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Taxes&Cattle?
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<blockquote data-quote="Caustic Burno" data-source="post: 325354" data-attributes="member: 694"><p>No they don't this is a business like any other not a free ride to get out of paying taxes.</p><p>If you have legitimate expenses you can deduct it from the bottom line.</p><p>You wrote the expense of the purchase of the cow off you wrote the expense of the cow and calf off in feed, taxes, upkeep etc. You have written off all the expenses on an animal you didn't buy so there is no further write off. The idea is to make money, you will never spend your way to saving money by getting back at most 33 cents on a dollar spent.</p><p>If you looking for a tax shelter invest in municipal bonds.</p></blockquote><p></p>
[QUOTE="Caustic Burno, post: 325354, member: 694"] No they don't this is a business like any other not a free ride to get out of paying taxes. If you have legitimate expenses you can deduct it from the bottom line. You wrote the expense of the purchase of the cow off you wrote the expense of the cow and calf off in feed, taxes, upkeep etc. You have written off all the expenses on an animal you didn't buy so there is no further write off. The idea is to make money, you will never spend your way to saving money by getting back at most 33 cents on a dollar spent. If you looking for a tax shelter invest in municipal bonds. [/QUOTE]
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