jcago Yards
(prom P a ® e 2)
stock steers 31.50
few good 535 lb.
'n’o 75, two loads of
and good 575 lbs
“ good 700-775 lb.
te ' ers 26 25-28.00, load-
for
IMU
OWTH
fl t LESS COST
PIONEER
Calf
Joseph M. Good & Sons
LEOLA QUARRYVILLE
FARM BUREAU
Seeds Grow Better
key ere adapted, tested anc
«o/ed tor h'gher germinatior
■ •higher yields.
ORDER
YOUR
FALL FIELD
SEEDS
FROM
Farm Bureau
and SAVE!
Clovers
Alfalfa's
fye & other grasses
Timothy
Wheat
Barley
Oats
hc. CO a
A*
bcmeaster Farming, Saturday, September 5, 1959—5
Pays To Incorporate Some Family Farms
It
lots
1925
good and choice 800- ■
'lb feeding steers 26 00
Starter.
Here’s a. feed especially formulated
to get calves eating from the
first day 0n... assuring maximum
growth. Highly palatable! Highly
fortified with vitamins and minerals,’
No fines! No waste! Calves eat
all you buy! Ask about PIONEER
CALF STARTER next time
you’re in town.
SAVE ON TIMELY
FALL ITEMS
...At Farm Bureau!
BiG PRE-SEASON DISCOUNT
until October ITt 1,
Sale Savings Apply
to Truck, Tractor, Implement & Passenger Tires.
Operators of family farms may find they can realize nership, however, the farm
sizable tax savings by adopting a hybrid type of fiscal er and his wife would pay
management for their farm business-operating as a cor- onlyf£74 “ e
poracion but paying taxes as a partnership. ta * oa > !
Federal income tax laws shares of the corporations ne «r>j^ s Ul^ e partnership ep
now permit certain small current taxable income, in ’ this case would make
corporations—both farm and income, whether distributed po § S ible to cut total In
nonfarm—to elect to be tax- or not. c J e taxes almost in half,
ed as partnerships while re- This income thus becomes - £ re g enu ,me advan
taining all ihe advantages of exempt from the corporate t ageS) 0 f course, in the cor
incorporation. tax and subject only to per- pQ rate management of a i a-
A USD A study shows the sonal income tax. mlly farm But until these
dual status enables large tax Consequently, there would g ains may no t have been
savings for many small farm be an overall tax break for strong enough to sway many
corporations that otherwise incorporated farms because SQ j e proprietors and pgrt
could not avoid double tax- the tax rate on shareholder
ation on their net returns —a income should be lower than Eliminating double taxa
tax on income of the corpor- the rate on that amount of tip n of corporate income
ation and a further tax on corporate income. may well convince some far
the same income when distri- Example Compares Two mers- to take another look at
buted as dividends to share- Setups incorporation as a means of
holders. The size of the tax saving efficient farm management
This hybrid tax status is
open to most U. S (domes
tic) corporations that issue
only one class stock and have
no more than 10 sharehold
ers.
Shareholders must be U S
residents, and the consent of
all is needed before a part
nership tax status can be
adopted by their corporation
ARS farm economists, in
studying the advantages of
this dual t>pe of manage
ment, cite the considerable
tax savings that are possible
with the partnership tax op
tion.
The option allows share
holders to assume the Tax
obligation on their respective
UNICO PERMANENT
UNICO METHANOL
YOU SAVE
1 A/. PER GALLON
IUC oN METHANOL
OC-PER GALLON
6iK3N permanent
A . *
BIG
SAVINGS
PRE-WINTER
TIRE SALE
OWNED and CONTROLLED
by Lancaster County FARMERS
Hybrid Tax
.85 per gal,
79* per gal.
during
'34
- "p* ~ —— r - a
is clearly shown by checking
how a farmer and his wife
who are sole shareholders of
an incorporated farm would
fare, taxwise, with and with
out the option. •>
If they should net $30,000
the corporate tax would be
$lO,lOO
The individual income 'tax
on the remainder of the $30,-
000 distributed as dividends
would be $4,161 (assuming
no additional income or ex
emption, and a 10-yeroent al
lowance for nonbusiness de
ductions).
So the couple’s combined
corporate and individual in-,
come tax would total $14,-
361.
Rotation grazing results in
more growth of good forage
by keeping animals on pne
pasture for about a week
and then resting four to five
weeks. Farmers repeat graz-
Partnership Option ing only after food reserves
Saves Tax in roots have been restored
If the corporation should by an eignt to ten inch top
elect to be taxed as a 'part- growth.
Whatever your dairy feeding program, you can
use new Wayne 32% Dairy Krums to good ad
vantage. Just balance this .blend of high quality
proteins, vitamins and minerals with the nutrients
in your own farm grains. Select the protein level
that is right tor the roughage used. Each cow
will produce milk at her full bred-in milking power.
And, the texture of ground and mixed rations is
Improved. Ask us for details.
To Help Your Dairy
STAY OUT IN FRONT
H. M. STAUFFER & SON'S, Inc.
Witmer - Ronks - Leola, Pa.
MILLERSVILLE SUPPLY CO.
Millersville, Pa.
ABERDEEN MILLS SUNSHINE FARM SUPPLY
i R.D. 2, Elizabethtown, Pa.
ROHRER'S MILL
R. D. 1, Ronks, Pa.
- - V—~o, ■*s
COLOR IN' FLOOR
COVERINGS
In choosing floor cover
ings, keep in mind that dark
color values show dust and
footprints, and light values
show soil, states Miss Dor
othy C. O’Donnell, Penn
State home furnishings ex
tension specialist. Medium
vah.es in most colors are
practical choices for floor
co\ ermgs
Herd
ROSS C. ULRICH. JR.
R.D. 2, Peach Bottom, Pa.
Lilitz, Pa.
LIME VALLEY MILLS
R.D. 1, Willow Streel, P*>