The Miami Herald reports on U.S. Senator Bill Nelson’s use of tax laws to save a lot of cash. He lets a few cows graze on his property and suddenly he’s a farmer. The land is valued at $2.7 million but instead, an agricultural value of $210,000 is used and his tax bill drops from about $47,000 to $3,700. Of course it’s perfectly legal, although it rankles some people since Nelson neither lives there nor does he own the cows:
U.S. Sen. Bill Nelson has been many things over the years. State legislator. Congressman. Astronaut. Insurance commissioner.
In Brevard County, he is a gentleman farmer.