Location of Repository

Estate Tax Reform: Issues and Options

By Lily L Batchelder

Abstract

The upcoming one-year repeal of the federal estate tax creates an opportunity to reconsider the taxation of wealth transfers. This paper argues that federal wealth transfer taxes should be retained and potentially expanded. The estate tax contributes importantly to the progressivity of the tax system as a whole by partially offsetting the tax advantages accorded to inherited income among high-income households. It also appears to be a relatively efficient source of revenue. Nevertheless, the estate tax system could be improved by adopting a package of simplification measures or, more fundamentally, by replacing it with an inheritance tax

Topics: Economics, Estate Planning and Probate, Law and Economics, Legislation, Social Welfare, Taxation, Taxation-Federal Estate and Gift, Taxation-Federal Income, Trusts, Economics, Estates and Trusts, Law and Economics, Legislation, Social Welfare Law, Taxation, Taxation-Federal, Taxation-Federal Estate and Gift
Publisher: NELLCO Legal Scholarship Repository
Year: 2009
OAI identifier: oai:lsr.nellco.org:nyu_lewp-1177

Suggested articles

Preview


To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.