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
File
Original bundle
Now showing 1 - 1 of 1
Name:
2021_Zhang_TaxImplicationsPB.pdf
Size:
949.57 KB
Format:
Adobe Portable Document Format
Description:
Collections