RE:RE:RE:RE:RE:RE:RE:ConfirmationThis comment alone proves how out of touch you are with your "reality"
"Poor farmer Joe"???? who routinely buys million dollar tractors??? If your business requires a few million dollars in cap ex let's agree that we are not talking about some hayseed with a horse, a pitchfork and 4 shoeless kids to feed, ok?"
The days of plowing fields with horses are long gone, if you're not investing big money you're not in the game period.. small family farms are almost a thing of the past.. why.. because they coudn't make any money and many went broke!
If there's no PROFIT, it doesn't matter how many million dollar combines you have, the only difference is you go broke quicker.. and let me tell you there's many times the "profits" are razor thin.. thus the need for size of farm to be big enough for the banks to float the input costs every year..!!
The ones that do exist most often have an off farm job..! Either that or the kids are infact shoeless..!
By the way your comment has no relevancy to the Cap Gain exclusion does it..??