Quote:
Originally Posted by MikeSid
Where'd you get those numbers? Because I would agree that they seem awfully low if you are talking about the Federal Estate Tax. If you are talking about the pickup tax from an individual state, it would seem plausible. But not a nationwide number.
EDIT.... IRS shows 18,431 estates paid Fed Est Tax in '04. Consistent with the trend you show. But yeah...at 3.5M exemption level, not many estates will be affected.
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In 2004 the exemption was $1.5million, so the numbers I quoted fall into line. I got the numbers from a 2006 Congressional Budget Office report for a speach I gave. For the life of me I can't find it now.