capital gains

Duval Farmers Need Stepped-Up Basis To Remain
Duval Farmers Need Stepped-Up Basis To Remain
American Farm Bureau President Zippy Duval pushed back against the Biden Administration’s stance that most small family farmers will escape a proposed capital gains tax to replace the stepped-up basis. Duval disputed the White House’s claim that a $2 million per couple exclusion on the gain on farm assets and that passed onto children, will let most off the hook on any new capital gains tax. “Wel
NCBA: Administrations Tax Proposal Threatens The Viability Of Family Farming
NCBA: Administrations Tax Proposal Threatens The Viability Of Family Farming
The National Cattlemen’s Beef Association says President Biden’s proposed new capital gains tax at death would be devastating for cattle producers. NCBA’s Danielle Beck said the taxes proposed to pay for massive infrastructure and social spending “threaten the viability” of family farming and cattle operations,  especially a new tax on capital gains at death that ends the ‘stepped-up basis’. “Tha
President Biden’s Tax Proposal Concerning For AFBF
President Biden’s Tax Proposal Concerning For AFBF
A trio of new tax hikes for farmers and ranchers, that’s how the American Farm Bureau’s tax adviser describes President Joe Biden proposal to pay for infrastructure and social packages. During last week’s joint session of Congress, the President said: “We’re going to get rid of the loopholes that allow Americans to make more than a million dollars a year, and pay a lower tax rate on their capital
AFBF Opposes Elimination of Stepped-Up Basis and New Capital Gains Taxes at Death
AFBF Opposes Elimination of Stepped-Up Basis and New Capital Gains Taxes at Death
American Farm Bureau Federation President Zippy Duvall says the organization objects to a proposal by several lawmakers to tax unrealized capital gains at death and roll back the stepped-up basis on those capital gains. Duvall said, “Taxing capital gains when a loved one passes away would have a devastating impact on farm and ranch families.” Ev ...

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