SemOpenAlex |

SemOpenAlex

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2175087398> ?p ?o ?g. }

Showing items 1 to 65 of 65 with 100 items per page.

W2175087398 abstract "The federal estate tax has been a part of our tax structure since the founding of the country. It is the federal government’s only tax on accumulated transfers of wealth. From its inception in 1916, it has been applied only to very large estates. The transfer of wealth can take place during the individual’s life (gift) or at the time of death (estate).  Both types of transfer are combined and taxed according to the Taxpayer Relief Act of 1976. The Taxpayer Relief Act of 1976 was an important legislation affecting the structure of both the federal estate and gift taxes. In this Act, a unified system of taxation was established which treats both transfers of wealth, either during the life of the owner (gift) or at his or her death (estate) uniformly. The recent legislation of 2001 made drastic changes to the tax rates and the level of exemptions of the 1976 federal estate tax. According to this legislation, the maximum estate tax rate will drop gradually during the period of 2002-2010. Beginning in 2002, the maximum unified tax rate is reduced from 55% to 50%. This drop will reach to 45% by the year 2007 and will remain unchanged till 2009. The limit of exemption for a taxable transfer of wealth will increase from $1,000,000 to $1,500,000 by the year 2004, to $2,000,000 by 2006, to $3,500,000 by 2009, and to infinity by 2010 (estate tax will be repealed).  This original version of federal estate tax will come back in 2011, unless the Congress decides differently and changes the law. Like other social, economic, and tax issues, the transfer of wealth tax (estate and gift) is subject to debate and disagreements. The opponents of the estate tax support their views by referring to the immorality aspect of the tax and its undesired economic consequences. The supporters of the estate tax present their arguments on the basis of fairness and the ability of the tax to encourage charitable contributions. In addition, they believe that the economic consequences of repealing the estate tax would ripple through our economy and reduce federal revenues. Consequently, it could bring inequity and unfair distribution of wealth among the citizens and eventually could culminate in high difference in the class level of citizens. In our view, the federal estate tax is a tax worth fighting to keep and attempting to improve. If it were repealed, the burden of taxes would be felt more by those who have no wealth and had paid their income taxes on their earned income once before. Consequently, the lawmakers should keep the federal estate tax and fixing it by adjusting the amount of exemptions and the tax rates to reasonable, effective, and fair levels." @default.
W2175087398 created "2016-06-24" @default.
W2175087398 creator A5048509313 @default.
W2175087398 creator A5061801608 @default.
W2175087398 creator A5089799278 @default.
W2175087398 date "2011-02-11" @default.
W2175087398 modified "2023-10-16" @default.
W2175087398 title "The Economic Consequences Of Repealing The Estate Tax Law" @default.
W2175087398 cites W1586652165 @default.
W2175087398 doi "https://doi.org/10.19030/jber.v1i1.2955" @default.
W2175087398 hasPublicationYear "2011" @default.
W2175087398 type Work @default.
W2175087398 sameAs 2175087398 @default.
W2175087398 citedByCount "1" @default.
W2175087398 countsByYear W21750873982015 @default.
W2175087398 crossrefType "journal-article" @default.
W2175087398 hasAuthorship W2175087398A5048509313 @default.
W2175087398 hasAuthorship W2175087398A5061801608 @default.
W2175087398 hasAuthorship W2175087398A5089799278 @default.
W2175087398 hasBestOaLocation W21750873981 @default.
W2175087398 hasConcept C162324750 @default.
W2175087398 hasConcept C166957645 @default.
W2175087398 hasConcept C17744445 @default.
W2175087398 hasConcept C190253527 @default.
W2175087398 hasConcept C193681711 @default.
W2175087398 hasConcept C199539241 @default.
W2175087398 hasConcept C2776360696 @default.
W2175087398 hasConcept C2776445246 @default.
W2175087398 hasConcept C2777351106 @default.
W2175087398 hasConcept C2778073360 @default.
W2175087398 hasConcept C2780495726 @default.
W2175087398 hasConcept C551662922 @default.
W2175087398 hasConcept C95457728 @default.
W2175087398 hasConceptScore W2175087398C162324750 @default.
W2175087398 hasConceptScore W2175087398C166957645 @default.
W2175087398 hasConceptScore W2175087398C17744445 @default.
W2175087398 hasConceptScore W2175087398C190253527 @default.
W2175087398 hasConceptScore W2175087398C193681711 @default.
W2175087398 hasConceptScore W2175087398C199539241 @default.
W2175087398 hasConceptScore W2175087398C2776360696 @default.
W2175087398 hasConceptScore W2175087398C2776445246 @default.
W2175087398 hasConceptScore W2175087398C2777351106 @default.
W2175087398 hasConceptScore W2175087398C2778073360 @default.
W2175087398 hasConceptScore W2175087398C2780495726 @default.
W2175087398 hasConceptScore W2175087398C551662922 @default.
W2175087398 hasConceptScore W2175087398C95457728 @default.
W2175087398 hasIssue "1" @default.
W2175087398 hasLocation W21750873981 @default.
W2175087398 hasOpenAccess W2175087398 @default.
W2175087398 hasPrimaryLocation W21750873981 @default.
W2175087398 hasRelatedWork W2175087398 @default.
W2175087398 hasRelatedWork W2263735374 @default.
W2175087398 hasRelatedWork W2271103745 @default.
W2175087398 hasRelatedWork W2346218457 @default.
W2175087398 hasRelatedWork W2346648403 @default.
W2175087398 hasRelatedWork W2992699259 @default.
W2175087398 hasRelatedWork W3126114891 @default.
W2175087398 hasRelatedWork W3165271669 @default.
W2175087398 hasRelatedWork W4294637040 @default.
W2175087398 hasRelatedWork W2155678925 @default.
W2175087398 hasVolume "1" @default.
W2175087398 isParatext "false" @default.
W2175087398 isRetracted "false" @default.
W2175087398 magId "2175087398" @default.
W2175087398 workType "article" @default.