31-May-06
http://www.taxpolicycenter.org
EXTREMELY PRELIMINARY RESULTS
Table T06-0100
Reported Baucus Estate Tax Compromise -- Extremely Preliminary
Distribution of Gross Estate and Net Estate Tax By Size of Gross Estate, 2010 1
Farms and Businesses2
Size of Gross Estate (millions of
current dollars)
Returns
Percent of
Number
Total
Amount
($millions)
Gross Estate
Average ($ Percent of
thousands)
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
0
200
320
170
100
790
0.0
0.0
0.0
25.3
40.5
21.5
12.7
100.0
0
0
0
829
2,235
2,308
8,994
14,366
0
0
0
4,147
6,984
13,577
89,940
18,185
0.0
0.0
0.0
5.8
15.6
16.1
62.6
100.0
0
0
0
1
38
78
858
975
0
0
0
6
118
458
8,579
1,234
0.0
0.0
0.0
0.1
3.9
8.0
88.0
100.0
0.0
0.0
0.0
0.1
1.7
3.4
9.5
6.8
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
10
90
70
60
230
0.0
0.0
0.0
4.3
39.1
30.4
26.1
100.0
0
0
0
45
631
963
6,099
7,738
0
0
0
4,538
7,008
13,751
101,657
33,644
0.0
0.0
0.0
0.6
8.2
12.4
78.8
100.0
0
0
0
1
38
78
858
975
0
0
0
119
419
1,113
14,298
4,238
0.0
0.0
0.0
0.1
3.9
8.0
88.0
100.0
0.0
0.0
0.0
2.6
6.0
8.1
14.1
12.6
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
0
190
240
100
40
560
0.0
0.0
0.0
33.9
42.9
17.9
7.1
100.0
0
0
0
784
1,604
1,346
2,895
6,628
0
0
0
4,126
6,684
13,455
72,366
11,836
0.0
0.0
0.0
11.8
24.2
20.3
43.7
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 0305-3A).
(1) Calendar year. Numbers of returns have been rounded to the nearest multiple of ten. Provisions include: $3.5 million effective exemption; statutory rate of 15 percent on
taxable estate up to $5 million, 25 percent on taxable estate between $5 million and $10 million, 35 percent on taxable estate greater than $10 million; replace the state death tax
credit with a deduction for state estate taxes paid; and repeal the 5-percent surtax.
(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.