摘要：This report analyzes the effects of the current Federal tax code on farming andevaluates tax proposals to assist beginning farmers. Investment, management, andproduction decisions in agriculture continue to be influenced by Federal tax laws.Farmers continue to benefit from both Federal income and estate tax policies tar-geted to agriculture. These provisions exert upward pressure on farmland valuesand help support ongoing trends that increase the number of very small and largefarms. However, the influence of the current tax structure with lower marginal taxrates and a broader income base is less than in earlier decades and may be smallrelative to government farm programs. Tax proposals to assist beginning farmerswould likely increase the availability of land for lease or purchase, but would dolittle to make land more affordable.
关键词：Federal tax policy; income tax; social security tax; structure; small;farms; estate and gift tax; capital gains; farm losses
