Farming the Tax Code: The Impact of High Marginal Tax Rates on Agricultural Tax Shelters
研究高收入纳税人如何利用农业投资亏损来规避其他收入的税收，发现边际税率越高，申报农业亏损的概率和金额越大，尤其对高收入群体影响显著。
Abstract Surprisingly little scholarly work has examined the practice of “farming the tax code,” in which accounting losses on agricultural investments are used to shelter other income from taxation. Economic theory suggests that the amount of investment in agricultural tax shelters is positively related to the marginal tax rate. This hypothesis is empirically investigated using a sample of federal individual income tax returns filed for 1983. Both the probability of reporting a farm tax loss and the amount of farm losses are increased by a rise in the marginal tax rate, especially among upper income taxpayers.