What the F are you talking about?Yes, IA state sales tax is 6% and yes Polk County put another 10% on top of that.
It is horrible. The early images of middle-aged women standing up to tanks is gone.‘They were all shot’: Russia accused of war crimes as Bucha reveals horror of invasion
Ukrainian forces liberating the town of Bucha near Kyiv find streets littered with corpses of civilians and burned-out Russian tankswww.theguardian.com
Simply Horrible
well that is called a typo, the county is 1% as I live there, thanks for noticing my typo.What the F are you talking about?
State is 6% and county is 1%. Just like every single county in Iowa.
What the F are you talking about?
State is 6% and county is 1%. Just like every single county in Iowa.
Don't turn over enough as in they don't pay in enough money or they don't change hands enough?I'm conservative. However, one of the biggest issues causing the decline of the middle class is the reduction in death taxes and cap gain taxes. Properties and businesses don't turn over enough. See it easily in farmland.
You may want to look up the various definitions of corporate farms. Only 3% of Iowa farmland is big corp owned and operated. Many, many small and medium sized farms are “corporate” only because individual families have done so. Yes, a lot of Iowa farmland is owned by families who in turn lease the land instead of actively farming themselves. Reason? Many of these farms are 2-3 generations away from active farm families. I am way too old to farm so I lease. The family we lease to is a second generation and they farm over 1000 acres. Way of the world but not exactly greedy, evil villains.Don't turn over enough as in they don't pay in enough money or they don't change hands enough?
Assuming you mean don't pay in enough money, if you increased taxes it'd just drive people out more than it does already. No one stays on the family farm anymore because unless you're ridiculously big you can make more money in a 9-5 job with a 4 year degree. Farms used to be a generational source of pride to keep in the family but that ship has sailed.
New 22 year-old college grads don't want to be the fourth generation living in the same falling apart farmhouse and have to manage equipment, planting, fert, harvest, and animals. At the very most they'll keep the land and rent it as a paycheck, but the more a family tree forks, the less money for each person there is to be had. Most of the ones that do stay just build an acreage somewhere with a shouse and live off the rent while working a 9-5.
So...tax it more to prevent the kids from just renting it out and making big bucks? They'll just sell it to corporate farms which is where 75% of it goes to now anyways in the form of either guys getting bigger, or corporate renters which are becoming big around and everywhere else. Either way, increasing taxes on any sort of farming is just going to get pushed onto people's gas tanks and food tables. There's zero way that increasing farm estate or property taxes is going to put screws on farmers. It would've 20 years ago, but people inheriting land and farms will just sell their stakes if it gets too burdensome and the corporate operators will just pass it on to you or me.
Family farms of about 2000 acres which is barely average have been netting out about 300k per year before the recent run up of grain prices. One farmer with in-season help can easily do 2000 acres. Before ethanol, family farms did it for the govt payments which was about 60k per year.Don't turn over enough as in they don't pay in enough money or they don't change hands enough?
Assuming you mean don't pay in enough money, if you increased taxes it'd just drive people out more than it does already. No one stays on the family farm anymore because unless you're ridiculously big you can make more money in a 9-5 job with a 4 year degree. Farms used to be a generational source of pride to keep in the family but that ship has sailed.
New 22 year-old college grads don't want to be the fourth generation living in the same falling apart farmhouse and have to manage equipment, planting, fert, harvest, and animals. At the very most they'll keep the land and rent it as a paycheck, but the more a family tree forks, the less money for each person there is to be had. Most of the ones that do stay just build an acreage somewhere with a shouse and live off the rent while working a 9-5. The eastern side of Sioux Center is a huge (relative to the size of the community) property development made up of tons of million $ plus homes built by just that demographic.
So...tax it more to prevent the kids from just renting it out and making big bucks? They'll just sell it to corporate farms which is where 75% of it goes to now anyways in the form of either guys getting bigger, or corporate renters which are becoming big around here and everywhere else. Either way, increasing taxes on any sort of farming is just going to get pushed onto people's gas tanks and food tables. Ethanol and food aren't discretionary items. There's zero way that increasing farm estate or property taxes is going to put screws on farmers. It would've 20 years ago, but people inheriting land and farms will just sell their shares if it gets too burdensome and the corporate operators couldn't care less because they'll just pass it on to you or me.
My personal definition of corporate farming is any farming done by anyone who didn't inherit their land and operation. One acre or 10,000 acres. The dynamic is different.You may want to look up the various definitions of corporate farms. Only 3% of Iowa farmland is big corp owned and operated. Many, many small and medium sized farms are “corporate” only because individual families have done so. Yes, a lot of Iowa farmland is owned by families who in turn lease the land instead of actively farming themselves. Reason? Many of these farms are 2-3 generations away from active farm families. I am way too old to farm so I lease. The family we lease to is a second generation and they farm over 1000 acres. Way of the world but not exactly greedy, evil villains.
Regardless of our disagreement on the makeup of farming families, taxes will not impact farmers. That's a fallacy.Family farms of about 2000 acres which is barely average have been netting out about 300k per year before the recent run up of grain prices. One farmer with in-season help can easily do 2000 acres. Before ethanol, family farms did it for the govt payments which was about 60k per year.
Cap gains and death taxes have to be increased period. Sales of property are at all time lows. Drives up prices.
Ethanol isn't a viable business without subsidies.
Americans are like the frog in the boiling pot. Doing the bidding for the wealthy while they are cooked.
Families fight now to see who gets to stay on the farm. The wealthiest people in Iowa towns are no longer the doctors and lawyers. It's the farmers. It's not just farming though. Not enough homes come up for sale and thus higher prices.
Not sure which farmers you are talking to. I've managed up to 75 at one time.
Those subsidies ain't going away. If they do there's been a total collapse of our government and economy and you have bigger things to worry about.Ethanol isn't a viable business without subsidies.
Wrong. Iowa doesn't have a large percentage of corporate farms because the state has a blatantly unconstitutional law that prohibits most types of "corporate farming." The guy who sat next to me at Northwestern football games ran a private equity fund out of Chicago that invested in farmland. He said some firm in Des Moines told him they could get the law struck down but it would cost a quarter of a million bucks in legal fees and that was like 10 years ago, so it's probably a half a million now. At some point someone will foot the bill to challenge it, but this guy wasn't gonna pay that much. He just acquired land in Illinois instead.You may want to look up the various definitions of corporate farms. Only 3% of Iowa farmland is big corp owned and operated. Many, many small and medium sized farms are “corporate” only because individual families have done so. Yes, a lot of Iowa farmland is owned by families who in turn lease the land instead of actively farming themselves. Reason? Many of these farms are 2-3 generations away from active farm families. I am way too old to farm so I lease. The family we lease to is a second generation and they farm over 1000 acres. Way of the world but not exactly greedy, evil villains.
my son, who is 6, buys stock a few times a month. a nickel transaction tax on someone putting $5 into the market is a huge tax. we've all seen huge technological changes in the past few decades, unimaginable things, but one of the biggest is the race to the bottom for passive mutual fund and etf assets. management fees used to be over 1% and now vanguard has a giant fund that is 3 basis points and fidelity has funds that are 0% management fees and funds with "loads" have all but disappeared and spreads on stonks, which used to be 25 cents a share, are now down to virtually 0 on actively traded stonks.the idea of stock transaction taxes is they are really small but there are millions of them all the time. Is a stock transaction the sale of an asset, yes, then tax it, just like when you sell a car the buyer pays tax and then all the licensing cost.
Quit trying to tell me that rich people cant afford a fucking nickel tax on their stock transaction. And it wont put a quash on stock sales which is just another form of gambling.
Yes, IA state sales tax is 6% and yes Polk County put another 10% on top of that.
well that is called a typo, the county is 1% as I live there, thanks for noticing my typo.
But no thanks for saying "what the F are you talking about"? as most people would probably first think 'typo'
And logically if Polk county had a 10% tax no one or hardly anyone would live there so the Golden Circle would become a Golden donut with Polk being the hole and the surrounding counties with a much lower sales tax being the Golden ring of dough.
Well first of all I am not lying, it was a typo. I was probably typing too fast and thinking ahead. But you are calling me a liar, weird!!!!! I have a tendency to be thinking ahead as I talk and text, write so that was it. That is why people who are on twitter, which I am not, want a edit button. But you believe what you want.Not saying I don't believe you, just odd. How does one get a typo when intending to type one number (1) which is completely opposite of a "0" which is on the other side of the keyboard, again, when intending to only hit one number. This means you went out of your way or knowingly intended to type two numbers. Just odd. But, shit happens.
Even more weird, is that I break down this kind of shit in my head. It can be a curse.
See California. See New York City.