Cremating Transfer Taxes: Is There Hope for a Resurrection?

28 Pages Posted: 3 Aug 2014

See all articles by Jay A. Soled

Jay A. Soled

Rutgers University

Charles Davenport

Rutgers University School of Law

Date Written: August 1, 1999

Abstract

Our transfer taxes are in decay. Legislators have lessened their impact and threaten now to weaken them further or to eliminate them. Imaginative taxpayers with the help of their advisors, too, have received judicial approval to drain much of the life from transfer taxes. Yet, transfer taxes continue to raise significant revenue and temper accumulations of wealth. Transfer taxes could be restored to a robust state through the adoption of measures patterned on the Tax Reform Act of 1986, including broadening the transfer tax base, reducing transfer tax rates, and introducing administrative simplification measures. The authors detail both the problems plaguing the transfer tax system and the path to meaningful reform.

Keywords: Tax

JEL Classification: K34

Suggested Citation

Soled, Jay and Davenport, Charles, Cremating Transfer Taxes: Is There Hope for a Resurrection? (August 1, 1999). Wake Forest Law Review, Vol. 34, No. 229, 1999. Available at SSRN: https://ssrn.com/abstract=2475169

Jay Soled (Contact Author)

Rutgers University ( email )

1 Washington Park
Newark, NJ 07901-1825
United States
(973) 353-1727 (Phone)

Charles Davenport

Rutgers University School of Law ( email )

NJ
United States
(973) 353-5384 (Phone)

Register to save articles to
your library

Register

Paper statistics

Downloads
6
Abstract Views
220
PlumX Metrics