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I think in the US there are also a good tax breaks for creating 'farms' on your land. Since we give so much subsidy to the industry. IIRC lot of billionaires wi
by dillondoyle 5y ago
I think in the US there are also a good tax breaks for creating 'farms' on your land. Since we give so much subsidy to the industry. IIRC lot of billionaires will get sheep grazing or something like that to claim their mega mansions as farms. I thought I remember Marc Cuban is an example but can't find a quick source. So maybe my memory is wrong on this one.
- 20211215throw 5y agoHere in NJ a typical middle class house pays 10-25k/yr in property taxes. But if you have 5 acres and sell a few thousand dollars worth of pumpkins you pay near zero because you're a farm. https://www.nj.com/politics/2019/09/how-to-cut-your-property-taxes-in-nj-start-a-farm.html https://www.nj.com/politics/2019/09/how-to-cut-your-property...