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Realized Income and Wealth for Owners of Closely Held Farms and Businesses: A Comparison

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  • Eugene Steuerle

    (Department of the Treasury)

Abstract

In a match of estate and income tax returns, owners of closely held businesses and farms reveal a very low realized rate of return on assets. The rate of realization is found to decline significantly as wealth increases and as the percentage of wealth in noncorporate, closely held farms increases.

Suggested Citation

  • Eugene Steuerle, 1984. "Realized Income and Wealth for Owners of Closely Held Farms and Businesses: A Comparison," Public Finance Review, , vol. 12(4), pages 407-424, October.
    • Handle: RePEc:sae:pubfin:v:12:y:1984:i:4:p:407-424
    DOI: 10.1177/109114218401200402
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    References listed on IDEAS

    as
    1. Harvey Galper & Eric Toder, 1984. "Transfer Elements in the Taxation of Income from Capital," NBER Chapters, in: Economic Transfers in the United States, pages 87-138, National Bureau of Economic Research, Inc.
    2. Feldstein, Martin, 1976. "On the theory of tax reform," Journal of Public Economics, Elsevier, vol. 6(1-2), pages 77-104.
    3. Lawrence Fisher & James H. Lorie, 1968. "Rates of Return on Investments in Common Stock: The Year-by-Year Record, 1926-65," The Journal of Business, University of Chicago Press, vol. 41, pages 291-291.
    4. Eugeive Steuerle, 1982. "Is Income From Capital Subject To Individual Income Taxation?," Public Finance Review, , vol. 10(3), pages 283-303, July.
    Full references (including those not matched with items on IDEAS)

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