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How to Cut Your Taxes by $60,000 a Year: Buy Four Donkeys

Written by Gary North on March 26, 2012

There is a Congressman from New Jersey who is worth $7,000,000, and who gets a tax break on his land that is worth at least $200,000 a year. He avoid the tax by the presence of four donkeys.

He pays $61,000 a year in property taxes for three acres and his home. He pays $120 a year in taxes for 20 acres to provide living space for four four donkeys.

He calls the 20 acres a farm. It gets tax breaks. Big tax breaks.

The Congressman bought his property for about $1,000,000 in 2000.

To qualify for a New Jersey farmland assessment, a resident must own a minimum of five acres of arable land and generate at least $500 in income from agricultural products or livestock. . . .

Runyan almost lost the farmland tax break in January 2009 after Mount Laurel informed him that keeping a single donkey on his property was not sufficient to qualify his acreage as farmland.

A year later, Runyan reported keeping four donkeys and retained the tax break.

Runyan said his plan has always been to breed donkeys, an interest he developed through another breeder. Although Runyan does not use the donkeys for any agricultural purpose himself, they make good companion animals for horses and can fetch between $400 and $1,500 apiece, he said.

Let’s see. Those four donkeys are worth what? Maybe $60,000 a year in taxes?

Do they make money? No.

Instead, Runyan has met the $500 minimum requirement to keep his tax break by selling firewood. In 2010, he sold eight cords for $920, according to township records. In 2011, he sold six cords for $690.

If you ask me, the real jackasses are the taxpayers of New Jersey, who let local governments impose $60,000 a year in property taxes for a million-dollar property.

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14 thoughts on “How to Cut Your Taxes by $60,000 a Year: Buy Four Donkeys

  1. CrustyOldGeezer says:

    Personally there should be ZERO 'property tax'.

    ALL TAXES should be up front and paid DIRECTLY BY THE TAXPAYER so they have first hand knowledge of how much government actually costs them each month.

    That way they can VOTE as a responsible informed voter instead of a braindead, follow the leader, 'who promises me more', clown without a clue.

  2. wILLIAM 1 says:

    SO IF I GET 4 DEMOCRATS (DONKEYS-ASSES) TO FEED ON MY ACRES I GET A $60,000 TAX BREAK-WONDERFUL I LOVE AMERICA!

  3. Larry LaBossiere says:

    This is exactly the point of complicated tax systems. Tax lawyers can find all the stupid loop holes and thousands of people don't pay their share of taxes. Then the American Welfare System and free health care is added in on top of that an guess who gets to pay the bills. The Middle Class and to here the Democrats political speeches they want you to believe they are trying to save you. Good Luck with that. Neither party does much more then fill their own pockets!!

  4. Same thing here, though your 'farm' has to generate revenue of $1,000 annually.

    One friend sells hay & goats to meet that minimum.

    It lets him control a farm of 50 acres, while only paying taxes on his farmhouse, not any farm buildings or equipment.

    Technically here it is a deferment (if you sell to a developer back taxes are recaptured), bet NJ is the same.

  5. Is he relaited to springsteen ???!!!! He does the same thing as springsteen !!!!!

  6. Fair share tax paying is "EVERYONE (NOTE: EVERYONE) PAYS"

  7. Paul Stanley says:

    I have been very impressed with the ‘Fair Tax’ proposal. This would resolve a lot of the tax problems. Presidential candidate, Herman Cain, has a very similar plan title ‘999’. There would be a huge cost savings if we eliminated the Federal Income Tax!

  8. http://www.petition2congress.c

    Go to this website and sign the petition to vet Obama and check into his eligibility to be president. Send this to everybody on your mailing list. Ask them to do the same. We need all the signatures we can get.

  9. just sayin' says:

    The real jackasses believe that it was his intent to breed donkeys when for the first 8 years he only had one donkey. How was he breeding them, hmmmmm? Sounds like something a politician would do!

  10. just sayin' says:

    Would Michele Obama count as two asses?

  11. wabcoalex says:

    I SEE NO PROBLEM HERE. HE TAKES A LEGAL DEDUCTION. HE PAYS TO UP-KEEP A LARGE AMIMAL THAT EATS MORE THAN A SMALL CHILD, AND REQUIRES A VET TO MAINTAIN HIM. IF YOU'RE JEALOUS OF THAT, HAVE A LOCAL DEMOCRAT CHEW YOUR GRASS AND TAKE THE SAME DEDUCTION!

  12. wabcoalex says:

    IF YOU THINK THAT HAVING A LARGE ANIMAL IS CHEEP OR EASY – YOU'RE NOT VERY SMART!!!
    TRY IT SOMETIME!

  13. Ahhh- BUT The first question to ask yourself is —What is "INCOME"??? and after you find the answer to that –the real truthful from the supreme Court ,not what "they" told you it is–supreme Court- online- Doyle V. Mitchell 247 U.S. 179 (1921) "…We must reject …the broad contention submitted on behalf of the Government that all receipts, everything that comes in is income within the proper definition of gross income…" ; Lucas v. Earl 281 U.S. 111 "… It is to be noted that by the language of the Act, it is not 'salaries, wages or compensation for personal services that are to be included in gross income '. That which is to be included is 'gains, profits and income derived from salaries, wages or compensation for personal services'." -So as a plain old AMERICAN CITIZEN that went to the old public schools where they actually made you learn things and look things up in encyclopedias or in the Library – no internet back then–as I personally understand it working for 8 hrs and getting paid for those 8hrs = 0 profit which = 0 income???-And Then, Do I make "INCOME" and Then type in W-4 and it takes you to 31.3402 ( employment tax- Since when did I work for the federal government???) and all I see is Voluntary payment for this , Voluntary payment for that — And then read –President Reagan's Grace commission report– it seems NONE of this "Tax" goes to Government programs –it seems to ALL go to the Federal Reserve for "interest payments" and "transfer payments"

  14. Scott Todd says:

    LOTS of leftist rock stars and celebrities doing the same thing, so don't look for this to change anytime soon.