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My daughters and I are feeding cows 10,000 pounds of macadamia nuts each and that's what makes us so relatable and makes it so clear we don't need to be taxed at 95+ percent of our income.
@ct_bergstrom yeah, this is 100% an tax cut “ranch”
@jonathankoren @ct_bergstrom what is a tax cut ranch and how does it work
@schlojj @jonathankoren @ct_bergstrom it's the key ingredient of tax cut ranch sauce
@schlojj @ct_bergstrom property taxes are reduced for agricultural use. It’s very common for the ultrawealthy to just buy a token amount of livestock and then call their palatial estates “ranches” or “farms” and get a big tax cut.
At no point are they viable agribusinesses.
@jonathankoren @ct_bergstrom thank you for your explanation!
@jonathankoren @schlojj @ct_bergstrom
Don't judge him too harshly until he buries a wife on the property and applies for reduced taxes because he now manages a cemetery....
@jonathankoren @schlojj @ct_bergstrom
Also, by losing millions of dollars/year, he can take a loss on the taxes he doesn't pay anyway.
#EatTheRich
@schlojj @jonathankoren @ct_bergstrom his residence is now a farm, not a home. All the acreage isn't hoarding, it's grazing land.
Also, his income is $1, so many things need to be redesigned around these issues