A Quarter Century of Estate Tax Reforms

Posted: 5 Feb 2001

See all articles by David Joulfaian

David Joulfaian

U.S. Department of the Treasury, Office of Tax Analysis (OTA); Georgetown University - Department of Economics

Abstract

Estate Tax Reforms over the past quarter of a century reflect a number of objectives. These include harmonization of estate and gift taxes, reductions in tax burdens, easing liquidity restraints, and simplifying compliance and tax administration. As a result of these changes, many taxpayers were eliminated from the tax rolls, the tax burden on married individuals eliminated or deferred, taxes on businesses were reduced, and the yield to the fisc reduced considerably. An unintended effect of tax reforms is that many of the changes have intensified the need for tax planning and added to the complexity of the tax code. In this paper, I review many of the changes, and discuss their implications for taxpayer behavior and complexity.

Suggested Citation

Joulfaian, David, A Quarter Century of Estate Tax Reforms. National Tax Journal 53, No 3, Part 1, 2000. Available at SSRN: https://ssrn.com/abstract=240709

David Joulfaian (Contact Author)

U.S. Department of the Treasury, Office of Tax Analysis (OTA) ( email )

1500 Pennsylvania Ave. NW
Washington, DC 20220
United States

Georgetown University - Department of Economics ( email )

37th St NW & O St NW
Washington, DC 20007
United States

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