Department

Accounting

Publication Year

2014

Abstract

The implementation of the federal estate tax is an issue that has been debated for decades, and its components are constantly being adjusted in response to the economic fluctuations and fiscal needs of the United States. This paper examines the perspectives of proponents and opponents of the federal estate tax, while statistically and speculatively analyzing whether or not its is effective in maintaining income and wealth equality in the United States. The federal estate tax promotes equal economic opportunity through progressivity, and is utilized as a wealth equalizer, rather than a revenue generator.

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