"Repeal of the Estate Tax Carries a High Cost"
Estate Tax Repeal: A Costly Windfall for the Wealthiest Americans - Rev. 2/6/01: "Repealing the estate tax would be very costly. The estate tax repeal proposed by President Bush would cost $294 billion over the 10 years, 2002 through 2011.(1) But this proposal phases in slowly. The estate tax is only fully repealed in calendar year 2009, and the full revenue effects would not be felt for at least another two years because of the time it takes to settle an estate and pay any taxes. Once the repeal is fully in effect, it would cost over $60 billion a year. Thus the cost of the proposal in the second 10 years � from 2012 to 2021 � would likely be about three-quarters of a trillion dollars, more than twice as expensive as in the first 10 years."