IRS Releases 2011 Tax Stats - Estate Tax and Gift Tax Statistics

The IRS Statistics of Income Program (SOI) has posted "SOI Tax Stats - Estate Tax Statistics" and "Gift Tax Statistics," with data from 2011.  The update includes three estate tax statistics spreadsheets showing data from filing year 2011 for estate tax returns (Form 706).  One spreadsheet shows income, deduction, and tax computation data, classified by taxability of estate tax return and size of estate.  A second spreadsheet shows selected estate tax computation data classified by State of residence.  A third spreadsheet shows data regarding charitable bequests classified by state of residence.  Below is an excerpt from the first spreadsheet showing estate tax revenue classified by taxability of estate tax return and size of estate.

Table 1. Estate Tax Returns Filed in 2011, by Tax Status and Size of Gross Estate [Money amounts are in thousands of dollars.] Tax status and size of gross estate	Gross estate for tax purposes
	Number	Money Amount   (in thousands)
All Returns	4,588	48,009,811
Under $3.5 million	601	1,427,959
$3.5 million < $5.0 million	990	4,129,975
$5.0 million < $10.0 million	2,110	13,874,974
$10.0 million < $20.0 million	563	7,531,234
$20.0 million or more	324	21,045,670
All Taxable Returns	1,480	19,832,684
Under $3.5 million	174	428,126
$3.5 million < $5.0 million	278	1,181,171
$5.0 million < $10.0 million	654	4,443,130
$10.0 million < $20.0 million	218	2,967,290
$20.0 million or more	156	10,812,968
All Nontaxable Returns	3,108	28,177,127
Under $3.5 million	427	999,833
$3.5 million < $5.0 million	712	2,948,804
$5.0 million < $10.0 million	1,456	9,431,844
$10.0 million < $20.0 million	345	4,563,945
$20.0 million or more	168	10,232,702

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