Until 2010 that is, whereupon its time to shuffle it:
If Congress doesn’t act, the estate tax will disappear in 2010 but will return in 2011 at the pre-2001 level of $1 million with a tax rate of 55%.
That could generate some interesting data.
Cheap Talk
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June 9, 2009 at 2:31 pm
Florian
Time for another Ig-Nobel prize winning paper in economics.
See the 2001 winner: Dying to Save Taxes: Evidence from Estate Tax Returns on the Death Elasticity
Review of Economics and Statistics, 2003, 85(2), 256-265
Abstract:
This paper examines data from U.S. federal tax returns to shed light on whether the timing of death is responsive to its tax consequences. We investigate the temporal pattern of deaths around the time of changes in the estate tax system periods when living longer, or dying sooner, could significantly affect estate tax liability. We find some evidence that there is a small death elasticity, although we cannot rule out that what we have uncovered is ex post doctoring of the reported date of death.