John Deere strike imminent?
- Thread starter ISUCyclones2015
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Using That as the definition, the employees should not be upset since their wages haven’t been flat or went down. They should be happy since they haven’t “lost” anything.
Yeah, paying the property taxes and insurance bills are a lot of work, lol. Not much management there.
Either way it doesn't matter we are still getting a lot of money that we did nothing to earn. If we have to pay 1/3 of it in taxes so be it we still have 2/3's of it that we didn't have before.
Plus you know I'm a CPA right, and I am a very liberal (not in the political sense) CPA so I don't have a problem pushing the envelope on tax stuff.
Fellow ISU fan discount!@isufbcurt Sounds like you just found a buyer.
STRIKE FAQ - UAW | United Automobile, Aerospace and Agricultural Implement Workers of America
The labor union representing workers in auto, aircraft and agricultural implement manufacturing and other industries in the U.S., Canada and Puerto Rico.
uaw.org
They might have Homesteaded the land. In that case it was free from the government.
And they have gotten a new cost basis most likely exempting any capital gains tax from being collected on property that appreciated in value that was originally free. And that Free 160 acres might have financed the purchase of additional farmland. Plus factor in all the Government Agriculture Subsidy Payments over the years.
Farmers with thousands of acres of farmland have utilized government programs and payments to purchase that land in almost all cases.
How about paying CEO’s at a ratio of 40:1 rather than 351:1.
CEO pay raises commensurate with increases given to general workers. Would be better for worker morale as well.
And they probably leveraged that money to buy new John Deere equipment for which John Deere is making money for which the UAW employees are getting a raise...
Basis will be whatever land value is when the Landowner dies. New Cost Basis at market value. Depending on size of Estate, it will likely be all tax free.
And they probably leveraged that money to buy new John Deere equipment for which John Deere is making money for which the UAW employees are getting a raise...
Those continually driving new equipment generally go broke. Lose everything. New equipment costs can make you broke. You need good equipment, not new equipment.
But you have an asset that holds its value and if rented out could make a good amount of money over time. Do you plan to just sell to the highest bid you can get or possibly make a deal with a smaller guy / person wanting to buy land for the first time? Most people just see $$$ but its not always about getting an extra 2k-3k an acre.
I guess each person has a different outlook on this type of thing.
There is talk about a new rule that would put the basis at the purchase price rather than the value when inherited. Depending on the details, Curt might be liable for $8300/acre in capital gains when he inherits it.
So who is buying all the new equipment that the UAW employees are making?
