| Description |
1 online resource (xi, 229 pages) : illustrations |
| Contents |
Estate and Gift Taxes; Contents; Preface; Economic Issues Surrounding the Estate and Gift Tax: A Brief Summary; Abstract; Arguments for the Estate and Gift Tax; Arguments Against the Estate and Gift Tax; Other Issues; References; Estate and Gift Tax Revenues: Past and Projected in 2008; Abstract; Changes in Estate Tax Law; Exemption; Maximum Tax Rate; Which Law is Reflected in Revenue for a Particular Year?; Unexpected Patterns; Gift Tax Revenues Fell After 2001 Tax Act; Estate and Gift Taxes Contribute Less Than 2% of Federal Revenue |
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CBO Projections Show Rebound in Estate Tax Revenues after FY2011 if EGTTRA SunsetsTreasury Department and JCT Estimates of Revenue Loss from Permanent Repeal; References; Alternatives to the Current Federal Estate Tax System Testimony to the Senate Committee on Finance; Introduction; Why Did Canada, Australia, and New Zealand Abolish their Wealth Transfer Taxes?; Conclusion; Reform Options for the Estate Tax System: Targeting Unearned Income; Testimony before the United States Senate Committee on Finance March 12, 2008; I. Background on Wealth Transfers |
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II. Magnitude and Distribution of Estate Tax BurdensIII. Reforms Worth Consideration; IV. Conclusion; References; Economic Growth and Tax Relief Reconciliation Act of 2001; Title I -- Individual Income Tax Rate Reductions; Title II -- Tax Benefits Relating to Children; Title III -- Marriage Penalty Relief; Title IV -- Affordable Education Provisions; Title V -- Estate, Gift, and Generation-Skipping Transfer Tax Provisions; Title VI -- Pension and Individual Retirement Arrangement Provisions; Part I -- General Provisions; Part II -- Treatment of Plan Amendments Reducing Future Benefit Accruals |
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Title VII -- Alternative Minimum TaxTitle VIII -- Other Provisions; Title IX -- Compliance with Congressional Budget Act; The Estate Tax: Myths and Realities; Myth 1. Repealing the Estate Tax Wouldn't Significantly Worsen the Deficit Because the Tax Doesn't Raise Much Revenue; Myth 2. The Estate Tax Forces Estates to Turn Over Half of Their Assets to the Government; Myth 3. Many Small, Family-Owned Farms and Businesses Must Be Liquidated to Pay Estate Taxes; Myth 4. The Estate Tax is Best Characterized as the Death Tax. -- Myth 5. The Estate Tax Unfairly Punishes Success |
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Myth 6. Eliminating the Estate Tax Would Encourage People to Save and Thereby Make More Capital Available for InvestmentMyth 7. The Estate Tax Constitutes ""Double Taxation"" Because It Applies to Assets That Already Have Been Taxed Once as Income; Myth 8. If The Estate Tax is Reformed and Retained, the Logical Top tax Rate Would Be 15 Percent, the Same as the Capital Gains Rate; Myth 9. The Cost of Complying with the Estate Tax Is Nearly Equal to the Total Amount of Revenue the Tax Raises |
| Bibliography |
Includes bibliographical references and index |
| Subject |
Gifts -- Taxation -- Law and legislation -- United States
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Inheritance and transfer tax -- Law and legislation -- United States
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LAW -- Military.
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Gifts -- Taxation -- Law and legislation
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Inheritance and transfer tax -- Law and legislation
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United States
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| Form |
Electronic book
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| Author |
Apperton, Clay B
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| LC no. |
2009502221 |
| ISBN |
9781608767311 |
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1608767310 |
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