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Resource ID: #21473
Subject: Taxes
Source: Dallas Morning News
Date: 2022-12-08


An extensive investigation by the Dallas Morning News reveals how big corporations use agricultural tax breaks, which were intended to help farmers, for their own benefit. These companies found loopholes which allowed them to set up their own farms or maintain their own herds of cattle in order to receive huge agricultural tax exemptions. These exemptions can reduce a company's tax bill from $240,000 per year to $300 per year. The article goes on to mention that the biggest sufferers of these breaks are the school districts which rely on these taxes for revenue, losing upwards of $169 milllion.

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