Just listening to Brad Wall on John Gormly live and doing some reading between the lines.
1. Education taxes on farm property frozen for years so will likely go up, how much????
2. Gas/diesel tax rebate. Probably gone.
3. Crop insurance premiums going up to reflect high payouts due to poor harvest conditions last fall.
4.PST on exempt items like restaurant meals and food. Probably start with restaurant meals.
I am sure there are others as well.
Politicians and urban taxpayers are seeing all the new bins, shops and equipment being sold for huge dollars and seeing land values rising faster than inflation. The assumption being that farmers are doing really well now and should be paying more taxes.
With almost all of our costs built in and fixed it will be a struggle for many to take on lot of new expenses.
I don't have a solution except for really watching our expenses and cutting spending till all of our suppliers start noticing. Also higher taxes almost never increase government revenues, it simply restricts the economy to a new level such that tax revenue stays the same.
1. Education taxes on farm property frozen for years so will likely go up, how much????
2. Gas/diesel tax rebate. Probably gone.
3. Crop insurance premiums going up to reflect high payouts due to poor harvest conditions last fall.
4.PST on exempt items like restaurant meals and food. Probably start with restaurant meals.
I am sure there are others as well.
Politicians and urban taxpayers are seeing all the new bins, shops and equipment being sold for huge dollars and seeing land values rising faster than inflation. The assumption being that farmers are doing really well now and should be paying more taxes.
With almost all of our costs built in and fixed it will be a struggle for many to take on lot of new expenses.
I don't have a solution except for really watching our expenses and cutting spending till all of our suppliers start noticing. Also higher taxes almost never increase government revenues, it simply restricts the economy to a new level such that tax revenue stays the same.
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