Principal Financial-Remote work
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I feel like some people just fill up their days with meetings to make it look like they are “so busy”. But they are the ones always setting up the meetings or suggesting a need for a meeting.
Getting rid of taxes on retirement income was big for some relatives of mine. Illinois doesn't tax it either so Iowa getting rid of it was helpful to them.
I'm not sure how well publicized this is, but cash rent paid to Iowa landowners over the age of 65 is also not taxed for iowa income. This is the first year.
The land owners have to be retired, not run anything as a corporation, and give up the capital gains exemption to get this. They also have to have owned/farmed the land for 10 years.
So the majority of 65+ retired farmers in Iowa that have no succession plan. They were never going to have to deal with capital gains anyways as their plans are rent it out until they die and let the kids deal with capital gains.
This tax break applies to a large number. I can think of at least 6 that would qualify for this just from fields across the fence from our own.
The stuff I researched said it was a small group. Most farmers now use a corporation to run their grain production through. Very few don’t have or did not have even an LLC that they used.
Ah got it. So if there was ever an LLC attached to the operation and not necessarily what owned the land they are disqualified? That would make it a small group then.
That isn't exactly how it works. I will post later on some of the specifics, got a full day ahead before I'll have time.
And I won't be guessing.
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In the 10 year period before retirement is what im guessing. Thinking because at that point, the farmer will need to sell equipment, livestock facilities and other stuff. The way equipment and structures are going, let alone getting recaptured depreciation, there are most likely capital gains also.
Thanks. I’m just more curious than anything. Will never qualify for it nor care to farm anything that does qualify for it. We purchased the last piece of ground we were renting 6 years ago and haven’t rented since. Plan has been and will continue to be only grow through land purchases.
Businesses are pressuring Target to force its employees to return to the office — and it's more evidence that companies can't win in the remote work wars
Target is letting employees work remotely indefinitely, but small businesses in Minneapolis say it's hurting them.
www.businessinsider.com
Businesses are pressuring Target to force its employees to return to the office — and it's more evidence that companies can't win in the remote work wars
Target is letting employees work remotely indefinitely, but small businesses in Minneapolis say it's hurting them.
This is just.........asinine. Sounds like the free market at work bud. Adapt or die.
I will get crushed for this, but I'm actually bullish on the future for many American cities.
Yes things are tough right now, but cities always have a way of reinventing themselves.
I could definitely see owners of empty buildings giving cut-rate deals for employers, who in turn require their employees to be on site 5 days/wk (and pay them to do so), and then you'll get better retail/restaurants/activity back better than ever. The crime is scary/problematic, but the people "afraid" today are the people who've always been "afraid."
I'm optimistic, because all these issues are the same issues that have been around forever, and society always powers through.
Yes things are tough right now, but cities always have a way of reinventing themselves.
I could definitely see owners of empty buildings giving cut-rate deals for employers, who in turn require their employees to be on site 5 days/wk (and pay them to do so), and then you'll get better retail/restaurants/activity back better than ever. The crime is scary/problematic, but the people "afraid" today are the people who've always been "afraid."
I'm optimistic, because all these issues are the same issues that have been around forever, and society always powers through.
Bumping this ... hearing some "buzz" that this might be backed off on a bit (for at least some roles) in part due to severe backlash. Nothing firm.
A good number of these businesses that rely on business foot traffic are used to having it relatively easy without having to do as much marketing to get business.
Reminds me how some businesses were complaining even pre-covid here in DSM about downtown traffic, blaming anything but themselves. I remember pulling up their social feeds (which is the bare minimum a business can do to put themselves in people's minds) at the time and seeing almost no effort to market themselves. Like one post a week if that. I pull up this business owner's restaurant in minneapolis and see the same thing- weeks between posts.
Target is expected to de facto subsidize the restaurants even if they have to sacrifice worker satisfaction?
And they're "done waiting". Is this a threat?
"David Fhima, who owns two restaurants in downtown Minneapolis, told the Journal. "We're done waiting. We're calling on Target: Do your part, please."
Agreed on the foot traffic, but don’t forget that these businesses probably also have easier hours of operations vs suburbs. All they have to do is be open before people start arriving for work, and then close when everyone leaves; they’re home for dinner every weekday. I remember when I did an internship in Des Moines in 2009 that the Burger King extended their hours for closing from 5 to 6 pm close. I’m sure the small mom and pop shops do the same.
But businesses that wait for something to happen eventually die off to those who innovate or change to the market demands. What these owners should really be pushing for is more permanent housing, and not just rentals, push for condos.
