Rethinking the Estate and Gift Tax: Overview

87 Pages Posted: 9 Mar 2001

See all articles by William G. Gale

William G. Gale

Brookings Institution

Joel B. Slemrod

University of Michigan, Stephen M. Ross School of Business; National Bureau of Economic Research (NBER)

Multiple version iconThere are 2 versions of this paper

Date Written: January 2001

Abstract

This paper surveys, integrates, and extends research on estate and gift taxes. The paper begins with information on features of U.S. transfer taxes, characteristics of recent estate tax returns, the evolution of transfer taxes, the role of such taxes in other countries, and theory and evidence concerning why people give intergenerational transfers. The next sections examine the incidence, equity, and efficiency of transfer taxes. Subsequent sections cover administrative issues and the effects on saving, labor supply, entrepreneurship, inter vivos gifts, charitable contributions, and capital gains realizations. The paper closes with a discussion of policy options and a short conclusion.

Keywords: Estate tax, gift tax, transfer tax, intergenerational transfers

JEL Classification: H2, H3

Suggested Citation

Gale, William G. and Slemrod, Joel B., Rethinking the Estate and Gift Tax: Overview (January 2001). William G. Gale, RETHINKING ESTATE AND GIFT TAXATION (BOOK), Brookings Institution Press, Forthcoming. Available at SSRN: https://ssrn.com/abstract=257909 or http://dx.doi.org/10.2139/ssrn.257909

William G. Gale (Contact Author)

Brookings Institution ( email )

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Joel B. Slemrod

University of Michigan, Stephen M. Ross School of Business ( email )

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National Bureau of Economic Research (NBER)

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