Responses to Senator Cassidy's Questions for the Record to Professor David Gamage "Creating Opportunity Through a Fairer Tax System" Senate Finance Fiscal Responsibility and Economic Growth Subcommittee
3 Pages Posted: 17 Jun 2021
Date Written: 2021
This white paper responds to questions asked by Senator Cassidy in regard to testimony that Professor Gamage presented to the Senate Finance Fiscal Responsibility and Economic Growth Subcommittee on April 27, 2021. The questions are on estate and wealth taxes and liquidity concerns, on concerns related to “double taxation”, and on endowments and the tax benefits provided to tax exempt institutions such as universities and churches.
Keywords: White Paper, Double Taxation, Estate Tax, Wealth Tax, Gift Tax, Tax Exemptions, Endowments, Universities, Churches
JEL Classification: K34
Suggested Citation: Suggested Citation