This paper primarily sets out to show that persons included under the U.S. Federal Estate Tax minimize taxes paid on their personal asset transfers. It asserts, and attempts to demonstrate empirically, that testators equalize true bequest and gift tax rates, which expresses the same point somewhat differently.
This paper was published in Journal of Public Economics Vol. 9, Issue 1, pp. 59-71
Adams, James D., "Equalization Of True Gift And Estate Tax Rates" (1978). Economic Staff Paper Series. 151.