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November 20, 2011

CTJ: 2009 Estate Tax Data

Citizens for Tax Justice, State-by-State Estate Tax Figures Show that President’s Plan Is Too Generous to Millionaires:

ChartNew 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. … 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, …

The following pages provide figures on the number and percentage of estates in each state that are subject to the federal estate tax.

November 20, 2011 in Tax, Think Tank Reports | Permalink

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