USDA Report Finds That Farms Have Lowest Tax Rates in a Decade

In a report released in May 2009, the U.S. Department of Agriculture analyzed changes over the past 10 years to Federal individual and business income tax provisions and found that the cumulative effect of these changes has resulted in the lowest tax burden on farms in a decade.  Additionally, the report found that only 1 to 2 percent of all farms will be subject to the estate tax in 2009. 

Posted by Marc Patterson, Associate Editor, Wealth Strategies Journal.