FARM BUSINESS NEWS
Marcia Zarley Taylor DTN Executive Editor
Mon Jan 14, 2013 04:20 PM CST


Dazed by Capital Gains Rates

If you're confounded by income tax changes under the new tax changes, you're not alone. Capital gains rates may be one of the more convoluted calculations you'll need to consider starting in 2013.

Paul Neiffer, a CPA who specializes in agriculture and cooperative taxes for CliftonLarsonAllen LLC, points out that your personal capital gains rate will no longer depend just on your taxable income (after deductions). Now that a new 3.8% Medicare surtax rate kicks in on those with adjusted gross income of $200,000 single/$250,000 married, there are really six possible capital gains ...

Quick View
  • Betting on Shorter Beans Researchers at the University of Nebraska and Purdue University have pinpointed a gene that produ...
  • Super Food Silage has never gone out of fashion in Bath County, Kentucky, even when the lure of $6- to $8-pe...
  • Farmers Pivot Back After Storms The majority of center pivots damaged by severe weather earlier this summer in Nebraska are up an...
  • Pick Contingency Plans - 3 As crop prices and insurance coverage swoon, farmers may need to supplement incomes with federal ...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • AFBF Appeal The American Farm Bureau Federation asked a federal appeals court to reverse a lower court's Sept...
  • Pick Contingency Plans - 2 Commodity payments are largely capped at $125,000 per person. People must also report under $900,...
  • Ask the Vet Some tips on fly control.
Related News Stories
US Farm Incomes Forecast to Fall
Ag Interest Rate Snapshot
DTN Ag Business Benchmark
Rents Resist Price Relief
Deere to Lay Off 460 on Weak Demand
Farming on the Mother Road - 7
Farming on the Mother Road - 6
View From the Cab