Taxing Billionaires: Estate Taxes and the Geographical Location of the Ultra-Wealthy

Enrico Moretti, Daniel J. Wilson

NBER Working Paper No. 26387
Issued in October 2019, Revised in September 2020

---- Acknowledgments ----

We thank Alan Auerbach, Sebastien Bradley, Isabel Martinez, Emmanuel Saez, Gabriel Zucman, and seminar participants at the University of California, Berkeley; the Federal Reserve Bank of San Francisco; the University of Nevada; the 2019 NBER Taxation conference; the 2019 Utah Tax Invitational; and the 2019 IIPF annual meetings for useful suggestions. We are grateful to Annemarie Schweinert and Amber Flaharty for excellent research assistance. The views expressed in this paper are solely those of the authors and do not necessarily reflect the views of the Federal Reserve Bank of San Francisco, the Board of Governors of the Federal Reserve System, or the National Bureau of Economic Research.

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