The Tax Implications of the American Families Plan on Iowa Farmland Owners
dc.contributor.author | Tidgren, Kristine | |
dc.contributor.author | Zhang, Wendong | |
dc.contributor.author | Zhang, Wendong | |
dc.contributor.department | Center for Agricultural and Rural Development | |
dc.date | 2021-08-25T13:51:06.000 | |
dc.date.accessioned | 2021-09-09T16:24:24Z | |
dc.date.available | 2021-09-09T16:24:24Z | |
dc.date.copyright | Fri Jan 01 00:00:00 UTC 2021 | |
dc.date.embargo | 2021-08-25 | |
dc.date.issued | 2021-08-01 | |
dc.description.abstract | <p>President Biden proposed the American Families Plan (AFP) on April 28, 2021, to provide new social programs to millions of Americans. To pay for this $1.8 trillion benefits package, the AFP proposes significantly changing the way capital gain is taxed. The Administration has explained that “reforms to the taxation of capital gains and qualified dividends will reduce economic disparities among Americans and raise needed revenue.” Specifically, the AFP proposes increasing the top marginal tax rate, taxing some capital gain at ordinary income tax rates, and subjecting more gain to the 3.8% Medicare tax. The AFP would thus boost the top federal rate at which some capital gain is taxed to 43.4% in 2022 and beyond.</p> | |
dc.identifier | archive/lib.dr.iastate.edu/card_policybriefs/33/ | |
dc.identifier.articleid | 1032 | |
dc.identifier.contextkey | 24486757 | |
dc.identifier.s3bucket | isulib-bepress-aws-west | |
dc.identifier.submissionpath | card_policybriefs/33 | |
dc.identifier.uri | https://dr.lib.iastate.edu/handle/20.500.12876/7wbOxQYv | |
dc.source.bitstream | archive/lib.dr.iastate.edu/card_policybriefs/33/2021_Zhang_TaxImplicationsPB.pdf|||Fri Jan 14 23:38:30 UTC 2022 | |
dc.subject.disciplines | Agricultural and Resource Economics | |
dc.subject.disciplines | Taxation-Federal | |
dc.subject.disciplines | Taxation-Federal Estate and Gift | |
dc.title | The Tax Implications of the American Families Plan on Iowa Farmland Owners | |
dc.type | article | |
dc.type.genre | article | |
dspace.entity.type | Publication | |
relation.isAuthorOfPublication | 67561bff-c7e9-437c-ba34-825427fdf2fa | |
relation.isOrgUnitOfPublication | 1a6be5f1-4f64-4e48-bb66-03bbcc25c76d |
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