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The Vanishing Bequest Tax The Comparative Evolution of Bequest Taxation in Historical Perspective *
Several countries have recently abolished or significantly reduced their taxes on bequests. Bequest taxes, on the other hand, were among the first to be introduced when modern systems of taxation were developed at the end of the nineteenth century. We propose an explanation for these facts which is based on a dynamic political economy model where redistribution is determined not only by wealth inequality but also by sectoral reallocation from agriculture to manufacturing. The model shows thatfatcat:c6folrxf2nbzthafknbv2bspze