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Text File  |  1993-02-17  |  1KB  |  32 lines
  1. REV-23 ADJUST THE RATE STRUCTURE AND BROADEN
  2.        THE BASE FOR ESTATE AND GIFTTAXES
  3.  
  4.                                 Annual Added Revenues
  5.                                 (Billions of dollars)             Cumulative
  6. Addition to          -----------------------------------------    Five-Year
  7. CBO Baseline         1994     1995      1996     1997     1998     Addition
  8. ---------------------------------------------------------------------------
  9.                            Adjust the Rate Structure
  10.  
  11. Reinstate 1992
  12. Top Marginal Rates       a      0.3       0.4      0.4      0.5        1.6
  13.  
  14. Lower the Federal Credit a      2.5       2.8      3.6      4.5       13.4
  15.  
  16.                                Broaden the Base
  17.  
  18. Include Life Insurance
  19. Proceeds in the Base     a      0.2       0.2      0.3      0.3        1.0
  20.  
  21. Reduce Federal Offset
  22. to State Inheritance
  23.  Taxes                   a      0.5       0.6      0.6      0.7        2.4
  24.  
  25.  --------------------------------------------------------------------------
  26.  
  27. SOURCE:  Joint Committee on Taxation.
  28.  
  29. a.  Less than $50 million.
  30.  
  31. ---------------------------------------------------------------------------
  32.