Wilbur A. Steger & Frederick H. Rueter (both of CONSAD Research Corporation and both adjunct professors at Carnegie Mellon University) have published The Revenue Effects of Estate Tax Repeal and Basis Step-Up Limits, 107 Tax Notes 1314 (June 6, 2005), also available on the Tax Analysts web site as Doc 2005-10960, 2005 TNT 108-22. The article concludes that "the immediate repeal of the estate tax and change in the step-up in basis provisions for inherited assets will result in a net increase or, at worst, an inconsequential net decrease in government revenues."
Steger & Rueter on Increasing Government Revenues Through Estate Tax Repeal and Basis Changes
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