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The Conversation USA

How closing the door on the estate tax could reduce American giving

  • Written by Patrick Rooney, Executive Associate Dean for Academic Programs, Professor of Economics and Philanthropic Studies, Indiana University-Purdue University Indianapolis
imageTaxing inherited wealth builds in an incentive for the rich to give more and splurge less. 1000 Words/Shutterstock.com

Soon after the U.S. gained independence, Uncle Sam began to tax inherited wealth. These levies applied only intermittently, however, until 1916, when Congress and the Wilson administration established the modern estate tax in time...

Read more: How closing the door on the estate tax could reduce American giving

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