Federal tax policies and rural households : impact and potential reform / Kathleen B. Fisher, editor.

Format:

Book

Contributor:

Fisher, Kathleen B., editor.

Series:

Economic issues, problems and perspectives series.

America in the 21st century : political and economic issues

Economic issues, problems and perspectives

Language:

English

Subjects (All):

Taxation--United States.

Taxation.

Home economics, Rural--United States.

Home economics, Rural.

United States--Rural conditions.

United States.

Physical Description:

1 online resource (73 pages) : illustrations.

Place of Publication:

New York : Novinka, [2013]

Summary:

The Federal income tax structure has changed substantially over the last two decades. Tax rates have been reduced and deductions and credits, especially refundable tax credits, have expanded, reducing Federal income tax burdens and significantly increasing after-tax income. While these tax reforms have provided the greatest benefit to those with the highest tax liabilities, low- and middle-income rural residents, especially those with children, have been major beneficiaries of some of the changes. This book examines the effect on rural Americans of tax credits targeting low- and middle-income households by estimating the number of beneficiaries, the level of benefits, and the impact of the benefits on income and rural poverty. The relative importance of these tax credits compared with traditional income support programs is also discussed.

Contents:

1. Federal tax policies and low-income rural households / Ron Durst and Tracey Farrigan

The potential impact of tax reform on farm businesses and rural households / James M. Williamson, Ron Durst and Tracey Farrigan.

Notes:

Reprint of two bulletins from the United States Department of Agriculture.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

1-62618-630-8