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Gross Estate
(redirected from Gross Estates)

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Gross estate
The total value of a person's property and assets before accounting for debts, taxes, and liabilities.
Gross Estate
In estate tax, the sum total value of a decedent's assets plus certain additions before any applicable tax credits or deductions. Gross estate includes, but is not limited to: property (including community property and all savings), certain types of gifts made in the last three years of the decedent's life, property or income transferred before death but under which the decedent maintained use and/or enjoyment, revocable transfers, life insurance, and pensions and annuities with death benefits. See also: Taxable estate.
gross estate
The total dollar value of all the assets in an estate before paying debts and taxes.
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Appreciation in the value of these asset classes would have likely increased the number of decedents with total gross estates of $3.
A look at estate tax returns filed for wealthy decedents since 2001 by Raub, Brian G. / Statistics of Income. SOI Bulletin
For example, to support his assertion that the estate tax is voluntary, Bruce Bartlett stated that tax revenue collected in 1985 as a percentage of gross estates was 17.
The estate tax non-gap: why repeal a "voluntary" tax? by Caron, Paul L.; Repetti, James R. / Stanford Law & Policy Review
[2] The phase out of the unified credit and graduated tax brackets for large estates continues to begin at gross estates of $10,000,000 with an increased bracket differential of five percent until the benefits of the credit and lower brackets are eliminated.
Estate, gift, and trust tax changes made by Taxpayer Relief Act of ... by Kirkwood, Peter T. / Florida Bar Journal
 
 
 
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