May 1, 1976 Tax Review: Impact of Federal Estate and Gift Taxes Dan Throop Smith Dan Throop Smith Print this page Subscribe Support our work Download Tax Review: Impact of Federal Estate and Gift Taxes Executive SummaryEstate and gift taxes are paid out of capital, and deplete the total supply of capital in the economy more fully than any other type of tax, says Professor Smith in this essay. He argues the revenue produced by estate taxes is minor compared to the impact on families and businesses. Topics Center for Federal Tax Policy Estate and Gift Taxes
