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The Effect of Income Tax Progressivity on Valuations of Income Streams by Individuals
Author(s) -
Adams Roy D.
Publication year - 1977
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 - 10.2307/1239657
Subject(s) - citation , state (computer science) , economics , income tax , sociology , public economics , law , political science , computer science , algorithm
The effect of taxes upon investment patterns in agriculture is an important policy consideration that has received attention in past issues of this Journal. However, some authors have inadequately adjusted income-stream valuation formulas for the effect of the individual income tax and have consequently reached incorrect conclusions regarding both the present value of future income and the effect of income tax progressivity on the relative valuations of individuals in different tax brackets. Rodewald