000244024 001__ 244024 000244024 005__ 20210122075748.0 000244024 0247_ $$2doi$$a10.22004/ag.econ.244024 000244024 037__ $$a1142-2016-92796 000244024 037__ $$a1142-2016-92887 000244024 041__ $$aeng 000244024 245__ $$aDistributing Patronage Income Under Differing Tax Rates and Member Risk Preferences 000244024 260__ $$c2014 000244024 269__ $$a2014 000244024 300__ $$a24 000244024 336__ $$aJournal Article 000244024 520__ $$aThis paper examines the effects of income tax rates and member risk preferences on the distribution of patronage income in a local agricultural cooperative. The paper uses a modified mean-variance model to provide some discussion points on how to consider the interaction of tax and member risk preferences on maximizing member benefits. Our results suggest that qualified earnings distributions should be relatively low under current tax policy conditions, and consideration should be given to using non-qualified distributions. Also, optimal patronage income distributions are more affected by significant changes in member risk preferences than significant changes in taxes. 000244024 650__ $$aDemand and Price Analysis 000244024 650__ $$aPublic Economics 000244024 6531_ $$aCooperatives 000244024 6531_ $$aFinance 000244024 6531_ $$aTax Policy 000244024 6531_ $$aRisk Preferences 000244024 6531_ $$aCapital Structure 000244024 700__ $$aRussell, Levi A. 000244024 700__ $$aBriggeman, Brian C. 000244024 773__ $$q27$$o49$$tJournal of Cooperatives$$j29$$d2015 000244024 8564_ $$979b5a77a-4330-427e-9599-611e3b62ae96$$s578345$$uhttps://ageconsearch.umn.edu/record/244024/files/29-02.pdf 000244024 887__ $$ahttp://purl.umn.edu/244024 000244024 909CO $$ooai:ageconsearch.umn.edu:244024$$pGLOBAL_SET 000244024 912__ $$nSubmitted by Christina Olson (olso6908@umn.edu) on 2016-08-17T14:07:30Z No. of bitstreams: 1 29-02.pdf: 578345 bytes, checksum: eebb05ca5ed1702ebf645d0a13942dc4 (MD5) 000244024 912__ $$nMade available in DSpace on 2016-08-17T14:07:30Z (GMT). No. of bitstreams: 1 29-02.pdf: 578345 bytes, checksum: eebb05ca5ed1702ebf645d0a13942dc4 (MD5) Previous issue date: 2014 000244024 913__ $$aLicense granted by Christina Olson (olso6908@umn.edu) on 2016-08-17T14:05:05Z (GMT): <p class="ds-paragraph"> By depositing this Content ("Content") in AgEcon Search, I agree that I am solely responsible for any consequences of uploading this Content to AgEcon Search and making it publicly available, and I represent and warrant that: I am either the sole creator and the owner of the copyrights and all other rights in the Content; or, without obtaining another’s permission, I have the right to deposit the Content in an archive such as AgEcon Search. To the extent that any portions of the Content are not my own creation, they are used with the copyright holder’s express permission or as permitted by law. Additionally, the Content does not infringe the copyrights or other intellectual property rights of another, nor does the Content violate any laws or another’s rights of privacy or publicity. The Content contains no restricted, private, confidential, or otherwise protected data or information that should not be publicly shared. I understand that AgEcon Search will do its best to provide perpetual access to my Content. In order to support these efforts, I grant the Regents of the University of Minnesota ("University"), through AgEcon Search, the following non-exclusive, irrevocable, royalty-free, world-wide rights and licenses: to access, reproduce, distribute and publicly display the Content, in whole or in part, in order to secure, preserve and make it publicly available, and to make derivative works based upon the Content in order to migrate the Content to other media or formats, or to preserve its public access. These terms do not transfer ownership of the copyright(s) in the Content. These terms only grant to the University the limited license outlined above. </p> 000244024 980__ $$a1142 000244024 982__ $$gJournal of Cooperatives>Volume 29, 2014