@article{Russell:244024,
      recid = {244024},
      author = {Russell, Levi A. and Briggeman, Brian C.},
      title = {Distributing Patronage Income Under Differing Tax Rates  and Member Risk Preferences},
      journal = {Journal of Cooperatives},
      address = {2014},
      number = {1142-2016-92796},
      pages = {24},
      year = {2014},
      abstract = {This paper examines the effects of income tax rates and  member risk preferences on the distribution of patronage  income in a local agricultural cooperative. The paper uses  a modified mean-variance model to provide some discussion  points on how to consider the interaction of tax and member  risk preferences on maximizing member benefits. Our results  suggest that qualified earnings distributions should be  relatively low under current tax policy conditions, and  consideration should be given to using non-qualified  distributions. Also, optimal patronage income distributions  are more affected by significant changes in member risk  preferences than significant changes in taxes.},
      url = {http://ageconsearch.umn.edu/record/244024},
      doi = {https://doi.org/10.22004/ag.econ.244024},
}