Why???Limomike":1bgy5ksf said:I kinda look at it this way.. You got your money.. and if it was cash.. even better than going thru the sale ring.
He77 if I could sell all mine for cash money.. I would.
Denver look at it this way. If you happened to be in the 25% tax bracket and sold $4000 worth of calves you could owe $1000 in taxes and have $3000 left over. If you sell them for $3800 cash and don't have any records to pay taxes on you have $3800 or $800 more. This is part of what keeps the penhookers going.denvermartinfarms":wxzq6ux1 said:Why???Limomike":wxzq6ux1 said:I kinda look at it this way.. You got your money.. and if it was cash.. even better than going thru the sale ring.
He77 if I could sell all mine for cash money.. I would.
I know Kenny, I just wanted to hear him explain income tax evasion. I don't approve of what the government spends money on, and knowone in the country dislikes our government more than me.I will use every legal deduction possible to my advantage. But with that said, I don't steal.kenny thomas":3vqlmhjt said:Denver look at it this way. If you happened to be in the 25% tax bracket and sold $4000 worth of calves you could owe $1000 in taxes and have $3000 left over. If you sell them for $3800 cash and don't have any records to pay taxes on you have $3800 or $800 more. This is part of what keeps the penhookers going.denvermartinfarms":3vqlmhjt said:Why???Limomike":3vqlmhjt said:I kinda look at it this way.. You got your money.. and if it was cash.. even better than going thru the sale ring.
He77 if I could sell all mine for cash money.. I would.
There is no brand inspection or requirement in most if not all of the eastern states. No proof of ownership either. I have known of cattle being bought that had been stolen. A smart penhooker always writes down the truck license number so he does have a record of at least that.Shadscale":1fkg1kt4 said:So they are buying them and then just running them through the barn? So no brand inspection, no proof of ownership? That's weird to me. Out here if you sell you have to have a brand inspection done. Wether it's one calf or a thousand.
No brand Inspection, no nothing here. I can take anything anywhere I want, give any name in the phone book to sell them under, I can get the check, forge the name I sold them under and cash itShadscale":19f8h6i5 said:So they are buying them and then just running them through the barn? So no brand inspection, no proof of ownership? That's weird to me. Out here if you sell you have to have a brand inspection done. Wether it's one calf or a thousand.
Only cattle I ever seen here that had a brand came from the west. Or bulls that had been through the Va Tech bull test station. No one here brands.Shadscale":2omehhkx said:So does anyone brand cattle at all? That's probably a dumb question cause it sounds like a brand is worthless. Is there a lot of cattle rustling that goes on? This is just odd to me. I have a state brand inspector look at my cattle at the local sale barns and when I sell semi loads off my ranch I have one come the morning of delivery and look over them.
No, not a lot.Shadscale":9owqw9x9 said:Is there a lot of cattle that get stolen? If there is no proof of ownership needed a thief could just say all his stolen cattle were his that he raised. Sorry to ask so many questions I just can't imagine not branding. You guys must be some darn good fence builders.
denvermartinfarms":1y0xfgtm said:We don't have pen hookers around here. But I figure 95% of the time they wouldn't be trying to buy them outside if they could buy them cheaper in the ring.