Both state and federal governmental agencies impose taxes upon the transfer of property or wealth at death or as gifts during lifetime. Transfer taxation is justified on at least four grounds: to restrict a person's right to dispose of property at death or during life, to restrict the acquisition of wealth by way of bequests, to achieve a more equal distribution of wealth, and to tax property accumulations that have escaped taxation as income.
This paper was published in Special Report-Iowa Agricultural and Home Economics Experiment Station (USA), no. 84 (1979)
Boehlje, Michael; Good, William; Harl, Neil; and Achterhof, John, "Intergenerational Transfers And Estate Planning: The Iowa Experience" (1979). Economic Staff Paper Series. 108.