what % of the fed. budget does the estate tax cover ?

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what % of the fed. budget does the estate tax cover ?

2006-06-08 05:31:33 · 2 answers · asked by doug d 1 in Business & Finance ➔ Taxes ➔ United States

2 answers

Estate and gift taxes are around 1% of total revenues.

2006-06-08 05:41:03 · answer #1 · answered by just_the_facts_ma'am 6 · 2⤊ 0⤋

In 2005, Estate and Gift taxes totaled 24 billion.

Total receipts totaled 2154 billion, so it's around 1%. Maybe less. They didn't break down how much of the 24 was estate and how much was gift.

2006-06-08 05:40:35 · answer #2 · answered by Arbitrage 7 · 0⤊ 0⤋