The 'Silver Spoon' Tax: How to Strengthen Wealth Transfer Taxation
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Description
Wealth transfer taxes are a critical policy tool for mitigating economic inequality, including inequality of opportunity. They are also relatively efficient. This essay summarizes why and how wealth transfer taxes should be strengthened. Reform options that our next President should consider include increasing the wealth transfer tax rate, broadening the base, repealing stepped-up basis, addressing talking points against wealth transfer taxes with little or no factual basis, and converting the estate and gift taxes into a direct tax on the recipients of large inheritances.
Source Publication
Delivering Equitable Growth: Strategies for the Next Administration
Publication Date
2016
Recommended Citation
Batchelder, Lily, "The 'Silver Spoon' Tax: How to Strengthen Wealth Transfer Taxation" (2016). Faculty Chapters. 227.
https://gretchen.law.nyu.edu/fac-chapt/227
