Comment Re:What a bunch of pansies (Score 3, Informative) 409
from: http://www.cbpp.org/files/esta...
Today, 99.86 percent of estates owe no estate tax at all, according to the Urban-Brookings Tax Policy Center (TPC).4 Among the 3,780 estates that owe any tax, the “effective” tax rate — that is, the percentage of the estate’s value that is paid in taxes — is 16.6 percent, on average
Only the wealthiest estates in the country pay the tax because it is levied only on the portion of an estate’s value that exceeds a specified exemption level, currently $5.25 million per person (effectively $10.5 million per married couple).