In addition to the income he generates from From farm his professional activity on the farm? a farmer has in most cases other financial resources. Firstly? on an individual basis? he can receive a salary from another activity (30% of farmers are in this case)? income from assets (rents in the case where he owns land rented to another farm)? or even retirement pensions (some elderly farmers receive a pension while continuing their activity).
In addition? the usual level of observation From farm and study of income is often that of the household? i.e. all the people living in the same dwelling. Farmers may live alone or with other people? spouse? children or other dependents? some of whom also have individual incomes (wages? pensions? etc.).
Furthermore? the household itself has resources linked
Its composition and to the incomes of all its members macedonia phone number library such as social benefits (for example family benefits or social minima).
It is therefore at the household level that disposable income is the report said that despite measured? i.e. all income from work? pensions and income from assets (property or financial) of all members of the household? social benefits received by this household? and reduced by direct taxes (in particular income tax).
For employees? the earned income taken into account to agb directory calculate the household’s disposable income is the wages received? net of social security contributions.
Farmers? like all self-employed people
Do not receive the equivalent of a regular salary. By convention? which is the one used by the tax authorities (for all self-employed people)? the accounting result of the operation is considered to be the measure of the farmer’s earned income and must therefore be declared for the purpose of calculating income tax (and the farmer’s social security contributions). We then speak of agricultural profits ? which therefore constitute the contribution of the farmer’s earned income to his household’s disposable income from a tax point of view (figure 3) .