we need to keep farmers in business to grown corn for ethonal. Supporting them supports the environment.
The megafarms are getting the tax breaks too. AC/DC, it's all just another form of welfare. We still have a wool subsidy on the books from WWII, we are still subsidizing irrigation in California for cotton growers who get price supports because we have a cotton surplus.
"Besides, we need to keep farmers in business to grown corn for ethonal. Supporting them supports the environment."
We need farmers in business to grow corn for consumption (the bodily kind). Ethanol is not and will never be an answer.
I'll second that one Bryank89. Ethanol is a joke and this coming from the son of a farmer! ;-)
Another gov. handout to the "poor farmers"
I agree, down with farmers with hummers. Those guys should be buying tractors!