IDEAS home Printed from https://ideas.repec.org/p/ags/uersab/33627.html
   My bibliography  Save this paper

How Will the Phaseout of Federal Estate Taxes Affect Farmers?

Author

Listed:
  • Durst, Ron L.
  • Monke, James D.
  • Maxwell, Douglas L.

Abstract

Concern among policymakers that the Federal estate tax might force the liquidation of some family farms has resulted in the enactment of a variety of special provisions over the years. Providing relief to farmers and other small business owners was the primary impetus for the 1997 changes to Federal estate and gift tax policies and a major objective of the 2001 law that will phase out and eventually repeal the Federal estate tax. While only about 4 percent of all farm estates owe Federal estate taxes, a much larger percentage of farm estates must file an estate tax return, make use of special farm provisions, alter their business practices, or engage in costly estate planning in order to reduce the impact of the estate tax on their farm business. Thus, the phase-out and repeal of the Federal estate tax will affect a much broader group of farmers than just those who owe tax.

Suggested Citation

  • Durst, Ron L. & Monke, James D. & Maxwell, Douglas L., 2002. "How Will the Phaseout of Federal Estate Taxes Affect Farmers?," Agricultural Information Bulletins 33627, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersab:33627
    DOI: 10.22004/ag.econ.33627
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/33627/files/ai027512.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.33627?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Durst, Ron L., 2004. "Federal Tax Policy And Farmers: A Current Perspective And Outlook," Agricultural Outlook Forum 2004 33046, United States Department of Agriculture, Agricultural Outlook Forum.

    More about this item

    Keywords

    Agricultural Finance; Public Economics;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:uersab:33627. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ersgvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.