FARM TAXES IN MAh'SACHUSETTS 



113 



Table 14.— Relation of Taxes to Farm Inconie,a 1920-1923 



Year Littleton Boxboro Sheffield Total 



Number of farms 



Average farm income 

 before deducting taxes 



Average taxes 



Ratio of taxes to farm 

 income (per cent) 



a Farm income includes returns to the operator for wages and management, and the 

 interest on his investment. 



years, the average percentages varying from less tlian 10 per cent in 1923 to 

 nearly 24 per cent in 1921. The diflferences between towns also illustrate the 

 effect of different types of farming on the ratio of taxes to income. The year 

 1921 was a poor fruit year for Littleton and Boxboro, farm incomes were low, 

 and consequently taxes took over one-third of income. Sheffield is a dairy 

 town and there was only a slight increase in the percentage of farm income 

 going to taxes in 1921. 



Table 15. — Relation of Farm Taxes to Farm Income a for Selected Farms in 

 the L^nited States, by Geographic Divisions, 1923 and 1924 



S. D. A. Yearbook, 1924, Page 268. 



'Farm income'' represents net business receipts, plus or minus change in inven- 

 tories for the year. Farm income is not the same thing as reported under the 

 provisions of the Federal income tax law. 



