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The Estate Tax Provision Of The 1981 Economic Recovery Tax Act: Which Farmers Benefit?

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  • Lowenberg-DeBoer, James
  • Boehlje, Michael

Abstract

This analysis used simulation to compare the cost of intergenerational transfer of farm estates under the pre-1981 tax rules and the Economic Recovery Tax Act of 1981 (ERTA) provisions. ERTA reduces transfer costs for almost all the estates considered. Large estimates tend to benefit more than small estates if they qualify for use valuation or it they are large enough to be affected by the reduction in tax rates. ERTA does not create new forces for change in U.S. agriculture, but it tends to strengthen the tendency toward larger farm size and favor those who already own farm resources.

Suggested Citation

  • Lowenberg-DeBoer, James & Boehlje, Michael, 1985. "The Estate Tax Provision Of The 1981 Economic Recovery Tax Act: Which Farmers Benefit?," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 17(2), pages 1-10, December.
    • Handle: RePEc:ags:sojoae:29988
    DOI: 10.22004/ag.econ.29988
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    File URL: https://ageconsearch.umn.edu/record/29988/files/17020077.pdf
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    References listed on IDEAS

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    1. Johnson, Sandra L., 1982. "The impact of the Economic Recovery Tax Act of 1981 on the intergenerational transfer of farm estates," ISU General Staff Papers 1982010108000017435, Iowa State University, Department of Economics.
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    Cited by:

    1. Colyer, Dale, 2004. "Land, Land Use and Competitiveness," Working Papers 19099, West Virginia University, Department of Agricultural Resource Economics.

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    Political Economy;

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