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Southern Journal of Agricultural Economics >
Volume 21, Number 02, December 1989 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/30089
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| Title: | A FURTHER LOOK AT THE EFFECT OF FEDERAL TAX LAWS ON OPTIMAL MACHINERY REPLACEMENT |
| Authors: | Van Tassell, Larry W.
Nixon, Clair J. |
| Issue Date: | 1989-12 |
| Abstract: | Self-employment taxes, "effective" marginal tax rates, and discounting schemes which allow for alternative purchase and disposal dates of machinery are incorporated into the traditional optimal replacement interval model. Empirical results indicate that these alterations decrease the optimal replacement intervals by up to three years from those obtained with traditional modeling assumptions. Inclusion of self-employment taxes decreases both the penalty attached to early replacement and the net present value (cost) of tractor ownership. |
| URI: | http://purl.umn.edu/30089 |
| Institution/Association: | Southern Journal of Agricultural Economics>Volume 21, Number 02, December 1989 |
| Total Pages: | 8 |
| Language: | English |
| From Page: | 77 |
| To Page: | 84 |
| Collections: | Volume 21, Number 02, December 1989
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