6-Oct-09
http://www.taxpolicycenter.org
PRELIMINARY RESULTS
Click on PDF or Excel link to see additional breakdowns for farms and businesses.
Table T09-0397
$3.5 Million Exemption, Indexed for Inflation and 45 Percent Rate
Distribution of Gross Estate and Net Estate Tax By Size of Gross Estate, 2011 1
Size of Gross Estate (millions of 2009
dollars)
Returns
Percent of
Number
Total
Amount
($millions)
Gross Estate
Average ($
thousands)
Percent of
Total
Amount
($millions)
Net Estate Tax
Average ($ Percent of
thousands)
Total
Average Tax
2
Rate
ALL RETURNS
Less than 1.0
1.0 - 2.0
2.0 - 3.5
3.5 - 5.0
5.0 - 10.0
10.0 - 20.0
More than 20.0
All
0
0
300
6,740
5,790
1,880
1,200
15,900
0.0
0.0
1.9
42.4
36.4
11.8
7.5
100.0
0
0
1,069
28,771
40,651
25,583
70,407
166,482
0
0
3,564
4,269
7,021
13,608
58,672
10,471
0.0
0.0
0.6
17.3
24.4
15.4
42.3
100.0
0
0
0
389
2,831
3,449
11,234
17,903
0
0
1
58
489
1,835
9,362
1,126
0.0
0.0
0.0
2.2
15.8
19.3
62.7
100.0
0.0
0.0
0.0
1.4
7.0
13.5
16.0
10.8
TAXABLE RETURNS
Less than 1.0
1.0 - 2.0
2.0 - 3.5
3.5 - 5.0
5.0 - 10.0
10.0 - 20.0
More than 20.0
All
0
0
0
1,380
2,840
1,200
820
6,240
0.0
0.0
0.0
22.1
45.5
19.2
13.1
100.0
0
0
0
6,049
20,462
16,061
52,202
94,782
0
0
0
4,383
7,205
13,384
63,661
15,189
0.0
0.0
0.0
6.4
21.6
16.9
55.1
100.0
0
0
0
389
2,831
3,449
11,234
17,903
0
0
0
282
997
2,874
13,700
2,869
0.0
0.0
0.0
2.2
15.8
19.3
62.7
100.0
0.0
0.0
0.0
6.4
13.8
21.5
21.5
18.9
NON-TAXABLE RETURNS
Less than 1.0
1.0 - 2.0
2.0 - 3.5
3.5 - 5.0
5.0 - 10.0
10.0 - 20.0
More than 20.0
All
0
0
300
5,350
2,950
690
380
9,670
0.0
0.0
3.1
55.3
30.5
7.1
3.9
100.0
0
0
1,061
22,723
20,189
9,522
18,205
71,700
0
0
3,535
4,247
6,844
13,800
47,908
7,415
0.0
0.0
1.5
31.7
28.2
13.3
25.4
100.0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-3).
(1) Calendar year. Numbers of returns have been rounded to the nearest multiple of ten. The $3.5 million exemption would be indexed for inflation after 2009. Proposal also repeals
the 5-percent surtax and replaces the credit for state estate taxes paid with a deduction.
(2) Average net estate tax liability as a percentage of average gross estate.
6-Oct-09
http://www.taxpolicycenter.org
PRELIMINARY RESULTS
Table T09-0397
$3.5 Million Exemption, Indexed for Inflation and 45 Percent Rate
1
Distribution of Gross Estate and Net Estate Tax By Size of Gross Estate, 2011
Farms and Businesses Under $5 Million2
Size of Gross Estate (millions of 2009
dollars)
Returns
Percent of
Number
Total
Amount
($millions)
Gross Estate
Average ($
thousands)
Percent of
Total
Amount
($millions)
Net Estate Tax
Average ($ Percent of
thousands)
Total
Average Tax
Rate3
ALL RETURNS
Less than 1.0
1.0 - 2.0
2.0 - 3.5
3.5 - 5.0
5.0 - 10.0
All
0
0
20
590
300
910
0.0
0.0
2.2
64.8
33.0
100.0
0
0
63
2,483
2,027
4,572
0
0
3,140
4,208
6,756
5,024
0.0
0.0
1.4
54.3
44.3
100.0
0
0
0
2
70
72
0
0
0
4
232
79
0.0
0.0
0.0
3.5
96.5
100.0
0.0
0.0
0.0
0.1
3.4
1.6
TAXABLE RETURNS
Less than 1.0
1.0 - 2.0
2.0 - 3.5
3.5 - 5.0
5.0 - 10.0
All
0
0
0
40
70
100
0.0
0.0
0.0
40.0
70.0
100.0
0
0
0
152
500
653
0
0
0
3,810
7,144
6,527
0.0
0.0
0.0
23.4
76.6
100.0
0
0
0
2
70
72
0
0
0
62
995
721
0.0
0.0
0.0
3.5
96.5
100.0
0.0
0.0
0.0
1.6
13.9
11.1
NON-TAXABLE RETURNS
Less than 1.0
1.0 - 2.0
2.0 - 3.5
3.5 - 5.0
5.0 - 10.0
All
0
0
20
550
240
810
0.0
0.0
2.5
67.9
29.6
100.0
0
0
63
2,330
1,527
3,920
0
0
3,130
4,237
6,361
4,839
0.0
0.0
1.6
59.5
38.9
100.0
0
0
0
0
0
0
0
0
0
0
0
0
n/a
n/a
n/a
n/a
n/a
n/a
0.0
0.0
0.0
0.0
0.0
0.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-3).
(1) Calendar year. Numbers of returns have been rounded to the nearest multiple of ten. The $3.5 million exemption would be indexed for inflation after 2009. Proposal also repeals
the 5-percent surtax and replaces the credit for state estate taxes paid with a deduction.
(2) Estate tax returns where farm and business assets represent at least half of gross estate and these assets total no more than $5 million.
(3) Average net estate tax liability as a percentage of average gross estate.
6-Oct-09
http://www.taxpolicycenter.org
PRELIMINARY RESULTS
Table T09-0397
$3.5 Million Exemption, Indexed for Inflation and 45 Percent Rate
Distribution of Gross Estate and Net Estate Tax By Size of Gross Estate, 2011 1
Farms and Businesses2
Size of Gross Estate (millions of 2009
dollars)
Returns
Percent of
Total
Number
Amount
($millions)
Gross Estate
Average ($
thousands)
Percent of
Total
Amount
($millions)
Net Estate Tax
Average ($ Percent of
thousands)
Total
Average Tax
Rate3
ALL RETURNS
Less than 1.0
1.0 - 2.0
2.0 - 3.5
3.5 - 5.0
5.0 - 10.0
10.0 - 20.0
More than 20.0
All
0
0
20
590
410
200
390
1,600
0.0
0.0
1.3
36.9
25.6
12.5
24.4
100.0
0
0
63
2,483
2,902
2,736
18,597
26,781
0
0
3,140
4,208
7,077
13,682
47,685
16,738
0.0
0.0
0.2
9.3
10.8
10.2
69.4
100.0
0
0
0
2
96
236
2,575
2,909
0
0
0
4
234
1,182
6,601
1,818
0.0
0.0
0.0
0.1
3.3
8.1
88.5
100.0
0.0
0.0
0.0
0.1
3.3
8.6
13.8
10.9
TAXABLE RETURNS
Less than 1.0
1.0 - 2.0
2.0 - 3.5
3.5 - 5.0
5.0 - 10.0
10.0 - 20.0
More than 20.0
All
0
0
0
40
90
110
280
520
0.0
0.0
0.0
7.7
17.3
21.2
53.8
100.0
0
0
0
152
722
1,475
13,800
16,150
0
0
0
3,810
8,024
13,408
49,286
31,057
0.0
0.0
0.0
0.9
4.5
9.1
85.5
100.0
0
0
0
2
96
236
2,575
2,909
0
0
0
62
1,065
2,148
9,195
5,595
0.0
0.0
0.0
0.1
3.3
8.1
88.5
100.0
0.0
0.0
0.0
1.6
13.3
16.0
18.7
18.0
NON-TAXABLE RETURNS
Less than 1.0
1.0 - 2.0
2.0 - 3.5
3.5 - 5.0
5.0 - 10.0
10.0 - 20.0
More than 20.0
All
0
0
20
550
310
90
100
1,080
0.0
0.0
1.9
50.9
28.7
8.3
9.3
100.0
0
0
63
2,330
2,180
1,261
4,797
10,631
0
0
3,130
4,237
7,031
14,017
47,970
9,844
0.0
0.0
0.6
21.9
20.5
11.9
45.1
100.0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-3).
(1) Calendar year. Numbers of returns have been rounded to the nearest multiple of ten. The $3.5 million exemption would be indexed for inflation after 2009. Proposal also repeals
the 5-percent surtax and replaces the credit for state estate taxes paid with a deduction.
(2) Estate tax returns where farm and business assets represent at least half of gross estate.
(3) Average net estate tax liability as a percentage of average gross estate.
6-Oct-09
http://www.taxpolicycenter.org
PRELIMINARY RESULTS
Table T09-0397
$3.5 Million Exemption, Indexed for Inflation and 45 Percent Rate
Distribution of Gross Estate and Net Estate Tax By Size of Gross Estate, 2011
1
Returns with any Farm or Business Assets
Size of Gross Estate (millions of 2009
dollars)
Returns
Percent of
Total
Number
Amount
($millions)
Gross Estate
Average ($
thousands)
Percent of
Total
Amount
($millions)
Net Estate Tax
Average ($ Percent of
thousands)
Total
Average Tax
Rate2
ALL RETURNS
Less than 1.0
1.0 - 2.0
2.0 - 3.5
3.5 - 5.0
5.0 - 10.0
10.0 - 20.0
More than 20.0
All
0
0
130
3,240
3,190
1,280
980
8,820
0.0
0.0
1.5
36.7
36.2
14.5
11.1
100.0
0
0
481
13,883
22,705
17,089
60,144
114,302
0
0
3,703
4,285
7,117
13,350
61,372
12,959
0.0
0.0
0.4
12.1
19.9
15.0
52.6
100.0
0
0
0
89
1,342
2,131
9,537
13,098
0
0
0
27
421
1,665
9,732
1,485
0.0
0.0
0.0
0.7
10.2
16.3
72.8
100.0
0.0
0.0
0.0
0.6
5.9
12.5
15.9
11.5
TAXABLE RETURNS
Less than 1.0
1.0 - 2.0
2.0 - 3.5
3.5 - 5.0
5.0 - 10.0
10.0 - 20.0
More than 20.0
All
0
0
0
400
1,390
770
660
3,220
0.0
0.0
0.0
12.4
43.2
23.9
20.5
100.0
0
0
1
1,734
10,214
10,010
44,680
66,638
0
0
0
4,335
7,348
12,999
67,696
20,695
0.0
0.0
0.0
2.6
15.3
15.0
67.0
100.0
0
0
0
89
1,342
2,131
9,537
13,098
0
0
0
221
965
2,768
14,450
4,068
0.0
0.0
0.0
0.7
10.2
16.3
72.8
100.0
0.0
0.0
0.0
5.1
13.1
21.3
21.3
19.7
NON-TAXABLE RETURNS
Less than 1.0
1.0 - 2.0
2.0 - 3.5
3.5 - 5.0
5.0 - 10.0
10.0 - 20.0
More than 20.0
All
0
0
130
2,840
1,800
520
320
5,610
0.0
0.0
2.3
50.6
32.1
9.3
5.7
100.0
0
0
481
12,149
12,490
7,079
15,464
47,664
0
0
3,696
4,278
6,939
13,614
48,326
8,496
0.0
0.0
1.0
25.5
26.2
14.9
32.4
100.0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0509-3).
(1) Calendar year. Numbers of returns have been rounded to the nearest multiple of ten. The $3.5 million exemption would be indexed for inflation after 2009. Proposal also repeals
the 5-percent surtax and replaces the credit for state estate taxes paid with a deduction.
(2) Average net estate tax liability as a percentage of average gross estate.