In almost every state, income inequality has increased since the late 1970s. In 30 states, the poorest fifth of families' incomes actually decreased in the last twenty years. In 13 states, the middle fifth of families' incomes decreased. But in every state, the richest fifth of families' incomes increased. Most states tax estates up to the level of the credit.
Some states tax the amount of the credit plus an additional amount.
If the federal estate tax is repealed, the credit will be eliminated, and states would lose most or all of their estate tax revenue. 909 Patrol Officers, or 1,018 Fire Fighters, or 938 Elementary School Teachers, or 6,440 Students Educated for One Year. There are greater needs that tax relief for the wealthy.