what are the best states to be in tax wise when it comes to farm income.
I have no experience elsewhere. we have a tax id number that we use to avoid paying sales tax on anything for the farm and must fill out some extra paperwork of course while filing income taxes but dealing with taxes related to the farm seems relatively simple here in oklahoma. we do have to pay state income tax here which is a bummer.
Washington state has sales tax (and excise / business and occupation taxes) and property taxes, though no state income tax.
Some claim it would be more equitable to have state income tax instead of sales tax here, and generally, I've heard our state's taxes are pretty high.
I guess the offset in Western Washington is that the economy and jobs are faring better than many, many other places. Or, conversely, it might not matter so much if you have low taxes if no one has any money to buy your farm products.
I don't know the tax rules in many other states. Is it Montana that has no sales tax and no income tax?