The Tax Implications of the American Families Plan on Iowa Farmland Owners Tidgren, Kristine Zhang, Wendong Zhang, Wendong
dc.contributor.department Center for Agricultural and Rural Development 2021-08-25T13:51:06.000 2021-09-09T16:24:24Z 2021-09-09T16:24:24Z Fri Jan 01 00:00:00 UTC 2021 2021-08-25 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/
dc.identifier.articleid 1032
dc.identifier.contextkey 24486757
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath card_policybriefs/33
dc.source.bitstream archive/|||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
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