Tax policy and U.S. agriculture: a general equilibrium analysis
1988
Hertel, T.W. | Tsigas, M.E.
This article employs a computable general equilibrium model to analyze the effects of eliminating farm and food tax preferences in 1977. Tax differetials on captial income, labor payments, and production and sales taxes are each examined. Results indicate that these combined preferences lowered food costs by about $4.5 billion while enhancing after-tax returns to farm land, labor, and capital. The associated general equilibrium tax expenditure is estimated to have been between $5.5 and $6.6 billion.
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Este registro bibliográfico ha sido proporcionado por National Agricultural Library