Farmland, News Desk
- January 19, 2018
President Trump Touts Tax Cuts, Revised Estate Tax to Farmers
Warning: Undefined array key "separator_height" in /home/domains/dev.landreport.com/public/wp-content/plugins/jet-tricks/includes/addons/jet-unfold-widget.php on line 942
A friendly audience welcomed President Trump to Nashville on earlier this month as he addressed the American Farm Bureau Federation. One major reason: The administration’s $1.5 trillion tax cut, which the president signed into law in December. A major overhaul of the tax code, it lowers tax rates for family-owned farms that operate as corporations. Many individuals will see lower tax rates as well. In addition, the tax cut doubles the size of estates that can be passed onto heirs tax-free from $5.5 million to $11 million ($22 million for married couples). Farmers are still apprehensive about the administration’s threats to withdraw from the North America Free Trade Agreement (NAFTA) as it did the Trans-Pacific Partnership.
Click here to read more.
Warning: Undefined array key 0 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34
Warning: Undefined array key 1 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34
RELATED ARTICLES
Bureau of Land Management to Exit Washington?
A host of Western cities are courting Interior Secretary Ryan Zinke in the hopes of …
The Land Report Summer 2022
A broad array of insightful stories highlights our Summer 2022 Issue, which features: Sporting Properties: …
The Land Report Top Ten: Spring 2017
Big ranches, big resources, and big views dominate the nation’s leading listings. – The Editors …
Elk Creek Ranch Acquires Seven Lakes
For those who are passionate about outdoor pursuits, the next great adventure can’t come soon enough.
