Research And Enlightenment On Institutions Of Federal Estate Tax Of United States

Estate Tax, as an important part of Federal Tax system, has existed for over 100 years in United States. In recent years, there are a lot of debates about whether repeal federal estate tax or not, which greatly promote the research of estate tax. At this time, the conditions of levying estate tax in our country have gradually matured, and the analysis to the Federal Estate Tax will be meaningful to the design and construction of our Estate Tax institution. There are four parts in this thesis except introduction and conclusion:The first part is a summary of estate tax. Before we analyze estate tax institution of United States, it is necessary to introduce the definition, feature, history, etc. And this part will lay a solid theory basis for later analysis.The second part is about analysis of federal estate tax debates. The debate about whether repeal estate tax started from tax reformation of Bush and last for almost a decade. This part will conclude reasons of estate tax survived through analyzing tax policies of President Bush and Obama and provide feasibility and necessity basis for levying estate tax in our country.The third part is analysis of Federal Estate Tax law. This part mainly analyze the relative law of estate tax, gift tax and generation-skip tax, based on which have a comparison analysis of these three tax.The fourth part is about evaluation and enlightenment. This part will evaluate federal estate tax institution from two perspectives-equity and efficiency, and then analyze the feasibility and necessity basis of levying estate tax in our country. Estate tax is necessary due to concentration of wealth and wealth gap. And the US is similar to our country to some extent, so some of experience of US could be fit for us and useful for our estate tax design. And in the end, I also offer proposals which is based on former analysis and evaluation for our estate tax design.