Dominic Vitucci

speaker

755 appearances 2 recordings 1 series first heard Feb 2026 last heard 24 Feb

Dominic Vitucci’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 2 in all, peaking in Feb 2026 with 2.

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That's probably a good starting point.

Yeah, so your Schedule F, when you go out and you buy a bunch of fertilizer, that's a $100,000 deduction.

And say you're in the 22% tax rate, that's saving you $22,000.

If you've got a $100,000 credit, that is saving you $100,000, whether you use it now.

And here's the most important part for ag because we're cash basis.

Sometimes we double crop.

Sometimes we're prepaid, deferrals, different things like that.

Okay, $100,000 credit.

First thing I'd say if I'm listening to this is I don't pay $100,000 a year in taxes.

You don't have to.

What you do is, one, you can offset tax all the way back to when corn was $7.25 right now.

You can go back to $21 currently.

The second thing with that is each year after you can offset it and it has a 20-year carry forward.

But think of it this way.

How many guys pay money to the bank every single year they're paying interest because they don't want to pay money to the government?

I mean, I can't tell you how many guys I talk to that say, I know how to spend my money better than the government does.

I'm sure you do, but unfortunately you're paying to the bank because you're just spending like crazy so you can avoid tax bill.

If you've got $20,000 for the tax credits, you can free up $85,000, $90,000 for the cash flow.

Okay.

I'm okay, so...

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