Dying for Taxes
When Australia eliminated its estate tax, deaths declined just before the repeal took effect. Could the same thing happen in America?
The source: “Toying With Death and Taxes: Some Lessons From Down Under” by Joshua Gans and Andrew Leigh, in The Economists’ Voice, June 2006.
A curious thing happened in 1979 as Australia prepared to repeal its estate tax. During the final week the tax was in effect, the death rate declined. When the tax was eliminated, the rate ...