000			00927nab a22001217a 4500
008			160615b1996 xxu||||| |||| 00| 0 eng d
100			_aFoster, J D
245			_aThe estate tax drag on family businesses _cFoster, J D.
260			_c1996
300			_a233 - 252
520			_aThis essay considers estate taxes and their effect upon entrepreneurial activity and family business. After a brief history of estate taxes, estate compositions and tax burdens are addressed. Finally, a simulation model is used to quantify the disincentive effect of estate taxation upon wealth accumulation. The simulation model suggests that estate taxes have the same disincentive effect as would a 67% individual tax rate or a 67.85% corporate tax rate. Thus, it would be necessary to roughly double the individual and corporate tax rates to reduce bequests to the level under the current estate tax regime.
773			_aFamily Business Review _dSep
999			_c43542 _d43542