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Farm Operators Under the Negative Income Tax
Author(s) -
Meyer Charles W.,
Saupe William E.
Publication year - 1970
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1237497
Subject(s) - payment , welfare , income tax , economics , passive income , farm income , gross income , adjusted gross income , public economics , comprehensive income , business , economic welfare , labour economics , state income tax , microeconomics , production (economics) , finance , tax reform , market economy
Abstract Income maintenance programs such as the negative income tax have been extensively discussed, but thus far little has been written about their impact on farm operators. This paper focuses on the effects of alternative definitions of income, including imputed returns to assets, on the accounting practices of farmers, and on the eligibility of farm families for payments. The influence of income maintenance on decision making of farm operators is analyzed, and attention is called to the need for further study of the consequences of major welfare reforms on the farm economy.