How Will the Phaseout of Federal Estate Taxes Affect Farmers?

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英文名称：

How Will the Phaseout of Federal Estate Taxes Affect Farmers?

作者：

Ron Durst; James Monke; Douglas Maxwell

工作单位：

USDA's Economic Research Service

来源地址：

https://www.ers.usda.gov/publications/pub-details/?pubid=42248

关键词：

Federal tax policy;  estate and gift tax;  special use valuation unified credit;  tax rates; 

年份：

2004

出版地：

Washington, DC, USA

总页数：

8 pp

语种：

English

摘要：

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.