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This paper describes changes in the estate tax over the last few decades in the United States and analyzes its motivation and effects on tax revenue and asset accumulation. Utilizing both aggregate and individual data for the last four decades, we find evidence of individuals responding to higher...
A survey of 1,003 businesses examined the effect of estate taxes on family business behavior, including investment, employment, and strategic decisions. The results strongly suggest that estate taxes have marked effects on business behavior. These effects are more pronounced in larger firms where...
Everyone is aware of the federal income tax. What many do not realize is that federal estate tax may have a bigger impact than the income tax. While the income tax decreases take-home pay, the estate tax threatens job creation, business growth, and family harmony. This article examines the impact...