Wautoma, WI
Current Conditions
0:23 AM CST
Partly Cloudy
Temperature
19°F
Dew Point
18°F
Humidity
93%
Wind
CM at 0 mph
Barometer
30.22 in. F
Visibility
8.00 mi.
Sunrise
07:06 a.m.
Sunset
04:22 p.m.
Afternoon Forecast (12:00pm-7:00pm)
Temperatures will range from 23 to 29 degrees with partly cloudy skies. Winds will remain steady around 6 miles per hour from the north. No precipitation is expected.
7-Day Forecast
Wednesday
29°F / 19°F
Partly Cloudy
Thursday
24°F / 13°F
Partly Cloudy
Friday
34°F / 19°F
Mostly Cloudy
Saturday
35°F / 22°F
Mostly Cloudy
Sunday
34°F / 6°F
Cloudy
Monday
14°F / 2°F
Sunny
Tuesday
30°F / 10°F
Cloudy
Detailed Short Term Forecast
Issued at 0:23 AM CST
Wednesday...Temperatures will range from a high of 29 to a low of 19 degrees with partly cloudy skies. Winds will range between 3 and 15 miles per hour from the westnorthwest. No precipitation is expected.
This Evening ...Temperatures will range from 22 to 26 degrees with mostly cloudy skies. Winds will range between 3 and 8 miles per hour from the northwest. No precipitation is expected.
Overnight ...Temperatures will range from 26 to 19 degrees with partly cloudy skies. Winds will range between 11 and 15 miles per hour from the northwest. No precipitation is expected.
Thursday...Temperatures will range from a high of 24 to a low of 13 degrees with partly cloudy skies. Winds will range between 2 and 13 miles per hour from the northwest. Less than 1 inch of snow is possible.

New taxes burdensome

for farm families

April 11, 2013 | 0 comments

New Medicare taxes, the health insurance tax and penalties for failure to meet coverage requirements will harm the nation's farm and ranch families, the American Farm Bureau Federation told Congress recently.

The new Medicare Contribution Tax, which is a tax on unearned income such as capital gains, will burden farmers and ranchers more than many other taxpayers because farming and ranching is a capital-intensive business, AFBF noted in a statement submitted to the House Subcommittee on Oversight of the Ways and Means Committee.

Further, the imposition of the Medicare Contribution Tax when a farm or ranch is sold amounts to a "retirement tax" on agricultural producers because it will go into effect when farmers sell their businesses to fund retirement.

Beginning farmers could be affected as well, as adding this tax on top of capital gains taxes will make it more difficult for them to acquire land needed to get started in business.

Farm Bureau supports repeal of the 3.8 percent Medicare Contribution Tax that will be applied to "unearned" income of so-called high-income taxpayers and the new 0.9 percent Medicare tax that will be imposed on wages and self-employment income above established thresholds for high-income individuals.

Farm Bureau also supports legislation to repeal the Health Insurance Tax as it will raise insurance costs, making it harder for farmers and ranchers to purchase coverage for themselves, their families and their employees.

In addition, the health insurance coverage mandate accompanied by the threat of a tax penalty for noncompliance is only making the situation worse for people unable to afford health care coverage in the first place, according to AFBF.

"Rural American families already pay a greater percentage of their after-tax family income on health insurance than urban American families," noted AFBF. According to the Council of Economic Advisors, nearly one-quarter of families in rural areas spend more than 10 percent of their income on health insurance coverage, compared with 18 percent in urban areas.

Protecting farmers' and ranchers' interests in debates on tax reform is a priority included in AFBF's strategic action plan for 2013.

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