Key Elements: Wealth Transfer Taxes

This section outlines ways in which the United States taxes transfers of wealth and how those taxes change over time.

• How do the estate gift, and generation-skipping transfer taxes work?
• Who pays the estate tax?
• How many people pay the estate tax?
• What did the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) do to the estate, gift, and generation-skipping transfer taxes?
• How could we reform the estate tax?
• What is an inheritance tax?