September 12, 2005: Alternative to Eliminating the Estate Tax
The impact of the Federal Estate and Gift Tax is often exaggerated. Today’s Snapshot, by Economic Policy Institute economist Max Sawicky, further clarifies the debate on Capitol Hill: Should the estate tax be eliminated? In this second in a two-part series, Sawicky illustrates that if Congress is willing to retain the estate tax, the elimination of the tax for over 75 percent of estates – those under $2.5 million — would preserve 81.7 percent of the current estate tax revenues.
To view the Snapshot, click here.