Estate Tax
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filed under:
Estate Tax
The federal estate tax is an important source of funding for such essential investments as health care, education, and national security. Reform of the estate tax is currently being debated in Congress, but some proposals could lead to less equitable taxation or significant cuts to key priorities.
Related research
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Current Federal Estate Tax Supports Public Priorities
- The federal estate tax is an important source of funding for such essential investments as health care, education, the environment and national security. It applies to a small number of the wealthiest estates, affecting only one of every 500 estates around the country. Even then, they pay on average less than one-fifth of the total value of the estates. Some proposals before Congress, would likely result in less equitable taxation or significant cuts to key priorities.
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How would a repeal or near repeal of the Federal Estate Tax Impact Washington?
- June 5, 2006 - Legislation is moving this week in the Senate to repeal the federal estate tax, a move that would cut federal funding by a trillion dollars over ten years.
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Proposed federal estate tax changes would continue recent trend of cutting taxes for wealthiest Washingtonians
- July 12, 2006 - Congress appears poised to dismantle the federal estate tax, polishing off a sixth year of dramatically negative changes to the federal tax system.
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New Federal Estate Tax Bill would lower the Washington Minimum Wage for many workers
- August 1, 2006 - It has been ten years this month since the last time Congress passed a federal minimum wage increase, despite perennial proposals to do so.
