CTJ Says McDermott Estate Tax Plan Would Close Existing 'Loopholes'
NOV. 18, 2011
CTJ Says McDermott Estate Tax Plan Would Close Existing 'Loopholes'
DOCUMENT ATTRIBUTES
- Institutional AuthorsCitizens for Tax Justice
- Cross-ReferenceFor H.R. 3467, see Doc 2011-24478
. - Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2011-24435
- Tax Analysts Electronic Citation2011 TNT 225-34
State-by-State Estate Tax Figures Show that President's Plan Is Too Generous to Millionaires
November 18, 2011
New data from the IRS show that only 0.3 percent of deaths in the U.S. in 2009 resulted in federal estate tax liability in 2010. (Estate taxes are usually filed during the year after the year in which a person dies.) This provides a rough approximation of the impact that President Obama's estate tax proposal would have, because the estate tax rules in effect in 2009 are the same rules that President Obama has proposed to make permanent. A more sensible alternative is the estate tax proposal announced yesterday by Congressman Jim McDermott.
Number of Estates Owing Federal Estate Taxes
in 2007 through 2010 by State
______________________________________________________________________________
# of Estates Owing Tax % of Estates Owing Tax
_____________________________ _________________________
2007 2008 2009 2010 2007 2008 2009 2010
______________________________________________________________________________
United States 17,416 17,172 14,713 6,711 0.7% 0.7% 0.6% 0.3%
Alabama 189 196 108 46 0.4% 0.4% 0.2% 0.1%
Alaska * 12 12 * * 0.3% 0.3% *
Arizona 287 222 286 99 0.6% 0.5% 0.6% 0.2%
Arkansas 82 83 58 23 0.3% 0.3% 0.2% 0.1%
California 3,637 3,337 2,965 1,335 1.5% 1.4% 1.3% 0.6%
Colorado 180 251 257 131 0.6% 0.8% 0.8% 0.4%
Connecticut 393 288 270 127 1.3% 1.0% 0.9% 0.4%
Delaware 36 54 48 28 0.5% 0.7% 0.6% 0.4%
District of Columbia 76 71 57 21 1.4% 1.4% 1.1% 0.4%
Florida 1,667 1,747 1,367 812 1.0% 1.0% 0.8% 0.5%
Georgia 333 399 283 158 0.5% 0.6% 0.4% 0.2%
Hawaii 75 58 110 36 0.8% 0.6% 1.2% 0.4%
Idaho 76 31 86 11 0.7% 0.3% 0.8% 0.1%
Illinois 907 679 749 219 0.9% 0.7% 0.7% 0.2%
Indiana 196 202 126 49 0.4% 0.4% 0.2% 0.1%
Iowa 158 225 90 33 0.6% 0.8% 0.3% 0.1%
Kansas 102 148 93 57 0.4% 0.6% 0.4% 0.2%
Kentucky 78 162 99 46 0.2% 0.4% 0.2% 0.1%
Louisiana 162 135 141 68 0.4% 0.3% 0.3% 0.2%
Maine 93 42 78 8 0.8% 0.3% 0.6% 0.1%
Maryland 371 454 262 125 0.9% 1.0% 0.6% 0.3%
Massachusetts 455 449 288 124 0.9% 0.8% 0.5% 0.2%
Michigan 480 366 267 151 0.6% 0.4% 0.3% 0.2%
Minnesota 221 216 128 80 0.6% 0.6% 0.3% 0.2%
Mississippi 41 93 123 33 0.1% 0.3% 0.4% 0.1%
Missouri 222 372 304 105 0.4% 0.7% 0.5% 0.2%
Montana 80 88 48 26 0.9% 1.0% 0.5% 0.3%
Nebraska 58 102 53 72 0.4% 0.7% 0.3% 0.5%
Nevada 119 140 131 74 0.6% 0.8% 0.6% 0.4%
New Hampshire 96 68 62 28 1.0% 0.7% 0.6% 0.3%
New Jersey 569 668 559 199 0.8% 1.0% 0.8% 0.3%
New Mexico 101 80 39 20 0.7% 0.5% 0.2% 0.1%
New York 1,339 1,379 1,091 630 0.9% 0.9% 0.7% 0.4%
North Carolina 379 376 407 123 0.5% 0.5% 0.5% 0.2%
North Dakota * 12 9 * * 0.2% 0.2% *
Ohio 425 379 374 124 0.4% 0.4% 0.3% 0.1%
Oklahoma 180 138 96 99 0.5% 0.4% 0.3% 0.3%
Oregon 111 202 157 83 0.4% 0.6% 0.5% 0.3%
Pennsylvania 578 525 543 153 0.5% 0.4% 0.4% 0.1%
Rhode Island 40 82 15 32 0.4% 0.8% 0.2% 0.3%
South Carolina 150 155 161 86 0.4% 0.4% 0.4% 0.2%
South Dakota 51 15 44 56 0.7% 0.2% 0.6% 0.8%
Tennessee 156 250 239 40 0.3% 0.4% 0.4% 0.1%
Texas 906 940 947 484 0.6% 0.6% 0.6% 0.3%
Utah 34 55 23 17 0.2% 0.4% 0.2% 0.1%
Vermont 65 12 11 8 1.3% 0.2% 0.2% 0.2%
Virginia 573 492 350 196 1.0% 0.8% 0.6% 0.3%
Washington 384 380 279 100 0.8% 0.8% 0.6% 0.2%
West Virginia 76 60 28 * 0.4% 0.3% 0.1% *
Wisconsin 291 179 290 38 0.6% 0.4% 0.6% 0.1%
Wyoming 39 50 33 13 0.9% 1.2% 0.8% 0.3%
______________________________________________________________________________
FOOTNOTE TO TABLE
* No estate tax figures are provided by IRS for these states in
some years due to privacy concerns. These excluded figures are, however,
included in the national totals.
END OF FOOTNOTE TO TABLE
Data on deaths in each state is from the Center for Disease Control.
Background
The estate tax is a way of acknowledging that the wealthiest families benefit the most from the government's protection of private property, public investments like roads that make commerce possible and public schools that provide a productive workforce, the stability provided by our legal system and armed forces, and the countless other ways that government makes America a place where huge fortunes can be made and sustained. None of this would be possible without taxes, so it's reasonable that the wealthiest families contribute more to support these public services.
At the same time, the estate tax has provisions to ensure that it only applies to the wealthy, encourages charitable giving and does not impact family farms and small businesses.
The first round of the President George W. Bush's tax cuts, enacted in 2001, included the gradual repeal of the federal estate tax over several years. The amount of estate value exempt from the tax increased over time, and the tax rate decreased over time, until the federal estate tax disappeared entirely in 2010. (This is why the number of deaths resulting in estate tax liability has declined each year and will drop to zero for deaths that occur in 2010.)
The estate tax exempts a certain (large) amount of the value of any estate from taxation and then provides a deduction for charitable bequests and other provisions that reduce the amount of the estate that is actually taxable.
In 2007 and 2008, the basic exemption was $2 million per spouse and the top estate tax rate was 45 percent. Of those who died in 2008, only 0.6 percent left estates large enough to be taxable in 2009. (Estate taxes are usually filed the year after the year of death.)
In 2009, the basic exemption rose to $3.5 million per spouse, and the top estate tax rate continued to be 45 percent. Of those who died in 2009, only 0.3 percent left estates large enough to be taxable in 2010. These are the rules that President Obama has repeatedly proposed to make permanent.
The nearby table shows that those 0.3 percent of estates of people who died in 2009 were taxed at an effective rate of about 19 percent by the federal government. Over two-thirds of the value of those estates was left to heirs while about a tenth was left to charity.
Where Did the Estates Go?
Taxable Estates of Americans Who Died in 2009*
____________________________________________________________________
Taxes Friends & Family
__________________ ___________________
Total
Federal State Charity Heirs net estate**
____________________________________________________________________
19.2% 2.4% 9.8% 68.6% 100.0%
____________________________________________________________________
Sources: IRS, Nov. 2011, with calculations by CTJ.
FOOTNOTES TO TABLE
* These figures only include the 0.3 percent of deaths
in 2009 that resulted in federal estate tax liability.
** Total net estates after expenses, meaning estates
after all expenses and uses except federal and state estate taxes and
bequests to charity
END OF FOOTNOTES TO TABLE
In 2010, the estate tax was eliminated entirely. But, like all the Bush tax cuts, this break from the estate tax was scheduled to expire at the end of 2010, in which case the pre-Bush rules would come back into effect.
Of course, President Obama and Congress did agree to a "compromise" at the end of 2010 that (among other things) extended the Bush income tax cuts and partially extended Bush's break from the income tax. As part of this "compromise," the estate tax is in effect again but has a basic exemption of $5 million per spouse and a rate of just 35 percent in 2011 and 2012. If Congress does not act to extend any type of estate tax break, the pre-Bush estate tax rules will come back into effect in 2013, which means the basic per-spouse exemption would fall to $1 million.
New Proposal More Fair and Fiscally Responsible than Obama's
Yesterday, Congressman McDermott introduced the Sensible Estate Tax Act of 2011. His proposal would basically allow the general structure of the pre-Bush rules to come back into effect but would make certain modifications to simplify the rules and eliminate some loopholes. The bill would reinstate a $1 million per-spouse exemption, which would be indexed for inflation beginning in 2000. (In other words, the exemption would be whatever level it would have reached if it was set at $1 million in 2000 and indexed from that point on.) The top estate tax rate would return to the pre-Bush level of 55 percent.
The bill would also "re-unify" the gift and estate tax. When the 2001 bill began to phase out the estate tax, it kept the gift tax rules, but with different exemption amounts and different rates. This means that a different set of rules would apply depending on whether you gave the gift during your lifetime or at your death -- a situation that seriously complicates tax planning. McDermott's bill would reunify the gift and estate tax so that the same exemption amounts and the same rates would apply regardless of when the gift was made.
The legislation would also allow the "portability" of the lifetime exemption between spouses. The portability provision allows the second-to-die spouse to use any of the lifetime exemption amount that his/her spouse did not use upon the first death. This eliminates the need for estate tax planning for many taxpayers, particularly for married couples whose joint estate is under the $2 million limit.
A very important provision for states is the reinstatement of the credit for state inheritance and estate taxes. The 2001 legislation phased out the credit and replaced it with a deduction. This caused many states to lose all estate tax revenue, because their state inheritance and estate taxes were based on the amount of federal credit allowed. Some states have made changes to their estate tax statutes to deal with this problem, but many have not. The Sensible Estate Tax Act of 2011 would restore the sharing of estate tax revenue with state governments.
The bill would also close some estate tax loopholes by 1) requiring that beneficiaries use the same tax basis for assets for income tax purposes (when calculating gains upon their sale) as the estate used for calculating the estate tax, 2) requiring a 10-year minimum term for grantor retained annuity trusts, 3) limiting the use of the generation-skipping transfer tax exemptions, and 4) limiting the use of valuation and minority discounts when valuing transfers for estate tax purposes.
More State-by-state Figures
The following pages provide figures on the number and percentage of estates in each state that are subject to the
Who Pays the Estate Tax in Alabama: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
530 487 278 198 219 189 196 108 46
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1.2% 1.1% 0.6% 0.4% 0.5% 0.4% 0.4% 0.2% 0.1%
Who Pays the Estate Tax in Alaska: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
56 37 19 4 * * 12 12 *
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
2.1% 1.2% 0.6% 0.1% * * 0.3% 0.3% *
Who Pays the Estate Tax in Arizona: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
858 430 619 261 371 287 222 286 99
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
2.1% 1.0% 1.4% 0.6% 0.8% 0.6% 0.5% 0.6% 0.2%
Who Pays the Estate Tax in Arkansas: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
229 196 168 95 142 82 83 58 23
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
0.8% 0.7% 0.6% 0.3% 0.5% 0.3% 0.3% 0.2% 0.1%
Who Pays the Estate Tax in California: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
8,365 7,280 5,651 4,044 4,492 3,637 3,337 2,965 1,335
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
3.6% 3.1% 2.4% 1.7% 1.9% 1.5% 1.4% 1.3% 0.6%
Who Pays the Estate Tax in Colorado: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
689 645 251 240 210 180 251 257 131
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
2.5% 2.3% 0.9% 0.8% 0.7% 0.6% 0.8% 0.8% 0.4%
Who Pays the Estate Tax in Connecticut: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1,063 823 640 352 399 393 288 270 127
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
3.6% 2.8% 2.2% 1.2% 1.4% 1.3% 1.0% 0.9% 0.4%
Who Pays the Estate Tax in Delaware: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
261 117 174 121 83 36 54 48 28
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
3.9% 1.6% 2.5% 1.7% 1.1% 0.5% 0.7% 0.6% 0.4%
Who Pays the Estate Tax in District of Columbia: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
241 172 131 85 44 76 71 57 21
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
4.0% 2.9% 2.4% 1.6% 0.8% 1.4% 1.4% 1.1% 0.4%
Who Pays the Estate Tax in Florida: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
4,424 4,242 2,912 1,801 2,482 1,667 1,747 1,367 812
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
2.7% 2.5% 1.7% 1.1% 1.5% 1.0% 1.0% 0.8% 0.5%
Who Pays the Estate Tax in Georgia: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
668 804 615 352 429 333 399 283 158
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1.1% 1.2% 0.9% 0.5% 0.6% 0.5% 0.6% 0.4% 0.2%
Who Pays the Estate Tax in Hawaii: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
357 208 58 118 131 75 58 110 36
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
4.3% 2.5% 0.6% 1.3% 1.4% 0.8% 0.6% 1.2% 0.4%
Who Pays the Estate Tax in Idaho: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
73 112 93 34 48 76 31 86 11
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
0.8% 1.1% 0.9% 0.3% 0.5% 0.7% 0.3% 0.8% 0.1%
Who Pays the Estate Tax in Illinois: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
2,702 2,582 1,395 1,122 1,120 907 679 749 219
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
2.5% 2.4% 1.3% 1.1% 1.1% 0.9% 0.7% 0.7% 0.2%
Who Pays the Estate Tax in Indiana: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1,079 547 414 294 270 196 202 126 49
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
2.0% 1.0% 0.7% 0.5% 0.5% 0.4% 0.4% 0.2% 0.1%
Who Pays the Estate Tax in Iowa: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
572 614 263 174 237 158 225 90 33
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
2.0% 2.2% 0.9% 0.6% 0.9% 0.6% 0.8% 0.3% 0.1%
Who Pays the Estate Tax in Kansas: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
672 225 183 207 191 102 148 93 57
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
2.7% 0.9% 0.7% 0.9% 0.8% 0.4% 0.6% 0.4% 0.2%
Who Pays the Estate Tax in Kentucky: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
591 478 231 186 160 78 162 99 46
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1.5% 1.2% 0.6% 0.5% 0.4% 0.2% 0.4% 0.2% 0.1%
Who Pays the Estate Tax in Louisiana: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
548 424 91 141 198 162 135 141 68
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1.3% 1.0% 0.2% 0.3% 0.4% 0.4% 0.3% 0.3% 0.2%
Who Pays the Estate Tax in Maine: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
162 288 124 88 116 93 42 78 8
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1.3% 2.3% 1.0% 0.7% 0.9% 0.8% 0.3% 0.6% 0.1%
Who Pays the Estate Tax in Maryland: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1,001 817 653 548 542 371 454 262 125
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
2.3% 1.9% 1.5% 1.3% 1.2% 0.9% 1.0% 0.6% 0.3%
Who Pays the Estate Tax in Massachusetts: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1,375 1,299 985 706 606 455 449 288 124
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
2.5% 2.3% 1.7% 1.3% 1.1% 0.9% 0.8% 0.5% 0.2%
Who Pays the Estate Tax in Michigan: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1,527 1,173 834 401 551 480 366 267 151
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1.8% 1.4% 1.0% 0.5% 0.6% 0.6% 0.4% 0.3% 0.2%
Who Pays the Estate Tax in Minnesota: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
672 740 466 203 230 221 216 128 80
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1.7% 2.0% 1.2% 0.5% 0.6% 0.6% 0.6% 0.3% 0.2%
Who Pays the Estate Tax in Mississippi: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
231 139 119 89 106 41 93 123 33
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
0.8% 0.5% 0.4% 0.3% 0.4% 0.1% 0.3% 0.4% 0.1%
Who Pays the Estate Tax in Missouri: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1,191 830 484 336 371 222 372 304 105
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
2.1% 1.5% 0.9% 0.6% 0.7% 0.4% 0.7% 0.5% 0.2%
Who Pays the Estate Tax in Montana: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
180 90 60 61 92 80 88 48 26
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
2.2% 1.1% 0.7% 0.8% 1.1% 0.9% 1.0% 0.5% 0.3%
Who Pays the Estate Tax in Nebraska: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
605 303 200 153 62 58 102 53 72
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
3.9% 2.0% 1.3% 1.0% 0.4% 0.4% 0.7% 0.3% 0.5%
Who Pays the Estate Tax in Nevada: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
118 171 242 191 144 119 140 131 74
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
0.8% 1.1% 1.4% 1.1% 0.8% 0.6% 0.8% 0.6% 0.4%
Who Pays the Estate Tax in New Hampshire: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
138 204 168 114 131 96 68 62 28
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1.4% 2.1% 1.7% 1.1% 1.3% 1.0% 0.7% 0.6% 0.3%
Who Pays the Estate Tax in New Jersey: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
2,349 2,039 1,112 780 739 569 668 559 199
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
3.2% 2.7% 1.5% 1.1% 1.0% 0.8% 1.0% 0.8% 0.3%
Who Pays the Estate Tax in New Mexico: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
182 275 100 128 75 101 80 39 20
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1.3% 1.9% 0.7% 0.9% 0.5% 0.7% 0.5% 0.2% 0.1%
Who Pays the Estate Tax in New York: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
3,963 3,438 2,535 1,720 1,750 1,339 1,379 1,091 630
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
2.5% 2.2% 1.6% 1.1% 1.1% 0.9% 0.9% 0.7% 0.4%
Who Pays the Estate Tax in North Carolina: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1,025 781 850 355 523 379 376 407 123
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1.5% 1.1% 1.2% 0.5% 0.7% 0.5% 0.5% 0.5% 0.2%
Who Pays the Estate Tax in North Dakota: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
80 124 31 35 * * 12 9 *
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1.3% 2.1% 0.5% 0.6% * * 0.2% 0.2% *
Who Pays the Estate Tax in Ohio: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1,706 1,508 931 497 790 425 379 374 124
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1.6% 1.4% 0.9% 0.5% 0.7% 0.4% 0.4% 0.3% 0.1%
Who Pays the Estate Tax in Oklahoma: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
709 420 252 173 196 180 138 96 99
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
2.0% 1.2% 0.7% 0.5% 0.5% 0.5% 0.4% 0.3% 0.3%
Who Pays the Estate Tax in Oregon: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
384 488 408 192 290 111 202 157 83
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1.3% 1.6% 1.3% 0.6% 0.9% 0.4% 0.6% 0.5% 0.3%
Who Pays the Estate Tax in Pennsylvania: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
2,418 1,984 1,218 716 732 578 525 543 153
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1.9% 1.5% 0.9% 0.6% 0.6% 0.5% 0.4% 0.4% 0.1%
Who Pays the Estate Tax in Rhode Island: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
177 194 101 77 111 40 82 15 32
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1.8% 1.9% 1.0% 0.8% 1.1% 0.4% 0.8% 0.2% 0.3%
Who Pays the Estate Tax in South Carolina: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
400 498 263 165 272 150 155 161 86
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1.1% 1.4% 0.7% 0.4% 0.7% 0.4% 0.4% 0.4% 0.2%
Who Pays the Estate Tax in South Dakota: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
111 73 60 31 46 51 15 44 56
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1.6% 1.1% 0.8% 0.5% 0.6% 0.7% 0.2% 0.6% 0.8%
Who Pays the Estate Tax in Tennessee: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
662 660 315 209 204 156 250 239 40
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1.2% 1.2% 0.5% 0.4% 0.4% 0.3% 0.4% 0.4% 0.1%
Who Pays the Estate Tax in Texas: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
2,577 2,014 1,427 1,012 1,082 906 940 947 484
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1.8% 1.3% 0.9% 0.7% 0.7% 0.6% 0.6% 0.6% 0.3%
Who Pays the Estate Tax in Utah: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
191 166 64 53 66 34 55 23 17
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1.6% 1.3% 0.5% 0.4% 0.5% 0.2% 0.4% 0.2% 0.1%
Who Pays the Estate Tax in Vermont: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
185 62 10 33 47 65 12 11 8
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
3.7% 1.2% 0.2% 0.7% 0.9% 1.3% 0.2% 0.2% 0.2%
Who Pays the Estate Tax in Virginia: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1,268 1,381 717 547 657 573 492 350 196
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
2.3% 2.5% 1.2% 1.0% 1.1% 1.0% 0.8% 0.6% 0.3%
Who Pays the Estate Tax in Washington: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1,133 920 493 336 472 384 380 279 100
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
2.6% 2.1% 1.1% 0.8% 1.0% 0.8% 0.8% 0.6% 0.2%
Who Pays the Estate Tax in West Virginia: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
250 163 103 70 163 76 60 28 *
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1.2% 0.8% 0.5% 0.3% 0.8% 0.4% 0.3% 0.1% *
Who Pays the Estate Tax in Wisconsin: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
803 647 602 284 232 291 179 290 38
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
1.7% 1.4% 1.3% 0.6% 0.5% 0.6% 0.4% 0.6% 0.1%
Who Pays the Estate Tax in Wyoming: 2000-2010
# of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
103 58 62 32 * 39 50 33 13
% of Estates Owing Tax
_____________________________________________________________________
2000 2002 2004 2005 2006 2007 2008 2009 2010
_____________________________________________________________________
2.5% 1.4% 1.5% 0.8% * 0.9% 1.2% 0.8% 0.3%
DOCUMENT ATTRIBUTES
- Institutional AuthorsCitizens for Tax Justice
- Cross-ReferenceFor H.R. 3467, see Doc 2011-24478 .
- Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2011-24435
- Tax Analysts Electronic Citation2011 TNT 225-34
