Tax Policy Center: Estate TaxesTax Policy Center reports on: Estate Taxes - The Tax Policy Center is a joint venture of the Urban Institute and Brookings Institution. The Center is comprised of nationally recognized experts in tax, budget, and social policy who have served at the highest levels of government.Forum on the Estate Tax- January 14, 2003 Following a brief presentation on the estate tax by William Gates, Sr., a distinguished panel of experts discussed the impact that repeal of the estate tax would have on charitable giving, small businesses and family farms, state budgets, the nation's overall economic growth, and more.http://www.taxpolicycenter.org/publications/url.cfm?id=900584&RSSFeed=Estate_Taxes.xml Three-Quarters of Filers Pay More in Payroll Taxes Than in Income Taxes- January 6, 2003 Recent policy discussions have raised the possibility of payroll tax cuts or income tax credits based on payroll tax payments. In 2003, workers and employers each owe 6.2 percent Social Security tax on the first $87,000 of a worker's earnings, and a 1.45 percent Medicare tax on all wages. Although the statutory obligation to pay payroll taxes is split between the worker and the employer, most economists believe that workers bear most or all of the economic burden. About 74 percent of filers owe.http://www.taxpolicycenter.org/publications/url.cfm?id=1000456&RSSFeed=Estate_Taxes.xm... |