CRS Report: Estate and Gift Tax Revenues: Past and Projected in 2008
by Craig Jennings, 3/28/2008
There are a few noteworthy findings in this CRS report on the estate tax:
- Estate tax repeal would account for over 25 percent permanent extension of the 2001-2003 Bush tax cuts
- In 2006, 0.93 percent of deaths resulted in taxable returns. In 2002, that number was 1.86 percent.
- Estate and gift tax revenues accounted for 1.0 percent of federal revenue in 2006 - a decrease from 1.4 percent in 2002.
