Farmers Hurt Themselves Financially to Avoid Paying Taxes

gonzoflip 1 hour ago | unvote [-] I have family that farms in Iowa and I also worked in the agriculture industry there for a while after leaving the military. One thing that increases the stress on the farmers is the way they avoid income taxes at all costs so they rarely save any of the profits from good years to help them float during the bad years. This is all anecdotal but I have personally talked with several farmers that would rather buy new equipment they say do not even need than pay...

 L Peter Deutsch on Software as a Capital Asset Versus Exp...

The problem being the old saying in the business: "fast, cheap, good—pick any two." If you build things fast and I you have some way of building them inexpensively, it's very unlikely that they're going to be good. But this s|s school of thought says you shouldn't expect software to last. I think behind this perhaps is a mindset of software as expense vs. software as capital asset. I'm very much in the software-as-capital-asset school. When I was working at ParcPlace and Adele Goldberg was...