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47
Table 7
Political Information and Support for Repealing the Inheritance Tax
Parameter estimates from instrumental variables regressions (with standard errors in parentheses).
Full
sample
Respondents
who say income
gap is larger
and that is
a bad thing
Respondents
who say income
gap is not larger
or larger gap
is not bad
Political Information
(0 to 1)
.043
(.233)
−
.828
(.356)
.820
(.353)
Republican Party
Identification
(
1 to +1)
.390
(.048)
.355
(.089)
.339
(.065)
Family Income
(in $1000s)
.00066
(.00083)
.00052
(.00120)
.00037
(.00117)
“Death tax” wording
.049
(.039)
−
.001
(.065)
.068
(.051)
Intercept
.345
(.097)
.786
(.176)
.037
(.133)
Standard Error of Regression
.712 .761 .698
R-squared
.07 .05 .08
N
1346 594 752
“There has been a lot of talk recently about doing away with the tax on large inheritances, the so-called
“estate tax” [“death tax”]. Do you
FAVOR
or
OPPOSE
doing away with the estate tax [death tax]? Do
you favor [oppose] doing away with the estate tax [death tax]
STRONGLY
or
NOT STRONGLY
?”
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