Federal estate and gift taxes affect fewer than _____ percent of the wealthiest Americans each year.

Question

Quizplus · Accepted Answer

According to recent data from the Tax Policy Center, only about 0.1% of estates (or one out of every 1,000) owe federal estate taxes each year. This means that fewer than 1% (or 1 out of every 100) of the wealthiest Americans are affected by federal estate and gift taxes. Therefore, the best answer is A) 1 percent.

Federal Estate and Gift Taxes Affect Fewer Than _____ Percent