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corporate farm

Owned by Dennis Daggett (Deactivated)
2018-02-16
1 min read

A form of farm ownership which is a separate legal entity from the owners of the farm. Changes in the tax law in the 1970s encouraged the incorporation of farms as corporate tax rates declined while individual tax rates rose, mainly because of inflation.

Authorization Path: 2.5.7.2.27.0

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