taxes

United States Senator Ted Cruz opposes taxes for both internet access and internet purchases. It's not a position that's popular with schools. libraries or Main Street merchants, as reported in this article from the The Texas Tribune.

Estate taxes can complicate farm transitions

Jul 26, 2013
Kansas Poetry (Patrick) / Flickr

Welsh-born immigrant William R. Charles in 1868 fought an uphill battle with Indians and grasshoppers when he homesteaded 400 acres of well watered crop and timberland in Republic County, Kan., that his great-grandchildren farm today. The family’s first log cabin burned to the ground in December, 1869 and they dug through two feet of frozen dirt to find shelter.

Today, Charles’ grandchildren, great-grandchildren and their children are far flung from that homestead, Valley Point Farm, 240 miles northwest of Kansas City.

This tax season is an unusual one for farmers.

“Farmers didn’t necessarily have a great crop to harvest, but they harvested a huge amount of income last year. It was one of the biggest years, inflation-adjusted, since going back to the 1970s,” said Roger McEowen, who runs the Center for Agricultural Law and Taxation at Iowa State University.