MattJK
Member
First, I'll admit I may be flirting with politics or being off topic so I will understand if this post disappears....
It's pretty clear to me as an American and Illinoisan that taxes will rise, and that those perceived to have wealth are in for a rough ride. Most of us here will be perceived as wealthy.
My crystal ball says property taxes will rise, so I'm reluctant to invest in real estate or add taxable structures. I suspect rec land taxes will jump more than ag. So, I'd look for land where a tax jump is priced in, or something biased to ag.
With cash or stocks/dividends subject to taxation or confiscation, I'm a bit leery of what to hold, although there are good buying opportunities.
Does this make for a good time to invest in equipment? Obviously a poor economy will limit the potential contracting or rental income, but equipment seems rather hard to tax or confiscate even if found or declared.
Perhaps I just want a 299 and a no till drill. Curious what the rest of you think, not politically per se, but about how to manage assets to continue improving habitat and living the lives we cherish.
Any of you changing your strategy or allocation of assets?
It's pretty clear to me as an American and Illinoisan that taxes will rise, and that those perceived to have wealth are in for a rough ride. Most of us here will be perceived as wealthy.
My crystal ball says property taxes will rise, so I'm reluctant to invest in real estate or add taxable structures. I suspect rec land taxes will jump more than ag. So, I'd look for land where a tax jump is priced in, or something biased to ag.
With cash or stocks/dividends subject to taxation or confiscation, I'm a bit leery of what to hold, although there are good buying opportunities.
Does this make for a good time to invest in equipment? Obviously a poor economy will limit the potential contracting or rental income, but equipment seems rather hard to tax or confiscate even if found or declared.
Perhaps I just want a 299 and a no till drill. Curious what the rest of you think, not politically per se, but about how to manage assets to continue improving habitat and living the lives we cherish.
Any of you changing your strategy or allocation of assets?