7-Apr-09
http://www.taxpolicycenter.org
PRELIMINARY RESULTS
Click on PDF or Excel link to see additional breakdowns for farms and businesses.
Table T09-0198
$3.5 Million Exemption and 45 Percent Rate
Distribution of Gross Estate and Net Estate Tax By Size of Gross Estate, 2011 1
Size of Gross Estate (millions of 2009
dollars)
Returns
Percent of
Number
Total
Amount
($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
740
6,420
5,640
2,100
1,270
16,170
0.0
0.0
4.6
39.7
34.9
13.0
7.9
100.0
0
0
2,627
27,574
40,027
28,957
76,582
175,767
0
0
3,550
4,295
7,097
13,789
60,301
10,870
0.0
0.0
1.5
15.7
22.8
16.5
43.6
100.0
0
0
2
423
2,671
3,974
11,546
18,617
0
0
2
66
474
1,892
9,092
1,151
0.0
0.0
0.0
2.3
14.3
21.3
62.0
100.0
0.0
0.0
0.1
1.5
6.7
13.7
15.1
10.6
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
1,640
2,600
1,320
830
6,410
0.0
0.0
0.3
25.6
40.6
20.6
12.9
100.0
0
0
76
7,084
19,037
18,130
55,098
99,426
0
0
3,801
4,320
7,322
13,735
66,384
15,511
0.0
0.0
0.1
7.1
19.1
18.2
55.4
100.0
0
0
2
423
2,671
3,974
11,546
18,617
0
0
80
258
1,027
3,010
13,911
2,904
0.0
0.0
0.0
2.3
14.3
21.3
62.0
100.0
0.0
0.0
2.1
6.0
14.0
21.9
21.0
18.7
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
720
4,790
3,040
780
450
9,760
0.0
0.0
7.4
49.1
31.1
8.0
4.6
100.0
0
0
2,551
20,490
20,989
10,828
21,483
76,341
0
0
3,543
4,278
6,904
13,881
47,741
7,822
0.0
0.0
3.3
26.8
27.5
14.2
28.1
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 0309-1).
(1) Calendar year. Numbers of returns have been rounded to the nearest multiple of ten. The $3.5 million exemption would not be indexed for inflation. Proposal also repeals the 5percent 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.
7-Apr-09
http://www.taxpolicycenter.org
PRELIMINARY RESULTS
Table T09-0198
$3.5 Million Exemption 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
30
470
330
830
0.0
0.0
3.6
56.6
39.8
100.0
0
0
100
2,009
2,172
4,281
0
0
3,322
4,275
6,581
5,158
0.0
0.0
2.3
46.9
50.7
100.0
0
0
0
4
65
69
0
0
0
8
198
83
0.0
0.0
0.0
5.6
94.4
100.0
0.0
0.0
0.0
0.2
3.0
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
60
100
0.0
0.0
0.0
40.0
60.0
100.0
0
0
2
163
462
627
0
0
0
4,080
7,704
6,274
0.0
0.0
0.3
26.0
73.7
100.0
0
0
0
4
65
69
0
0
0
97
1,088
691
0.0
0.0
0.0
5.6
94.4
100.0
0.0
0.0
0.0
2.4
14.1
11.0
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
30
440
260
730
0.0
0.0
4.1
60.3
35.6
100.0
0
0
98
1,846
1,710
3,654
0
0
3,255
4,196
6,575
5,005
0.0
0.0
2.7
50.5
46.8
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 0309-1).
(1) Calendar year. Numbers of returns have been rounded to the nearest multiple of ten. The $3.5 million exemption would not be indexed for inflation. Proposal also repeals the 5percent 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.
7-Apr-09
http://www.taxpolicycenter.org
PRELIMINARY RESULTS
Table T09-0198
$3.5 Million Exemption and 45 Percent Rate
Distribution of Gross Estate and Net Estate Tax By Size of Gross Estate, 2011 1
Farms and Businesses2
Size of Gross Estate (millions of 2009
dollars)
Returns
Percent of
Total
Number
Amount
($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
30
470
420
210
320
1,450
0.0
0.0
2.1
32.4
29.0
14.5
22.1
100.0
0
0
100
2,009
2,997
2,923
19,342
27,371
0
0
3,322
4,275
7,137
13,917
60,445
18,877
0.0
0.0
0.4
7.3
11.0
10.7
70.7
100.0
0
0
0
4
91
283
2,472
2,850
0
0
0
8
218
1,349
7,725
1,966
0.0
0.0
0.0
0.1
3.2
9.9
86.7
100.0
0.0
0.0
0.0
0.2
3.0
9.7
12.8
10.4
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
200
440
0.0
0.0
0.0
9.1
20.5
25.0
45.5
100.0
0
0
2
163
659
1,547
13,731
16,102
0
0
0
4,080
7,319
14,064
68,654
36,595
0.0
0.0
0.0
1.0
4.1
9.6
85.3
100.0
0
0
0
4
91
283
2,472
2,850
0
0
0
97
1,015
2,575
12,360
6,478
0.0
0.0
0.0
0.1
3.2
9.9
86.7
100.0
0.0
0.0
0.0
2.4
13.9
18.3
18.0
17.7
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
30
440
340
100
120
1,020
0.0
0.0
2.9
43.1
33.3
9.8
11.8
100.0
0
0
98
1,846
2,339
1,375
5,612
11,270
0
0
3,255
4,196
6,879
13,755
46,763
11,049
0.0
0.0
0.9
16.4
20.8
12.2
49.8
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 0309-1).
(1) Calendar year. Numbers of returns have been rounded to the nearest multiple of ten. The $3.5 million exemption would not be indexed for inflation. Proposal also repeals the 5percent 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.
7-Apr-09
http://www.taxpolicycenter.org
PRELIMINARY RESULTS
Table T09-0198
$3.5 Million Exemption and 45 Percent Rate
Distribution of Gross Estate and Net Estate Tax By Size of Gross Estate, 2011
1
Returns with any Farm or Business Assets
Size of Gross Estate (millions of 2009
dollars)
Returns
Percent of
Total
Number
Amount
($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
270
2,980
2,920
1,420
1,020
8,610
0.0
0.0
3.1
34.6
33.9
16.5
11.8
100.0
0
0
965
12,845
20,906
19,285
64,532
118,534
0
0
3,574
4,310
7,160
13,581
63,267
13,767
0.0
0.0
0.8
10.8
17.6
16.3
54.4
100.0
0
0
0
115
1,044
2,482
9,536
13,176
0
0
0
39
357
1,748
9,349
1,530
0.0
0.0
0.0
0.9
7.9
18.8
72.4
100.0
0.0
0.0
0.0
0.9
5.0
12.9
14.8
11.1
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
520
1,120
850
640
3,140
0.0
0.0
0.0
16.6
35.7
27.1
20.4
100.0
0
0
5
2,264
8,295
11,369
46,268
68,201
0
0
0
4,353
7,406
13,376
72,294
21,720
0.0
0.0
0.0
3.3
12.2
16.7
67.8
100.0
0
0
0
115
1,044
2,482
9,536
13,176
0
0
0
221
932
2,920
14,899
4,196
0.0
0.0
0.0
0.9
7.9
18.8
72.4
100.0
0.0
0.0
0.0
5.1
12.6
21.8
20.6
19.3
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
270
2,460
1,800
570
370
5,480
0.0
0.0
4.9
44.9
32.8
10.4
6.8
100.0
0
0
961
10,581
12,611
7,916
18,264
50,333
0
0
3,557
4,301
7,006
13,887
49,362
9,185
0.0
0.0
1.9
21.0
25.1
15.7
36.3
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 0309-1).
(1) Calendar year. Numbers of returns have been rounded to the nearest multiple of ten. The $3.5 million exemption would not be indexed for inflation. Proposal also repeals the 5percent 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.