June 17, 2003

by John Springer

PDF of this fact sheet

Full Report:
Permanent Repeal Of The Estate Tax Would Be Costly, Yet Would Benefit Only A Few, Very Large Estates

ArrowEstate Tax Should Be Reformed, Not Repealed

Related Fact Sheet:
ArrowThe Estate Tax and Charitable Giving

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A new Center report, Permanent Repeal of the Estate Tax Would Be Costly, Yet Would Benefit Only a Few, Very Large Estates, shows that, contrary to the popular impression, today’s estate tax has little impact on the vast majority of family businesses and farms.  (The American Farm Bureau Federation acknowledged to the New York Times in 2001 that it could not cite a single example of a farm having to be sold to pay estate taxes.)  Solving the problems of the relatively few family businesses and farms that are affected does not require permanently repealing the estate tax.  As the report explains:

Relief for family farms and businesses can be provided without repealing the estate tax: