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Estimated Tax Impacts on North Dakota Farm Operators

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Title: Estimated Tax Impacts on North Dakota Farm Operators
Author: Coon, Randal C.; Peterson, Glenn D.; Johnson, G.; Ali, Mir B.
Description: The impacts of various taxes upon farmers are not very well understood by farm organizations or by those who formulate tax laws. A possible answer to this is the development of estimates of taxes paid various tax paying entities. Several North Dakota farm groups funded a study to focus on those taxes paid by both farm and ranch operators to ameliorate this dilemma. The objectives of the study were to estimate the level and distribution of federal, state and local taxes paid by North Dakota farm and ranch operators and to measure tax impacts by size and type of farm operation. These impacts can be direct or those indirect and may be quantified in several ways. Farm income was slightly depressed for the 3 years analyzed. However, still some general conclusions could be drawn from this analysis. Major taxes are concentrated in the local real estate tax, federal self-employment tax and state sales tax. Size, location, land quality and the proportion of owned land all factor into real estate tax calculations. sales taxes are related to purchases such as farm capital: buildings, equipment, machinery, parts, so forth. Medium-sized farms had the greatest tax burden per dollar of combined income.
Date: 1985
Subject: Farm management
Permalink: http://hdl.handle.net/10365/5643

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