WPI has written several times about the unintended consequences of Section 199A in the recently passed U.S. tax reform bill, including Dave Juday’s article last Friday. The more time passes without a change in this provision, the more complicated the situation seems to get. Here’s another brief recap:
Section 199A created a huge tax benefit for farmers (or any other entity) who sell to a cooperative. Farmers can essentially deduct 20 percent of the gross value of crop sales to a cooperative from their adjusted gross income on their tax return. Such a tax break seems an unbelievable situation, but it is reality today.
The results of this “glitch” are obvious. A farmer has few incentives to sell to non-cooperat...
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A pika (/ˈpaɪkə, ˈpiːkə/ PY-kə, PEE-kə[3][4]) is a small, mountain-dwelling mammal native to Asia and North America. With short limbs, a very round body, an even coat of fur, and no external tail, they resemble their close relative the rabbit, but with short, rounded ears.[5] The large-eared pi...
Kolkwitzia amabilis /kɒlˈkwɪtsiə əˈmæbɪlɪs/,[2] commonly known as beauty bush, is a species of flowering plant in the family Caprifoliaceae. It is the sole species in genus Kolkwitzia.[1] It is a deciduous shrub grown as an ornamental plant. In China, where it originated, the plant is cal...
Lobelia (/loʊˈbiːliə, lə-/[4][5][6]) is a genus of flowering plants in the family Campanulaceae comprising 415 species,[7] with a subcosmopolitan distribution primarily in tropical to warm temperate regions of the world, a few species extending into cooler temperate regions.[8] They are known g...
