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JCT Estimates Estate Tax Repeal Would Cost $269 Billion

APR. 16, 2015

JCX-74-15

DATED APR. 16, 2015
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Citations: JCX-74-15

 

JOINT COMMITTEE ON TAXATION

 

April 16, 2015

 

JCX-74-15

 

 

                       Fiscal Years 2015 - 2025

 

                         [Millions of Dollars]

 

 _____________________________________________________________________

 

 

 Provision                                         Effective

 

 _____________________________________________________________________

 

 

 H.R. 1105, the "Death Tax Repeal Act

 

 of 2015" -- Repeal of the Estate and

 

 Generation-Skipping Transfer Taxes and

 

 Modifications to the Gift Tax                     ddagmo/a DOE

 

 

      2015      2016     2017     2018     2019      2020     2021

 

 _____________________________________________________________________

 

 

       ---   -14,616  -23,880  -25,157  -26,070   -27,059  -28,104

 

 

      2022      2023     2024     2025     2015-20      2015-25

 

 _____________________________________________________________________

 

 

   -29,323   -30,450  -31,529  -32,776    -116,782     -268,965

 

 _____________________________________________________________________

 

 

 Joint Committee on Taxation

 

 ----------------------------

 

 

 NOTE: Details may not add to totals due to rounding. The date of

 

 enactment is assumed to be July 1, 2015.

 

 

 Legend for "Effective" column:

 

 

      ddagmo/a = decedents dying and gifts made on or after

 

      DOE = date of enactment
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