Research Report Back from the Grave
Revenue and Distributional Effects of Reforming the Federal Estate Tax
Leonard E. Burman, Katherine Lim, Jeffrey Rohaly
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In this paper we review the current wealth transfer tax rules and the changes introduced in 2001. We offer an overview of the methodology underlying the TPC's estate tax model and then use the model to estimate the number of estate tax filers, taxable returns, and the distribution of burden under current law. Finally, we investigate the revenue and distributional effects of several proposals to reform the estate tax, including those put forth by the presidential candidates.
Research Areas Economic mobility and inequality Taxes and budgets
Tags Fiscal policy Federal budget and economy Income and wealth distribution
Policy Centers Income and Benefits Policy Center Urban-Brookings Tax Policy Center