An analysis of the estate tax by the Tax Foundation, concluded that it may be more beneficial and efficient to eliminate the estate tax. This conclusion is based partly on the high cost of addressing administrative needs related to the tax, and relatively low revenue created which is roughly $18 billion annually. The analysis also suggested that eliminating the estate tax would increase capital stock and the aggregate wealth of the United States in the long run.
See Mike Godfrey, US Death Tax is ‘Poor Source for Federal Revenue’, Sept. 16, 2014.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.
