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The figure is $2,193,000 for Washington State. Considering that even starter houses are over a million bucks here, I bet that sweeps in quite a bit more than "nobody".


The median house price in Washington State is $450K. If you have another $1.7M in assets when you die, you died rich.


... with rates at most half the 40% being cited here for federal estate tax.

State policies differ, indeed. Almost all discussion of estate taxes in this thread has focused on or been exclusive to the federal estate tax.


20% is still far from "a world without an estate tax".


WA state has a population of about 8M. Its citizens decided in 1981 to switch from an inheritance tax to an estate tax.

This citizen-driven state law affects slightly more than 2% of the US population, in theory.

In fact, median household income for WA in 2019 was about $78k, median household net worth in 2019 was about $400k, and median family net worth in WA in 2021 was $865k.

So in reality, even within WA state, almost nobody is paying the state estate tax. Here's the Seattle Times from 2019 on the incongruities in state wealth distribution. But notice that even in their numbers, home owner median net worth is still only $900k, less than half the state's estate tax threshold.

https://www.seattletimes.com/seattle-news/data/seattle-house...


The cited article has zero information on what percentage of Washingtonians die with more than $2,000,000 estate value.

Drawing a conclusion that it is "almost nobody" is completely unwarranted.


It seems very difficult to find such information. The best I've managed to do so far has been a report from 2006 which stated:

> About 200 estates per year in Washington pay taxes out of 45,000 deaths – less than half of 1%.

http://www.opportunityinstitute.org/wp-content/uploads/tax-r...

It seems likely that this number has increased since 2006. But by how much?

The same report noted total estate tax revenue at $100M. Adjusting for inflation, and using the total revenue number from 2019 ($297M), it would seem that total revenue has just about doubled. If we make the egalitarian but hardly realistic assumption that the gain in total revenue number has been driven by an equally distributed gain in the value of estates, then it seems that a reasonable back of the envelope guestimate is that in 2019 or thereabouts, roughly 1% of annual deaths trigger estate tax liability.

[ EDIT: in addition, this page from the WA OFM seems to show that whatever the revenue from the state estate tax, it is so low that it doesn't even get it's own category in a chart of state revenue sources:

https://ofm.wa.gov/washington-data-research/statewide-data/w... ]

It's not nobody, but it's a hell of a lot closer to "almost nobody" than "this is a government policy that significant numbers of ordinary people have to worry about".

[EDIT: this page from the WA OFM suggests a possibly notable increase for 2019-2021 estate tax revenue, among other increasing sources of revenue. It's not clear that the increase changes the accuracy of my final paragraph (pre-edit)

https://ofm.wa.gov/about/news/2019/09/state-revenue-projecti... ]


Thanks for doing the work to get better information.




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