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The Tax Reform Act of 1986: Its Impact on Pennsylvania Farmers
Published online by Cambridge University Press: 10 May 2017
Abstract
The Tax Reform Act of 1986 was studied to determine its short-run impact on Pennsylvania farmers. For the 3,059 farms studied, the average increase in total tax obligation resulting from the TRA of 1986 was $446 per farm, or a 48 percent increase in federal income taxes actually paid in 1984. Differences in impact were found across farms categorized by commodity type. Egg producers were most severely impacted, while beef cattle producers least affected. In general, the increase in adjusted gross income was due to the loss of 60 percent exclusion on capital gain income.
- Type
- Articles
- Information
- Northeastern Journal of Agricultural and Resource Economics , Volume 16 , Issue 2 , October 1987 , pp. 84 - 92
- Copyright
- Copyright © 1987 Northeastern Agricultural and Resource Economics Association
Footnotes
Seniority of authorship is not assigned. Journal Series Article No. 7735 of the Pennsylvania Agricultural Experiment Station.
References
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