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farm partnerships.
Parsons expained that beginning with the taxable year 1956, a self-employed farmer whose gross farm income is not more than $K800, may use his actual net or 2-3 of his gross farm income. If his gross farm income is more than $1,800, but his net farm income is less than $1,200, he may use either his net or $1,200: If his net farm earnings are $1,200 or more, he must use the amount
64.1%