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Today’s Quiz Answers: The Estate Tax

| By CBPP
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CBPP

Here are answers to today’s quiz on the federal estate tax:

  1. What percentage of estates will have to pay the estate tax if it is restored to its 2009 level?ANSWER: a. Less than 1%
  2. On average, estates that owe estate tax pay___% of the estate’s value in tax .ANSWER: b. Less than 20%
  3. True/False: Before the estate tax expired this year, many small farms and businesses had to be liquidated to pay the tax.ANSWER: False
  4. True/False: Most Americans pay the estate tax.ANSWER: False

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