a column by Tony Atkinson, Peter Backus and John Micklewright for VOX: CEPR’s Policy Portal
Many governments seek to encourage charitable giving, both in life and upon death, via favourable treatment in the tax code. This column uses new data from the UK to examine how estate size and the inheritance tax threshold influence the decision to make a bequest to charity. The likelihood of including a bequest in a will rises modestly over the bottom half of the estate size distribution, and more rapidly over the upper tail. The results also suggest that the inheritance tax leads to an increase in charitable intent.
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Whilst you may think, as I did, that this post is only relevant to people with lots of money I think many of us would benefit from understanding more about what happens to our money after we die.
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