Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 5 · column 5 of 6 · from the scan, no model involved
By SANDRA RICHARDSON Extension Agent Farmers may still have time to reduce the taxes owed in 1987. Law changes in the Tax Reform Act of 1986 can cause taxes to increase if nothing is done. Farmers and individuals who have lost the following items could have increases in their taxes: Elimination of the 60 percent exclusion on capital gain transactions. Repeal of income averaging. Repeal of the two-wage earner deduction. Loss of sales tax as an itemized deduction. Partial loss of consumer interest as an itemized deduction. Loss in investment credit. Slowdown in depreciation for many assets because of the lengthening of the recovery period. Possibility of less depreciation in 1987 because of rules that Hmit de-*~ preciation when more than 40 percent of the assets are purchased in the last quarter of the year. Farm
92.7%