Matches in SemOpenAlex for { <https://semopenalex.org/work/W72000306> ?p ?o ?g. }
Showing items 1 to 70 of
70
with 100 items per page.
- W72000306 abstract "Those opposing permanent repeal of the federal estate and generation-skipping taxes have fallen back to the position of advocating a version of these taxes featuring a very large per taxpayer exemption somewhere in the $2-10 million range. Alternatives to a reformed estate and gift tax system are a federal inheritance tax, an accessions tax, and a repeal of the income tax rule that excludes gratuitous receipts from gross income. The merits of taxing vs. not taxing wealth transfers will not be taken up in this contribution, nor will the issue of whether getting rid of free stepped-up basis at death would be superior to any wealth transfer tax system. Instead, the principal purpose is to compare a reformed version of the present system, an inheritance tax, an accessions tax, and an income-inclusion system. One thesis is that the basic features of the existing transfer taxes (large exemptions, unlimited marital deduction) should not simply be carried over intact to any of the alternative systems, each of which should be true to own nature. A second thesis is that a generation-skipping tax (or its equivalent) is not a necessary feature of any system, and is not justifiable on equity grounds or as a means of rendering the system into a proxy wealth tax. The article examines such basic structural features as the appropriate rate and exemption structures, the marital deduction or exemption, exclusions for inter vivos gifts, timing issues, and valuation issues. Among the conclusions reached are that: (1) an unlimited marital exclusion is contrary to the purpose of an accessions tax; (2) an accessions tax and an income-inclusion system offer considerable justification and simplification advantages over an estate tax or an inheritance tax; (3) an exclusion for consumption-type (as opposed to wealth) transfers is justified under any system; (4) an income-inclusion system is doctrinally the simplest, and can be readily integrated into the system of taxing income from trusts; and, (5) the accessions tax and income-inclusion approaches are sufficiently close as to suggest the possibility of a hybrid system that would combine the most appealing features of each." @default.
- W72000306 created "2016-06-24" @default.
- W72000306 creator A5077197430 @default.
- W72000306 date "2002-09-01" @default.
- W72000306 modified "2023-09-23" @default.
- W72000306 title "Comparing a Reformed Estate Tax with an Accessions Tax and an Income-Inclusion System, After Abandoning the Generation-Skipping Tax" @default.
- W72000306 hasPublicationYear "2002" @default.
- W72000306 type Work @default.
- W72000306 sameAs 72000306 @default.
- W72000306 citedByCount "2" @default.
- W72000306 countsByYear W720003062016 @default.
- W72000306 crossrefType "posted-content" @default.
- W72000306 hasAuthorship W72000306A5077197430 @default.
- W72000306 hasConcept C100001284 @default.
- W72000306 hasConcept C111326686 @default.
- W72000306 hasConcept C113216237 @default.
- W72000306 hasConcept C144133560 @default.
- W72000306 hasConcept C162077342 @default.
- W72000306 hasConcept C162324750 @default.
- W72000306 hasConcept C165786947 @default.
- W72000306 hasConcept C17744445 @default.
- W72000306 hasConcept C193681711 @default.
- W72000306 hasConcept C199539241 @default.
- W72000306 hasConcept C2777983025 @default.
- W72000306 hasConcept C2778073360 @default.
- W72000306 hasConcept C2779732188 @default.
- W72000306 hasConcept C551662922 @default.
- W72000306 hasConcept C55214782 @default.
- W72000306 hasConcept C74939039 @default.
- W72000306 hasConceptScore W72000306C100001284 @default.
- W72000306 hasConceptScore W72000306C111326686 @default.
- W72000306 hasConceptScore W72000306C113216237 @default.
- W72000306 hasConceptScore W72000306C144133560 @default.
- W72000306 hasConceptScore W72000306C162077342 @default.
- W72000306 hasConceptScore W72000306C162324750 @default.
- W72000306 hasConceptScore W72000306C165786947 @default.
- W72000306 hasConceptScore W72000306C17744445 @default.
- W72000306 hasConceptScore W72000306C193681711 @default.
- W72000306 hasConceptScore W72000306C199539241 @default.
- W72000306 hasConceptScore W72000306C2777983025 @default.
- W72000306 hasConceptScore W72000306C2778073360 @default.
- W72000306 hasConceptScore W72000306C2779732188 @default.
- W72000306 hasConceptScore W72000306C551662922 @default.
- W72000306 hasConceptScore W72000306C55214782 @default.
- W72000306 hasConceptScore W72000306C74939039 @default.
- W72000306 hasOpenAccess W72000306 @default.
- W72000306 hasRelatedWork W1555031793 @default.
- W72000306 hasRelatedWork W1569796887 @default.
- W72000306 hasRelatedWork W177538746 @default.
- W72000306 hasRelatedWork W2195993591 @default.
- W72000306 hasRelatedWork W2203774384 @default.
- W72000306 hasRelatedWork W2264814433 @default.
- W72000306 hasRelatedWork W2272527860 @default.
- W72000306 hasRelatedWork W230242999 @default.
- W72000306 hasRelatedWork W2371364854 @default.
- W72000306 hasRelatedWork W2372815565 @default.
- W72000306 hasRelatedWork W2404729503 @default.
- W72000306 hasRelatedWork W2744083111 @default.
- W72000306 hasRelatedWork W2803154060 @default.
- W72000306 hasRelatedWork W2884603072 @default.
- W72000306 hasRelatedWork W2907866992 @default.
- W72000306 hasRelatedWork W2978046009 @default.
- W72000306 hasRelatedWork W3112086785 @default.
- W72000306 hasRelatedWork W3123105066 @default.
- W72000306 hasRelatedWork W3125199305 @default.
- W72000306 hasRelatedWork W50860239 @default.
- W72000306 isParatext "false" @default.
- W72000306 isRetracted "false" @default.
- W72000306 magId "72000306" @default.
- W72000306 workType "article" @default.