The estate tax is a tax that is levied on all property that is declared in a deceased person’s will. The tax is also known as the “inheritance tax” or “death tax.” In 2016, the estate tax rate is 40% and only applies to estates with a value greater than $5.45 million. In 2015 5,300 estates in the U.S. were subject to the tax and paid $18.4 billion in taxes. Proponents of the tax, including Hillary Clinton, argue that more estates should be subject to the tax and the threshold should be lowered from $5.45 million to $3.5 million. Opponents of the tax, including Donald Trump, argue that people who have paid income taxes their entire life should not be subject to another tax when they die.
Statistics are shown for this demographic
Response rates from 611 Utah voters.
58% Yes |
42% No |
51% Yes |
33% No |
7% Yes, and we should eliminate it |
7% No, I am satisfied with the current rate |
2% No, and increase it at a progressive rate |
Trend of support over time for each answer from 611 Utah voters.
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Trend of how important this issue is for 611 Utah voters.
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Unique answers from Utah voters whose views went beyond the provided options.
@8NK6PJ64yrs4Y
Not sufficiently well-informed to make a judgement.
@8XLR4JX 1yr1Y
No, it should mirror a progressive tax equivalent to both the deceased and the inheritant’s respective incomes.
@9RH3CPQ5mos5MO
Yes, but only for people who live in the house they own. People who own multiple residences should have increased taxes.
@9RR7JNS4mos4MO
Yes, the tax system is too convoluted and a flat wealth tax should be considered as opposed to several different tax types
@8ZMCHXD3yrs3Y
it should progressively increase as the value of the estate grows higher. (small estate - no tax, medium - 10 to 20 percent - large, up to 45 percent
@9VJZZCG2mos2MO
Yes, and we should eliminate it because it hurts farmers and their families who don’t have the money to pay taxes on such large properties once the owner dies.
@9RV4TYK4mos4MO
Inheritance of anything other than real estate should be banned in order to limit the cycles of generational wealth and poverty. When they die, a person's assets should be reclaimed by the government and placed into the Universal Basic Income fund.
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