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Federal Tax Policies and Farm Households
| Content Provider | AgEcon Search |
|---|---|
| Author | Durst, Ron L. |
| Abstract | Significant changes in Federal individual income and estate tax policies have occurredover the last 10 years. Analysis suggests that changes in Federal tax provisions affecting both individual and business income taxes have reduced average tax rates for all farm households, resulting in the lowest tax burden on farm income and investment in a decade. Similarly, an analysis of the changes to Federal estate tax policies suggests that increases in the value of property that can be transferred to the next generation free of the estate tax, combined with special provisions for farmers and other small businesses, have greatly reduced the number of farm estates subject to the tax and the amount owed. While nearly 10 percent of commercial farm estates could owe tax in 2009, only 1 to 2 percent of all farm estates are estimated to be subject to the Federal estate tax this year. |
| Related Links | https://ageconsearch.umn.edu/record/58619/files/EIB54.pdf |
| Page Count | 20 |
| File Format | |
| DOI | 10.22004/ag.econ.58619 |
| Language | English |
| Publisher Date | 2009-01-01 |
| Access Restriction | Open |
| Subject Keyword | Applied Economics Agricultural Economics Agri-economic Open Access Database Research in Applied Economics Research in Agricultural Economics Higher Study On Agricultural Economics Higher Study On Applied Economics Agricultural Research Documents Agrarian Economy & Research Higher Study Agri-economics Research in Economics Agri-economic Open Access Repository Statistics in Agricultural Economics Income Tax, Estate Tax, Tax Rates, Estate, Federal Tax Policy, Farm Losses, Commercial Farms Income Tax Estate Tax Tax Rates Estate Federal Tax Policy Farm Losses Commercial Farms Farm Management |
| Content Type | Text |
| Resource Type | Report |
| Subject | Economics, Econometrics and Finance |
