Estate Tax - Simulation Model
by Guest Blogger, 5/6/2004
With the support of the American's for a Fair Estate Tax coalition, The Tax Policy Center has recently developed a new, state of the art, micro-simulation model of the estate tax. This new tool will allow the TPC experts to simulate alternate scenarios for the estate tax, including various reform options such as changes to the exemption level, tax rates, and QFOBI changes. The model will, among other things, allow researchers to estimate 1) revenue costs of various policy options, 2) number of people affected, 3) average liabilities by income class, and 4) number of businesses and farms affected.
Below is a presentation to the Coalition by TPC Economist Len Burman, which is based on preliminary results.
