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

...

The Gift Tax Statistics update includes a data from filing year 2011 Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return.  The data comes from a sample of returns filed during 2011, including information regarding total gifts, deductions, credits, and net tax amounts.  The data are presented by tax status and size of total taxable gifts.  Below is an excerpt from the data spreadsheet showing the number and amount of total gifts and annual exclusions classified by tax status and size of taxable gift:

Gift Tax Returns Filed in 2011: Total Gifts of Donor, Deductions, Credits, and Net Tax on Current Period Gifts, by Tax Status and Size of Taxable Gifts [All figures are estimates based on a sample-- money amounts are in whole dollars.] Tax status and size of taxable gifts, current period	Total gifts		Total annual exclusions
	Number	Amount [in whole dollars]	Number	Amount [in whole dollars]
All returns, taxable and nontaxable	219,544	50,949,668,470	209,107	9,289,355,706
$0	78,475	5,846,235,587	78,026	3,688,130,146
Less than $2,500	10,251	785,823,777	8,315	371,842,290
$2,500 under $5,000	6,970	366,805,586	6,947	286,915,844
$5,000 under $10,000	8,324	635,855,597	7,618	360,724,363
$10,000 under $25,000	24,975	1,695,285,728	23,889	872,302,122
$25,000 under $50,000	18,940	1,737,947,570	17,516	707,042,300
$50,000 under $75,000	12,041	1,366,767,680	11,848	530,816,527
$75,000 under $100,000	9,432	1,224,191,247	9,241	282,976,395
$100,000 under $250,000	25,115	5,553,271,637	23,365	954,234,979
$250,000 under $500,000	12,780	5,426,118,527	11,496	529,835,653
$500,000 under $1 million	9,201	7,343,893,148	8,133	390,199,219
$1 million or more	3,040	18,967,472,386	2,712	314,335,867
Nontaxable returns	208,562	29,067,470,991	198,851	8,234,949,491
$0	78,475	5,846,235,587	78,026	3,688,130,146
Less than $2,500	**16,264	**974,660,464	**14,374	**563,579,918
$2,500 under $5,000	**	**	**	**
$5,000 under $10,000	7,942	501,557,270	7,248	301,599,048
$10,000 under $25,000	24,011	1,510,128,793	22,981	792,085,547
$25,000 under $50,000	17,833	1,392,787,860	16,465	611,713,985
$50,000 under $75,000	11,327	1,203,627,397	11,144	467,461,200
$75,000 under $100,000	8,912	1,087,396,855	8,732	239,038,055
$100,000 under $250,000	23,522	4,935,192,366	21,976	821,925,013
$250,000 under $500,000	11,664	4,755,865,011	10,447	430,674,604
$500,000 under $1 million	8,177	6,386,592,900	7,157	299,823,572
$1 million or more	434	473,426,487	300	18,918,402
Taxable returns	10,982	21,882,197,479	10,256	1,054,406,215
$0	0	0	0	0
Less than $2,500	**958	**177,968,900	**888	**95,178,217
$2,500 under $5,000	**	**	**	**
$5,000 under $10,000	382	134,298,327	371	59,125,315
$10,000 under $25,000	964	185,156,934	908	80,216,576
$25,000 under $50,000	1,107	345,159,711	1,051	95,328,316
$50,000 under $75,000	715	163,140,283	703	63,355,327
$75,000 under $100,000	520	136,794,391	509	43,938,340
$100,000 under $250,000	1,592	618,079,271	1,389	132,309,965
$250,000 under $500,000	1,115	670,253,516	1,049	99,161,048
$500,000 under $1 million	1,024	957,300,247	976	90,375,647
$1 million or more	2,606	18,494,045,898	2,412	295,417,465

  
**Indicates that data were combined to prevent disclosure of individual
taxpayer data.


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