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Nonfarm Investors and Beef Breeding Herds- -Incentives and Consequences

Published online by Cambridge University Press:  28 April 2015

Virden L. Harrison  and
W. Fred Woods
Virden L. Harrison
Affiliation:
Farm Production Economics Division, Economic Research Service, USDA
W. Fred Woods
Affiliation:
Farm Production Economics Division, Economic Research Service, USDA
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Extract

Tax dollars the Government deliberately waives should be viewed as a form of expenditure and weighted against the priority of other expenditures. When the preference device provides more social benefit than Government collection and spending, that “incentive” should be expanded; when the preference is inefficient or subject to abuse, it should be ended.

Richard M. Nixon Message Regarding Tax Reform April 21, 1969

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 4 , Issue 1 , July 1972 , pp. 171 - 177
Copyright
Copyright © Southern Agricultural Economics Association 1972

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References

[1]Harrison, Virden L., and Woods, W. Fred, “Farm and Nonfarm Investment in Commercial Beef Breeding Herds-Incentives and Consequences of Current Provisions of the Tax Law,” forthcoming USDA, ERS Unnumbered Report.Google Scholar
[2]U. S. Treasury Department, Internal Revenue Service, Statistics of Income Individual Tax Returns, 1969 Preliminary, Washington: U. S. Gov. Printing Office, 1971, p. 22.Google Scholar