Property Taxes Are For Parasites: Billionaires Use The “Fake Farm Loophole” To Not Pay Any…

http://exiledonline.com/property-taxes-are-for-parasites-billionaires-use-the-fake-farm-loophole-to-not-pay-any/

Many states expanded the definition of “agricultural land” beyond land that was farmed to land that simply had not yet been developed. In South Carolina, all it takes is five acres of trees to qualify for a tax exemption. New Jersey requires that a landowner have five acres, but also sell $500 of agricultural goods a year from their farm. Steve Forbes and his wife, Sabrina, qualify for their exemption by breeding show cows on their 450-acre Bedminster estate. “You don’t make money selling hamburger meat. You make money breeding show cows; that’s the name of the game,” Forbes told Fortune magazine in 1996. Florida requires a couple of cows or a herd of goats, which don’t have to be on the property all the time. Texan law is so broadly defined that the PGA Tour golf resort in San Antonio has been trying get recognized as a “nature preserve” to get a farm tax break.