
213 - "Know Your Numbers" And Other Advice from The Farm CPA
The Business of Agriculture Podcast
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What's the Danger of a Transfer Tax?
A lot of people listening to the show right now, they have a million or two million dollars of net worth laying around. That's not net worth. It's not net worthless. Lest look at the farmer that's got wat, say, six million dollars worth of equipment and grain and so on, but owes for million dollars to the bank. O, they've borrowed money to buy all their in but theyre able to deduct it. They're going to owe tax on the six million, not on the two million a net worth. A y, what what's happening? As all these billionaires, or multi millionaires, what they're doing is they're never selling their stock during
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