Haven’t put together an infographic in a while. There’s new research from the Center on Budget & Policy Priorities and the Tax Policy Center (TPC) on who exactly pays the estate tax. (Hint: basically no one)
My favorite piece of analysis (emphasis mine):
TPC estimates that only 20 small business and farm estates nationwide will owe any estate tax in 2013. (TPC’s analysis defined a small-business estate as one with more than half its value in a farm or business and with the farm or business assets valued at less than $5 million.) This figure represents only 0.00075 percent of all estates — that is, about one out of every 130,000 estates of people who die this year. Furthermore, these 20 estates will owe just 4.9 percent of their value in tax, on average.
Read the full blog post here. Feel free to share the infographic below.