In 2023, the revenue from estate and gift tax amounted to 34 billion U.S. dollars. The forecast predicts a decrease in estate and gift tax revenue in 2024 to 33 billion U.S. dollars, followed by an increase up to 66 billion U.S. dollars in 2034. In the United States, an estate tax is a tax on the transfer of property at the time of an individual's death. Gift tax is a tax on the transfer of money or property during an individual's life.
Estate and gift tax revenue and forecast in the United States from 2000 to 2034
(in billion U.S. dollars)
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US Congressional Budget Office. (April 10, 2024). Estate and gift tax revenue and forecast in the United States from 2000 to 2034 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/217518/revenues-from-estate-and-gift-tax-and-forecast-in-the-us/
US Congressional Budget Office. "Estate and gift tax revenue and forecast in the United States from 2000 to 2034 (in billion U.S. dollars)." Chart. April 10, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/217518/revenues-from-estate-and-gift-tax-and-forecast-in-the-us/
US Congressional Budget Office. (2024). Estate and gift tax revenue and forecast in the United States from 2000 to 2034 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/217518/revenues-from-estate-and-gift-tax-and-forecast-in-the-us/
US Congressional Budget Office. "Estate and Gift Tax Revenue and Forecast in The United States from 2000 to 2034 (in Billion U.S. Dollars)." Statista, Statista Inc., 10 Apr 2024, https://www.statista.com/statistics/217518/revenues-from-estate-and-gift-tax-and-forecast-in-the-us/
US Congressional Budget Office, Estate and gift tax revenue and forecast in the United States from 2000 to 2034 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/217518/revenues-from-estate-and-gift-tax-and-forecast-in-the-us/ (last visited December 21, 2024)
Estate and gift tax revenue and forecast in the United States from 2000 to 2034 (in billion U.S. dollars) [Graph], US Congressional Budget Office, April 10, 2024. [Online]. Available: https://www.statista.com/statistics/217518/revenues-from-estate-and-gift-tax-and-forecast-in-the-us/