How much money does the estate tax raise?
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Studied at the University of Cambridge, Lives in Cambridge, UK.
Despite its high tax rate, the U.S. estate tax accounts for less than 1 percent of total federal revenue. In 2014, the estate tax raised $19.3 billion according to the OMB, or 0.6 percent of total federal revenue of over $3 trillion.
2023-05-14 23:43:27
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Noah Lee
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Despite its high tax rate, the U.S. estate tax accounts for less than 1 percent of total federal revenue. In 2014, the estate tax raised $19.3 billion according to the OMB, or 0.6 percent of total federal revenue of over $3 trillion.
