The Decision to Buy and Sell Land as Affected by Capital Gains Taxation and Income Tax Progressivity

John T. Scott

No 243907, Illinois Agricultural Economics Staff Paper from University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics

Abstract: A present value model estimates farmland price increases needed by investors in different tax brackets to equate land returns to an investment having higher current return but no change in nominal value. Higher bracket investors have greater advantage in land than low bracket investors. Also, inflation enhances this advantage.

Keywords: Land; Economics/Use (search for similar items in EconPapers)
Pages: 20
Date: 1981-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:illusp:243907

DOI: 10.22004/ag.econ.243907

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