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...
Kiwengwa/Pongwe Forest Reserve Kiwengwa/Pongwe Forest Reserve is located on the northeast coast of Unguja, 20 kilometres (12 mi) from the Town. The reserve is an important biodiversity spot in the coral rag zone. The forest reserve is rich both in faunal and floral species. The faunal species r...
Fabiana is a genus of flowering plants in the nightshade family, native to dry slopes in western South America.[1] They are evergreen shrubs or subshrubs,[1] with needle-like leaves and profuse tiny tubular flowers in summer. The common name is false heath because the leaves superficially resem...
An Ankylosaurus lumbers along the shore of what’s now eastern Montana. Walking low to the ground, the dino uses its flat, leaf-shaped teeth to tear at ferns lining the water. Suddenly, a shadow looms over the herbivore—a Tyrannosaurus rex is hungry. But Ankylosaurus won’t be a...
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