THE NON-EQUALIZATION OF TRUE GIFT AND ESTATE TAX RATES
成果类型：
Article
署名作者：
KUEHLWEIN, M
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/0047-2727(94)90027-2
发表日期：
1994
页码：
319-323
关键词：
摘要：
Before 1976, the affluent transferred most of their wealth to their heirs through bequests, not gifts even though gifts faced lower statutory tax rates. This suggests the affluent were not acting altruistically. However, bequests had the advantage that unrealized capital gains were forgiven at the moment of transfer. Taking this into account, I derive true marginal gift and estate tax rates. Contrary to previous research, I find that the affluent failed to equalize these true rates, both before and after 1976. This represents stronger evidence that the large transfers made by the affluent were not motivated by altruism.
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