The Tax Policy Center has published Back from the Grave: Revenue and Distributional Effects of Reforming the Federal Estate Tax, by Leonard E. Burman, Katherine Lim & Jeffrey Rohaly:
After reviewing the current wealth transfer tax rules and the changes introduced in 2001, we offer an overview of our modeling methodology. We then use the model to estimate the number of estate tax filers, taxable returns, and the distribution of burden under current law. Finally, we investigate the revenue and distributional effects of several proposals to reform the estate tax, including those put forth by the presidential candidates.
