Estate taxes play an important role in the US tax system. Because they are paid only on estates left by the less-than-two percent of decedents with the greatest wealth, these taxes add progressivity to federal and state tax systems. In addition, the estate tax compensates in part for a major gap in the taxation of capital gain income. The gain in the value of assets held until death is not subject to the capital gains tax; the only way such gains are subject to tax at all is through the estate tax.
Download Info
To our knowledge, this item is not available for
download. To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Publisher Info
Paper provided by Research Institute for Economics & Business Administration, Kobe University in its series Discussion Paper Series with number
96.
Find related papers by JEL classification: H39 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Other H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies