Leveling the playing field between inherited income and income from work through an inheritance tax

The Problem The core objectives of tax policymaking should be to raise revenue in an efficient and equitable manner. Current taxation of estates and gifts (and nontaxation of inheritances) fails to meet these goals, perpetuating high levels of economic inequality and impeding intergenerational mobility. The current system also provides an intense incentive to delay realization of capital gains … Continue reading Leveling the playing field between inherited income and income from work through an inheritance tax