# Estimates of Personal Wealth, 1982: A Second Look

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Estimates of Personal Wealth, 1982: A Second Look

By Marvin Schwartz*

According to updated estimates of the personal wealth of
individuals in 1982, approximately 4.5 million people had
gross assets of $325,000 or more that year These individuals, the Nation's "top wealth holders," represented only 2.8
percent of the Nation's adult population [11. Their net worth,
estimated from estate tax returns using the "estate multiplier
technique," exceeded $2.7 trillion and accounted for approximately 29.6 percent of the personal wealth in the
United States in 1982 [2].

those individuals or "top wealthholders" who control a large
portion of the personal wealth in the United States. (The
mechanics of the estimating technique are discussed later)

In contrast, during 1976, fewer than 2 million people had
gross assets of $300,000 or more, the amount closest to the
level at which data are available for 1982. The net worth of
these top wealthholders in 1976 was approximately $1.0
trillion.

The updated estimates of personal wealth in 1982 represent the first phase of an effort by the Internal Revenue
Service to improve the accuracy of the data [4,5]. In the
past, wealth estimates, such as the preliminary estimates for
1982 published earlier, were made from the Statistics of
Income sample of estate tax returns filed in a given year for
deaths that had occurred over several years [6]. Thus, the
wealth estimates generated from a sample selected on a
filing year basis actually reflected the value of wealth held
during several years, unadjusted for the rates of inflation
applicable to those years.

Just as the total number of top wealthholders increased
during this period, so did the millionaires among them.
Approximately 475,000 individuals had a net worth of $1
million or more in 1982, well over twice the number in 1976
(180,000). The sharp increase in the number of millionaires
between 1976 and 1982, however, was largely due to
inflation. On the basis of constant 1976 dollars, only
232,000 individuals-52,000 more than in 1976-had a net
worth of $1 milliGn or more in 1982 [3].

The final personal wealth estimates for 1982 presented
here are based on estate tax returns filed from 1982
through 1984 for individuals who died in 1982 [7]. By
sampling returns filed over this 3-year period, the returns
filed for nearly all individuals who died in 1982 can be
captured. The advantage of a "year-of-cleath" sample is it
represents the wealth of a given year, rather than a series of
years, and thus more accurately reflects wealth at a particular time.

ESTIMATING PERSONAL WEALTH FROM ESTATE
TAX RETURNS
The measurement of personal wealth in the United States
has attracted considerable attention in recent years. This
interest has been stimulated by a number of factors, not the
least of which is the public's fascination with the topic.
Accurate and comprehensive estimates of wealth, however,
are difficult to obtain, because individuals are not required
to report information on wealth regularly on any tax return or
other public document. Several alternative approaches,
each with its own merits, have been developed. The
estimates presented here are based on the "estate multiplier technique." This approach utilizes administrative
records, in particular, estate tax returns filed for the deceased to estimate the wealth of the living population.
This procedure can be used to estimate wealth for all
individuals whose assets exceed the estate filing requirement in effect that year Estimates of wealth thus can be
provided for the top 2 to 3 percent of the wealthholders*Foreign Special Projects Section. Prepared under the direction of
Mike Alexander, Chief.

As the level of gross estate (or gross assets) required for
filing an estate tax return has increased, the definition of top
wealthholders also has changed. The level of wealth to
which the estimates apply rose from $60,000 or more in
1972 to $120,000 or more for 1976 and subsequently to
$325,000 or more for 1982. While summary estimates of
wealth are provided for wealthholders with gross assets of
$325,000 or more, asset detail is presented only for individuals with gross assets exceeding $500,000 because
such detail was not required for the estates of decedents
with smaller assets.
The gross estate criterion is a Federal estate tax concept
of wealth that does not conform to the usual definitions of
wealth, primarily because it includes the face value of life
insurance in the wealth of the decedent. Therefore, three
measures of wealth are used in this article: gross assets (or
gross estate), total assets, and net worth.
Gross assets reflect the gross value of all assets, including the full face value of life insurance reduced by policy
loans but excluding any reduction for other indebtedness.
This measure defines the individuals included in the top
31

32

Estimates of Petsonal Wealth, 1982: A Second Look
wealthholder group. The amount of total assets, a lower
wealth value, is still essentially a gross measure. Total assets
are obtained by using the cash value of life insurance, i.e.,
the value the insurance had immediately before the policyholder's death [8]. Net worth, the level of wealth after all
debts have been removed, includes the cash value of life
insurance.
PERSONAL WEALTH IN 1982
Female wealthholders accounted for ~8.3 percent of the
4.5 million top wealthholders in 1982 (see Figure A) compared with 32.8 percent in 1976. But because women held
43.4 percent of the net worth of top wealthholders in 1982,
they had an average net worth nearly 24 percent higher
than that of their male counterparts.
Figure A.-Top Wealthholders With Gross Assets of
$325,000 or More, by Sex, 1982
[Number of wealthholders in thousands; amounts in billions, except as indicated]
Item

Total

Male

Female

Number of top
wealthholders ............. ...........

4,479

2,763

1,715

Total assets .................................

$3,218

$1,916

$1,302

Net worth ........ .......... ...............

2,714

1,536

1,178

Average net
worth (dollars) ........................

605,900

555,700

686,700

.

Composition of Assets
In 1982, real estate constituted the largest share of the
assets held by all individuals with gross assets exceeding
$500,000 (see Figure B), continuing the trend first observed
the previous year [9]. In contrast, estate multiplier estimates.
of wealth for 1976and earlier years showed corporate stock
to be the most commonly-held asset [10]. Real estate and
corporate stock together accounted for more than 62
percent of the assets of these top wealthholders in 1982.
Figure B.-All Top Wealthholders With Gross Assets
Exceeding $500,000, by Type of Asset and Sex, 1982
Type of asset

Total

Males

Females

Total assets ..........................
Real estate .............. ..................
Corporate stock .........................
Cash ... ......................................
Noncorporate business
assets .................. ..................
Bonds ........................................
N tes and mortgages ................
Other
Life insurance ............................
assets ...............................

100.0%
32.5
29.9
8.4

100.0%
32.7
29.7
7.4

100.0%
32.2
30.3
9.8

7.8
7.0
4.7
1.2
8.5

9.2
5.5
5.1
1.8
8.6

5.5
9.4
4.2
0.3
8.3

Corporate stock, long the most prominent asset in the
portfolio of top wealthholders, declined from more than 35
percent of the assets in 1976 to roughly 30 percent in 1982,
probably because of the decline in the stock market, as well
as the increase in the value of real estate during that period
Industrial
[11). Between 1976 and 1982 the Dow-Jones
'
Average fell 9.3 percent while the Consumer Price Index for

home purchases rose 67.2 percent [12, 13]. These measures of the market condition are reflected in the shift in the
composition of the assets of the wealthy for these 2 years.
Bonds and noncorporate business assets also switched
positions of importance [14]. The share of assets held as
bonds declined from more than 9 percent in 1976 to 7
percent in 1982, .and noncorporate business assets increased from 5 percent of the assets in 1976 to nearly 8
percent in 1982.
A look at the composition of assets by sex shows that the
share of the wealth held in the form of real estate and
corporate stock, was similar for men and women. On the
other hand, the difference in the proportion of the wealth
held as bonds or as noncorporate business assets is
noteworthy. Noncorporate business assets made up 9
percent of the assets of men in 1982, compared with 5.5
percent for women. Conversely, wealth held by women,was
typified by a greater concentration in bonds, over 9 percent, compared with only 5.5 percent for men. An examination of all other assets shows that notes and mortgages
and life insurance constituted a more significant portion of
the assets of men, while cash represented a greater share
of the assets of women.
Although, real estate constituted the greatest share of the
assets in the portfolio of all top wealthholders, the proportions of wealth held as real estate and corporate stock were
quite different for millionaires and submil,lionaires (see Figure C). Real estate made up just 25 percent of the assets of
millionaires; they held more.than 38 percent of their assets
as corpo rate stock. In contrast, real estate. accounted for
almost 42 percent of the assets of submillionaires; 20
percent of their assets were in corporate stock.
Figure C.-All Top Wealthholders With Gross Assets
' by Type of
Exceeding $500,000, by Size of Net Worth and
Asset, 1982
Size of et worth
Type of asset

Total assets ..........................................
Real estate ..............................................
Corporate stock ......................................
Cash .......................................................
Noncorporate business
assets ..................................................
Notes and mortgages .............................
Bonds ......... ...........................................
Life insurance .........................................
Other assets .......... .................................

Under
$1,000,000

$1,000,000
or more

100.00/0
41.6
20.1
10.5

100.00/0
24.6
38.5

7.1
5.3
4.8
2.0
8.5

8.3
4.2
9.0
0.6
8.4

6.5

Cash and bonds together represented just over 15
percent of the assets of both groups of top wealthholders
but were held in quite different proportions. Whereas bonds
represented just under 5 percent of the assets of the less
wealthy group, they were, at 9 percent of the assets, the
third most common asset held by millionaires. Proportionately, millionaires held more corporate stock, bonds, and

33

Estimates of Personal Wealth, 1982: A Second Look

average. As shown in Figure D, wealth appears to be more
heavily concentrated in the more rural States west of the
Mississippi River Conversely, the southern States-with one
of the principal exceptions being Florida-and the more
heavily industrialized States of the Midwest had a lowerthan-average proportion of wealthy individuals.

noncorporate business assets and less real estate, cash,
notes and mortgages, and life insurance than the submillionaires.
Geographic Distribution of Wealth
In 1982, nearly 700,000 of the top wealthholders in the
United States lived in California. This was more than twice
the number of top wealthholders in the "second wealthiest"
State, Texas. New York, which had the most wealthy individuals in 1976, had dropped to third place by 1982. As a
result of the effect of the recent decline in oil prices on the
economy of Texas, coupled with Florida's rapid growth and
attractive tax policy (no State income tax), Florida may
become the "second wealthiest" State by the end of this
decade.

ESTATE MULTIPLIER TECHNIQUE
Researchers have been using the estate multiplier technique since the beginning of the 20th century (financial
records were used as early as 1864 to estimate total
personal wealth by a related technique) to draw conclusions
about the wealth of the living population through knowledge of the wealth of the deceased [15, 16]. The technique
assumes that estate tax returns taken as a whole represent
a random sample, designated by death, of the living
population. In fact, however, death is not a random event
and therefore is not a simple representative sample of the
living population under consideration.

The ratio of wealthy individuals to the adult population
illustrates the distribution of wealth, undistorted by the large
populations of certain States. California, the most populous
State, had an above-average concentration of wealth, with
15 percent of the top wealthholders but only 11 percent of
the Nation's adult population. Although there were a large
number of wealthholders in New York and Illinois, the
proportion of top wealthholders in these States was only

The probability of ''death's selection" of an individual,
i.e., that a person will die in a given year, depends on the
particulars of one's life. Age and sex are usually taken as
"gross" indicators of these conditions. If one knows the

Figure D

Concentration of Top Wealthholders by State, 1982
j Minnesota

South Dakota

Wisconsin
Michigan

) 111inoi 5 ~ 'L.- .-r
Ohio

~ndiana
ssoun
:Kansas

Kentucky
Oklahorn

rka

s

na

-V_fe-~nessee
11

T--Z

South

Georgia
Miss

Alabarna~
F

.1d.

Greater than average
Average
Less than average
Note:The average concentration of top wealthholders by State was 2.2 to 3.0 percent of the State's adult (age 20 and above) population.

34

Estimates of Personal Wealth, 1982: A Second Look
mortality rate and the number of deaths for each age and
sex group, one can derive the population of wealthholders
by multiplying the inverse of the mortality rate , by the
number of deaths in each group [8].
Vital to the estimates of personal wealth is the use of a
mortality rate appropriate to the top wealthholder population. This is essential to the estimates because there is
much evidence that the wealthy have mortality rates lower
than those of the population -as a whole. In other words,
social class also is a determinant in the "selection of the
sample" [17]. Therefore, an adjustment to the general
mortality rates is necessary.
The mortality rates assumed to approximate those of the
wealthy are based on the mortality experience of the
Metropolitan Life Insurance Company's preferred-risk policyholders [181. Multipliers are then derived from the adjusted mortality rates for each decedent according to age
and sex. These multipliers, applied to sampled estate tax
return data, produce wealth estimates for the living population.
The multipliers used to develop the preliminary estimates
for 1982 were based on Metropolitan Life mortality experience for a 4-year period. As part of the effort to improve the
accuracy of these estimates, the Internal Revenue Service
has developed new mortality differentials and multipliers
based on data for a series of years between 1969 and
1982. Thus, the effect of the sampling variance of death has
been reduced.
As mentioned earlier, the updated estimates of personal
wealth in 1982 are based on a sample of estate tax returns
filed between 1982 and 1984 for individuals dying in 1982.
This approach, which is a departure from the year-of-filing
approach used fo r the preliminary 1982 estimates and for
the estimates for earlier studies, is designed primarily to
reduce the effects of inflation. The preliminary estimates of
personal wealth for 1982. were based on estate tax returns
filed during 1983. Although the returns filed thafyear were
primarily for decedents who died in the preceding year,
they also reflected deaths that occurred in 1983 as well as
deaths that occurred in 1981 and several earlier years.
Therefore, the estimates for the 1 year were achieved by
using values based on several.

levels of wealth [19, 20]. Yet, despite the large overall
sample size, the limited number of returns filed each year
for young (under 45 years of age) and very wealthy (gross
assets of $5 million or more) decedents can make results for
these categories subject to considerable sampling error.
The achieved selection probabilities of "death's sample"
of these relatively young and very wealthy decedents in a
given year can distort estimates of the wealth of the living.
Death samples at high and low rates which tend to average
out over a period of years, but which can result in large
short-term fluctuations, i.e., for a given year. When death
1. selects" a smaller sample, i.e.,
fewer deaths for a limited
population during a sample year, wealth estimates will be
lower than the true population values. Similarly, too large a
sample produces estimates that overstate the wealth of the
population.
The updated estimates of wealth for 1982 have incorporated two modifications from recent-year estimates designed to reduce the variability of death's annual sample
selection. First, the sample of estate tax returns was redesigned so that it was stratified by age as well as by size of
gross estate. Whereas all returns of the very wealthy (those
with gross estates of $5 million or more) were selected for
past studies, before the 1982 study the returns of the
relatively young were selected at rates dictated by the size
of gross estate. Thus, the high sampling variance already
present because of the limited number of, returns for
relatively young decedents was further increased by sampling those returns for less wealthy clecedents at rates less
than 100 percent. Starting with 1982, all estate
' tax returns,
regardless of the size of gross estate, were selected for
decedents under 45 years of age.
The sampling variability of the final estimates for wealthy
and relatively young individuals is reduced further. by
basing the estimates on returns filed for the specific year of
death (1982) during a 3-year period. Thus, this technique
produces more accurate estimates of the type and amount
of wealth of the young and very wealthy.

SUMMARY

In addition to reducing the effect of inflation, the use of a
year-of-death file has improved the estimates by reducing
the sampling error.

For 1982, approximately 4.5 million people- 2.8 percent
of the adult population of the United States-held gross
assets of $325,000 or more. The net worth of these
individuals exceeded $2.7 trillion and accounted for almost
30 percent of the personal wealth in this country.

The strength of the estate multiplier technique, in part,
lies in the large sample size. The sample of 19,000 returns
selected in 1983, on which the preliminary estimates of
wealth for 1982 were based, was considerably larger than
the samples selected for other studies for comparable

The top wealthholder in 1982 was typically a man under
50 years of age from California. Just over 60 percent of his
wealth was held as real estate and corporate stock, with
corporate stock becoming more prominent as wealth increased.

35

Estimates of Personal Wealth, 1982: A Second Look
Wealthy women, although still the minority of top wealthholders, nevertheless increased their representation from
less than 33 percent in 1976 to just over 38 percent in 1982.
Of the total, approximately 38 percent were under 50 years
of age, and over 36 percent were between 50 and 64 years
of age.
DATA SOURCES AND LIMITATIONS
Although estimates of wealth are provided for all individuals with gross assets of $325,000 or more, the composition of assets was examined only for wealthholders with
gross assets exceeding $500,000. This limitation is the
result of a change in the reporting requirements for the
estate tax returns on which the estimates are based.
Detailed asset information is not required to be filed on the
returns of persons who died after December 31, 1981 with
a gross estate (gross assets) of $500,000 or less. Nevertheless, 72 percent of the assets of the wealthholders derived
from this group were reported on the returns. Because the
decision to provide asset detail on the return may be a
reflection of the asset composition of the estate, the inclusion of estimates of wealth based on this incomplete detail
would have distorted the estimates and introduced a bias
into the estimates.
The treatment of the assets included on the estate tax
return as "lifetime transfers" was modified to provide more
accurate data on the composition of the assets of top
wealthholders. In the past, all assets reported as lifetime
transfers were included in the statistics as "other assets".
The redefinition of lifetime transfers under the Economic
Recovery Tax Act (ERTA) of 1981 made it more appropriate
to allocate lifetime transfers to the specific type of asset [21 1.
Figure E shows the effect of this change on the data for
1982.
Figure E.-Treatment of Lifetime Transfers Made by All Top
Wealthholders With Gross Assets Exceeding $500,000, by
Type of Asset, 1982
Lifetime transfers
Type of asset

Total .................... ...........................
Real estate ..................... ........................
Corporate stock ................. ................
Cash ..................... _ ...............................
Noncorporate business assets ................
Bonds ...................
............................
N tes and mortgages .............................
Life nsurance ............................... .........
OtherI assets .......................... .................

and age of the decedent, along with the size of the gross
estate. The returns were selected during the 3-year period
at annual rates that ranged from 10 percent-for decedents
age 70 and older with gross estate under $1 million-to 100
percent-for decedents under age 45 or with gross estate
of $1 million and above-with weights appropriate to each
year maintained.
Of the returns filed during the 1982-1984 period, only
those filed for individuals dying in 1982 were selected, with
two exceptions. All returns for the very wealthy (those with
gross estates of $5 million or more) and individuals under
45 years of age were selected, regardless of the year of
death. The estate multipliers for those returns were adjusted
accordingly. Other returns filed during this period for individuals who died in years other than 1982 were not used for
these estimates.

0
Limitations
Because the data in this article are estimated on the basis
of a sample of estate tax returns filed with the Internal
Revenue Service, they are subject to sampling as well as
nonsampling error For proper use of the statistical data, the
magnitude of the potential sampling error must be known.
Figure F presents preliminary estimates of the coefficients
of variation (CV's) for frequency estimates. The approximate
CV's shown here are intended only as a general indication
of the reliability of the data. For a number other than that
shown, the corresponding CV's can be estimated by
interpolation. The reliability of estimates based on samples
and the use of coefficients of variation for evaluating the
precision of sample estimates are discussed in the Appendix.
Figure F.-Approximate Coefficients
Frequency Estimates, 1982
Number of
wealthholders
,02
.03

Allocated to specific
assettype

Included in "Other
assets"

100.0%
32.5
29.9

100.0%
30.7
26.4

8.4
7.8
7.0
4,7
1.2
8.5

7.8
7.4
5.9
4.4
1.2
16.2

Sample Selection Criteria
The 1982 estimates of personal wealth are based on data
from a sample of estate tax returns, Form 706, processed
by the Internal Revenue Service between 1982 and 1984.
The sample was stratified according to the year of death

of Variation for

.15
20

........... __ .................... - ..............................
.......... .... .................................................
.....................................................
............
.......................................................................
... ... ...... ........................................................................
. ...................... .........................................................

Approximate
coefficient of variation
2,600,000
540,000
124,000
18,500
3,900
1,900

NOTES AND REFERENCES
[1 ] The adult population is defined as individuals 20 years
of age and older.
[2] Marley, Marcia, and Wolff, Edward N., "Long-term
Trends in U.S. Wealth Inequality: Methodological Issues and Results," 1987 Proceedings of the Conference on Research on Income and Wealth, National
Bureau of Economic Research (in preparation as of
June 1988).

36

Estimates of Personal Wealth, 1982: A Second Look

[3] Using the Personal Consumption Expenditures Implicit Price Deflator calculated.by the U.S. Department
of Commerce, Bureau of Economic Analysis, $1 million in 1976 had the equivalent value of $1,597,400 in
1982. For a discussion of the deflator, see U.S. Department of Commerce, Survey of Current Business,
April 1987, Volume 66, Number 4.
[4] McCubbin, Janet, "Improving Wealth Estimates Derived from Estate Tax Data," Statistics of Income and
Related Administrative Record Research: 1986-1987,
U.S. Department of the Treasury, Internal Revenue
Service, 1987.
[5] Sch6uren, Fritz,. and McCubbin, Janet, "Piecing Together Personal Wealth Distributions," Statistics of
Income and Related Administrative Record Research:
1986-1987, U.S. Department of the Treasury, Internal
Revenue Service, 1987.
[6] Schwartz, Marvin, "Preliminary Estimates of Personal
Wealth, 1982: Composition of Assets," Statistics of
Income Bulletin, Winter 1984-1985, Volume 4, Number 3.
[7] For estimates of the number of individuals with net
worth of $5 million or more based on estate tax returns
filed in each of the 3 years, as well as those filed in
1985, see Skelly, Daniel F., and Kozielec, John A.,
"Statistics of Income Domestic Special Studies," Statistics of Income Bulletin, Fall 1987, Volume 7, Number
2. These estimates reflecting wealth in 1981 through
1984 were developed prior to the methodological
improvements reflected in the estimates for 1982
included herein.
[8] For a detailed explanation of the estate multiplier
technique and the computation of the equity value of
life insurance, see Statistics of Income-1972, Personal Wealth Estimated from Estate Tax Returns, U.S.
Department of the Treasury, Internal Revenue Service,
1976.
191 Schwartz, Marvin, "Trends in Personal Wealth," Statistics of Income Bulletin, Summer 1983, Volume 3,
Number 1.
[110] The revised treatment for the 1982 estimates of the
assets included on the estate tax return as "lifetime
transfers" should be noted. This is described in the
section on "Data Sources and Limitations." Although
the revised treatment yields somewhat higher asset
shares, the basic relationship described later remains
largely unaffected.

[111 Ruggles, Richard, and Ruggles, Nancy, D., "Integrated Economic Accounts for the United States,
1947-1980," Survey of Current Business, Volume 62,
Number 5, U.S. Department of Commerce, Bureau of
Economic Analysis, May 1982.
[12) U.S. Department of Commerce, Bureau of Economic
Analysis, Survey of Current Business, various issues.
[13] For information about the Consumer Price Index, see
U.S. Department of Labor, Bureau of Labor Statistics,
Monthly Labor Review, various issues.
[14] Noncorporate business assets include the net value of
sole proprietorships, farms, and interests in partners hips, except for the value of the real estate associated
with the business or farm.
[15] Lampman, Robert J., The Share of Top Wealthholders
in. National Wealth, 1922-56, Princeton University
Press, 1962.
[16) Smith, James, and Calvert, Staunton, "Estimating the
Wealth of Top Wealthholders from Estate Tax Returns,"
1965 American Statistical Association Proceedings,
Section on Business and Economics Statistics.
[171 Kitagawa, Evelyn M., and Hauser, Philip M., Differential Mortality in the United States: A Study in Socioeconomic Epidemiology, Harvard University Press, 1973.
[181 The author is extremely grateful for the continued
support received from the Metropolitan Life Insurance
Company, beginning with the late Mortimer Spiegelman and continuing most recently with Frances Baffa,
who provided the mortality data used in the computation of the estate multipliers.
[19] Data on wealth are also available from~ the 1983
Survey of Consumer Finances. This study, jointly
sponsored by the Board of Governors of the Federal
Reserve System and six other Federal agencies, presents information on assets as well as other financial
information based on a survey of approximately 3,800
L families. The inclusion of data from interviews with an
additional 438 high-income families allowed greater
comparability with the estate multiplier estimates of the
wealth of top wealthholders. For further information,
see Avery, Robert B., Elliehausen, Gregory E., Canner,
Glenn B., and Gustafson, Thomas A., "Survey of
Consumer Finances, 1983," Federal Reserve Bulletin,
September 1984; Avery, Robert B., Elliehausen, Gregory E., Canner, Glenn B., and Gustafson, Thomas A.,
"Survey of Consumer Finances, 1983: A Second
Report," Federal Reserve Bulletin, December 1984;

Estimates of Personal Wealth, 1982: A Second Look

37

"and Avery, Robert B., and Elliehausen, Gregory E.,
Financial Characteristics of High-Income Families,"
Federal Reserve Bulletin, March 1986.

Wealth, National Bureau of Economic Research (in
preparation as of June 1988).

[20] Lamas, Enrique J., and McNeil, John M., "Year-Apart
Estimates of Household Net Worth from the Survey of
Income and Program Participation," 1987 Proceedings of the.Conference on Research on Income and

[21] Prior to 1982, all gifts within the 3 years preceding
death were required to be included in the estate.
Under ERTA, only certain transfers-primarily gifts in
which the decedent had a reversionary interest and
revocable trusts-were included in the estate.

Estimates, of Personal Wealth, 1982

38

Table 1A.-All Top Wealthholders With Gross Assets of $325,000 or More, by Size of Net Worth
[All figures are estimaies based on estate tax return samples-numbers of top wealthholders are in thousands, money amounts are in millions of dollars]
Size of net worth

Total ............ .................. ...............................
Under $100,000 l_ ................ ...........................................
$100,000 under $250,000 .......................... .......
$250,000 under $500,000 .................................. ...........
$~00,000 under $1,000,000.. .......... ..................
$1,000,000 under $5,000,000 .................... ............
$5,000,000 or more .............
................. ............... 1

Debt~ and mortgages

Number of
top wealthholders

Total
ass,ets
(2)

(3)

(4)

(5)

4,47&8
341.7
649.0
2,032.3
980.3
437.3
38.2

3.218,225
93,796
200,942
868,468
734,872
874,391
445,755

3,976.5
332.2
620.4
1,744.4
843~7
399.1
36.6

504,714

2,713,510
-14,193
116 863
749.472
*
661,212
786,989
413,167

1

Number

Net
worth

Amount

107,990
84,079
118,996
73,659
87,402
32,588

1

I Includes top wealthholders with negative net worth.
NOTE: Detail may not add to totals because of rounding.

Table 1 B.-All Top Wealthholders With Gross Assets Greater Than $500,000, by Size of Net Worth
[All figures are estimates based on estate tax return samples-number of top weathholders are in thousands, money amounts are in millions of dollars]
Debts and mortgages

IN Imber of
top wealth,
holders

Size of net worth

Total .......... ...... ...................................
Under $250,000 1 - .....................
$250,000 under $500,000......
..........
$500,000 under $1,000,000... ..........................
..........
$1,000,000 under $5,000,000 ................................ ..........
$5,000,000 or more
......... .....
... ............ ...........

Total
assets
-

Net
worth

Amount

Number

(1)

(2)

(3)

(4)

(5)

2,233.1

2,464,225

2,033.2
278.0
475.8
843.7
3991
36.6

399,206
121,511
84,045
73,659
87,402
32,588

2,065,019
9,219
194,433
661,212
786,989
413,167

282~6
4943
980.3
437~3
382__

130,729
278,478
734,872
874,391
445,755

-10 1

1

Types of assets
Cash

Corporate stock

Bonds

Size of net worth

.
Total

Total
...
Under $250,000'
.............
$250,000 under $500,000 .......... ..........
$500,000 under $1,000,000
...........
$1,000,000 under $5,000,000 ...............
$5,000,000 or more. ...........

Corporate and foreign

Number

Amount

Number

Amount
Number

Amount

Number

Amount

(6)

(7)

(8)

(9)

(10)

(11)

(12)

(13)

2,178.0
269.5
47&0
96M
431 3
37~9

205,960
6,655
21,392
92,597
64,936
20,380

1,842.9
196.7
387.4
820,0
401.5

737,964
13,155
44,114
173,044

980.7
5&6
143.7
499.8
259.4
271

173,635
1,252
5,688
48,444
75,739
42,512

407,7
1&2
561
221.1
102.2
12~0

17,264
487

1

37.3

1

298,522
209,129

1

1

1,262
6,626
5,746
3,143

Types of assats-Confinued
Bonds-Continued

Federal savings

Total ..... ........... ........... ...................
Under $250,000 1
- ..............
$250,000 under $500,000
$500,000 under $1,000,000
..... .....
$1,000,000 under $5,000,000 ...............
$5,000,000 or more ..............................

Life insurance
equity

Government

Size of net worth

Other Federal

State and local
Numb er

Amou nt

(19)

(20)

(21)

93,891
576
2,520
21,606
43,284
25,904

1,622A
269.9
422.2
624.2
282.0
24.0

30,610
6,467
8,019
8,247
6,777
1,100

Number

Amount

Number

Amount

Number

Amount

(14)

(15)

(16)

(17)

(18)

244A
21.0
44Z
125A
50,9
26

6,609
31
360
3,377
2,177
664

324~5
8.2
362
175~8
9Z5
11.8

55,871
157
1,546
16,834
24,532
12,801

559 9
14~8
61.8
278.6
183,8
20,9

1

1

1

1

Types of assets-Continued
Size of net worth

Total ..... .................
Under $250,000 1 ~
..................
$250,000 under $500,000
..........
$500,000 under $1,000,000
$1,000,000 under $5,000,000.. ...... ......
$5,000,000 or more ............ _ ................ 1

Notes and mortgages

Real estate

Noncorporate business assets

Other assets

Number

Amount

Number

Amount

Number

Amount

Number

Amount

(22)

(23)

(24)

(25)

(26)

(27)

(28)

(29)

975.9
82.0
197.9
432.4
238.0
25.7

116,005
6,357
14,475
39,662
39,411
16,101

2,074.3
264.7
476,0
893,4
4039
36.4

800,391
67,621
137,430
270,544
252,025
72,772

971.8
127.8
221.8
373.2
221.3
27.7

191,128
17,449
22,792
41,371
67,958
41,559

2,139.0
270.8
476.5
932.0
421.8
37.8

208,533
11,774
24,569
60,964
69,023
42,203

' Includes top wealthholders with negative net worth.
NOTE: Detail may not add to totals because of rounding.

1

1

1

1

Estimates of Personal Wealth, 1982

39

Table 2A.-All Men: Top Wealthholders With Gross Assets of $325,000 or More, by Size of Net Worth
[All figures are estimates based on estate tax return samples-numbers of top wealthholders are in thousands, money amounts are in millions of dollars]
Number of
top wealt holders

Total
assets

(1)
........ .... ..

2,763.4

Under $100.000 . .............. ..............
$100,000 under $250,000..
....... ........
$250,000 under $500,000...
......... ... ..........
$500,000 under $1,000,000 ............................ - ...............
$1,000,000 under $5,000,000.. ......................... .............
$5,000,000 or more...... ...
... .................... .........

3043
527.9
1,136.1
529Z
243.5
21A

Size of net wort h

Total ...............

Debts and mortgages

Net
worth

Number

Amount

(2)

(3)

(4)

(5)

1,915,893
84,376
158,789
494,675
412,968
503,067
262,019

2,478.6
296.1
500.2
974.7
462.8
224.5
20.3

380,392
95,421

1,535,501
-11,046
94,329
414,981
359,422
441,010
236,804

64,461
79,694
53,546
62,056
25,214

' Includes top wealthholders with negative net worth.
NOTE: Detail may not add to totals because of rounding.

Table 2B.-All Men: Top Wealthholders With Gross Assets Greater Than $500,000, by Size of Net Worth
[All figures are estimates based on estate tax return samples-numbers of top weathholders are in thousands, money amounts are in millions of dollars]
Size of net worth

Total
- ..... .. ............. ............... ...................... .
Under $250,000 . ...... ..... ...... ........ ...... ... ............ .__
$250,000 under $500,000 ...... ................... ..........
... ...
$500,000 under $1,000,000 ... ....... .... ....................... ...
$1,000,000 under $5,000,000
............. ....... .........
$5,000,000 or more.. ............ .. ............. ............... ..........

IN mber of
top
I wealth holders

Total
assets

(1)

Debts and mortgages

Net
worth

Number

Amount

(2)

(3)

(4)

(5)

1,408.7

1,495,612

1,299.0

307,794

1,187,818

248.5
365.5
529.8
243.5
21.4

114,829
202,730
412,968
503,067
262,019

243.8
347.5
462.8
224.5
20.3

105,463
61,515
53,546
62,056
25,214

9,366
141,215
359,422
441,010
236,804

Types of assets
Cash

Corporate stock

Bonds

Size o f net worth
Total
Number

Total
..........
.............
Under $250,000' - ..............
$250,000 under $500,000
.............
$500,000 under $1,000,000 ..................
$1,000,000 under $5,000,000
$5,000,000 or more
.............

A mount

N um ber

Corporate and foreign

Amount
Number

Amount

Number

Amount
(13)

(6)

(7)

(8)

(9)

(10)

(11)

(12)

1,371.4
238,1
352Z
51&3
241.3
211

110,648
5,322
15,070
45,777
34,149
10,330

1,167.1
172.7
298.2
447.4
227.7
21.0

444,251
11,665
36,111
99,502
179,011
117,962

543.8
45,0
104.9
244.3
135.5
14.0

82,332
957
3,723
20,977
33,871
22,804

215~7

7,654

"51 6
105.6
52.7
5.7

-1,21
2,698
2,638
1,111

Types of assets-Coritinued
Bonds-Continued
Size of net worth
Federal savings

Total.. . .... ... ................
Under $250,000 1 ....... ...
$250,000 under $500,000 ..... ............
$500,000 under $1,000,000 ..... ............
$1.000,000 under $5,000,000 ...............
$5,000,000 or more
.............

Life insurance
equity

Government
Other Federal

State and local
N um ber

Amount

(19)

(20)

(21)

298A

48,570

58.6
133.2
95.6
11,0

2,142
10,094
22,475
13,858

1,236.5
241.6
343.2
432.4
201.3
18.0

27,426
6,078
7,201
7,324
5,850
974

Number

Amount

Number

Amount

Number

Amount

(14)

(15)

(16)

(17)

(18)

148'1

3.266

145.4

22,842

**53 0
661
27A
1.7

"283
1,465
965
553

29.3
713
38,8
5.9

1,047
6,720
7,793
7,282

Types of assets-Continued
Size of net worth

Total
.............
Under $250,000 1 ................... .......
$250,000 under $500,000 ................
$500,000 under $1,000,000 ....... ......
$1,000,000 under $5,000,000 ...............
$5,000,000 or more ........................ ......

Notes and mortgages

Real estate

Noncorporate business assets

Other assets

Number

Amount

Number

Amount

Number

Amount

Number

Amount

(22)

(23)

(24)

(25)

(26)

(27)

(28)

(29)

636.1
73.3
146.1
260.4
141.5
14~8

75687
5~578
9,997
24,175
24,765
11,173

1,325.2
234.3
352.5
491,5
226.4
20.5

488,642
58,923
91,990
149,722
142,153

697.2
114,1

45,854

163

138,021
15,949
19,540
30,060
44,030
28,441

1,353.8
238.9
355.1
504,1
234,6
21.1

128,605
10,356
19,098
35,432
39,239
24,481

* Data combined to avoid disclosure of information for specific estate tax returns.
Includes top wealthholders with negative net worth
NOTE. Detail may not add to totals because of rounding.

1823
2436
1411

Estimates of Personal Wealth, 1982

40

Table 3A.-All Women: Top Wealthholders With Gross Assets of $325,000 or More, by Size of Net Worth
[All figures are estimates based on estate tax return samples-numbers of top wealthholders are in thousands, money amounts are in millions of dollars)
Number of
top
holders
"all

Size of net worth

Total
................
...............
Under $100,000 . ........................................
................
$100,000 under $250,000 ............
.............
$250,000 under $500,000 .................. ............ _
$500,000 under $1,000,000
...........
...............
$1,000,000 under $5,000,000
.....................
...........
$5,000,000 or more
............. ........... .............
_

1,715.3
37.0
121~O
896.2
45&5
193.8
16.8

1

Debts and moingages

Total
assets

Net
worth

Number

Amount

(2)

(3)

(4)

(5)

1,302,332
9,421
42,153
373,793
321,904

1.497.9

124,322
12,568
19,619
39,302
20,114
25,346
7,374

1,178,010
-3,147
22,535
334,491

371,325
183,736

36.2
120.2
769.8
380.9
174.6
16.3

1

1

301,790
345.979
176,362

1

' Includes top wealthholders with negative net worth.
NOTE. Detail may not add to totals because of rounding.

Table 3B.-All Women: Top Wealthholders With Gross Assets Greater Than $500,000, by Size of Net Worth
JAII figures are estimates based on estate tax return samples-numbers of top wealthholders are in thousands, money amounts are in millions of dollars)

Size of net worth

Number of
top wealthholders

Total
assets

(1)
824.5
34,2
129,2
450.5
193.8
16,8

Total
. .. ... ..... ...................
................
Under $250,000' - , _
- . .. ...
..........
$250,000 under $500.000
$500,000 under $1,000,000.___
$1,000,000 under $5,000,000
........ ... ................
$5,000,000 or more
........... . .. .............................

Debts and mortgages

Net
worth

Number

Amount

(2)

(3)

(4)

(5)

968,614
15,901
75,748
321,904
371,325
183,736

734,2
34.2
128.3
380.9
174.6

91,413

877.201
-148
53,217
301,790
345,979
176,362

16,048
22,531
20,114
25,346
7,374

l&3
Types of assets

Cash

Corporate stock

Bonds

Size of net worth
Total
Number

Total
......... ... ..............................
Under $250,000 . ........... .... ................
$250,000 under $500,000 ~ ... ... ...........
$500,000 under $1,000,000
$1,000,000 under $5,000,000 .... ..........
$5,000,000 or more...
... ....... ........

Amoun t

Number

Corporate and foreign

Amount
Number

Amount

Numbe,

Amount

(6)

(7)

(8)

(9)

(10)

(l 1)

(12)

(13)

806.6
31.4
125.5
4426
190.4

95,312
1,333
6,322
46,820
30,787
10,050

675,8
24.0

293,713
1,490
8,004

436.9
* 5.6
38.8
255.5

91,303
* 295
1,965
27,467

192,0

9,610

123.9
13.1

41,868
19,708

115.5
49~13
6.3

3,928
3,108
2,032

16.8

89.2
372.6
173,8
16.2

73,542
119,510
91,166

Type. of .-ts-Conti ...d
Bonds-Continued
Size of net worth
Federal savings

Total.. .
......... ...
1
Under $250,000
$250,000 under $500,000...
$500,000 under $1,000,000 ..........
$1,000,000 under $5,000,000 ...............
$5,000,000 or more
. ..................

Life insure ce
equity

Government
Other Federal

State and local
N umber

A mount

(19)

(20)

(21)

45,;21

385~8
28,3

3,184

Number

Amount

Number

Amount

Number

Amount

(14)

(15)

(16)

(17)

(18)

3,343

179.1
-

33,02
.?

261.5
-

15.1
104.5
53.7
5,9

657
10,114
16,739
5,519

.

962
..

..l
59.4
23~5
0.9

0
1,912
1,212
ill

145~4
881
9.9

11.512
20,809
12.046

388
818
924
927
126

79.0
191,8
80,8
6,0

Types of assets-Continued
Size of net worth

Total..
Under $250,000'
.... ......
$250,000 under $500,000.. .............
$500,000 under $1,000,000
$1,000,000 under $5,000,000......
$5,000,000 or more ...... .... ..............

Notes and mortgages

Real estate

Noncorporate business assets

Other assets

Number

Amount

Number

Amount

Number

Amount

Number

Amount

(22)

(23)

(24)

(25)

(26)

(27)

(28)

(29)

339,13
8.7
51.8
171 ~9
9&5
10.9

40,317
777
4,478
15,487
14,646
4,928

749.2
30.4
123.5
401.9
177.4
15.9

311,750
8,698
45,440
120,822
109,873
26,917

274.5
13.7
39.6
129.6
80.2
11.4

53,107
1,500
3,251
11,311
23.928
13,117

785.2
32,0
121.4
428,0
187,1
l&8

79,928
1,418
5,470
25,532
29,785
17,722

Estimate should be used with cautio because of the sm 11 number of sampl estate tax returns o which it is based.
* Data combined to avoid disclosure of information for specific estate tax returns.
Includes top wealthholders with negative net worth.
NOTE: Detail may not add to totals because of rounding.

41

Estimates of Personal Wealth, 1982
Table 4A.-Top Wealthholders Under 50 Years of Age With Gross Assets of $325,000 or More, by Size of Net Worth
[All figures are estimates based on estate tax return samples-numbers of top wealthholders are in thousands, money amounts are in millions of dollars)
Debts and mortgages

Number of
top wealthholders

Size of not worth

Total
assets

1,702.4

Total
............... ..................... ....................
Under $100,000 . .............. __
$100,000 under $250,000 .............................
$250,000 under $500,000
.............
$500,000 under $1,000,000
...................
.............
$1,000,000 under $5,000,000. ..............................
$5,000,000 or more...... - ...........
................ ............... .

1,040,871
78,846
133,968
275,637
189,086
234,179
129,155

313.7
438.4
599.7
232,5
105.8
12.3

Net
worth

Number

Amount
(4)

(5)

1,590.4

290,518
85,970
58,043
63,445
32,680
39,387
10,792

750,353
-7.125
75.925
212,192
156,206
194,792

304.6
423.1
546.0
205.1
99.5
12.1

118,362

1

' Includes top wealthholders with negative net worth.
NOTE: Detail may not add to totals because of rounding.

Table 4B.-Top Wealthholders Under 50 Years of Age With Gross Assets Greater Than $500,000, by Size of Net Worth
[All figures are estimates based on estate tax return samples-numbers of top weathholders are in thousands, money amounts are in millions of dollars]

Size of net worth

Total

...............

..........

Under $250,000 . ................. ...............
.............. ...............
$250,000 under $500,000
$1,000.000
~..
I
I..
....................
$500,000 under
$1,000,000 under $5,000,000 ............ __ .................
$5,000,000 or more .................... ___ ............ .............

Debts and mortgages

Number ,of
top weal hholders

Total
assets

(1)
833.7
232.2
250.7
232.5
105.8
12.3

Net
worth

Number

Amount

(2)

(3)

(4)

(5)

798,190
101,248
144,521
189,086
234,179
129,155

790.0
228,4
244~9
2051
99.5
12.1

225,555
92,147
50,349
32,880
39,387
10,792

572,635
9,102
94,172
156,206
194,792
118,362

Types of assets
Bonds

Corporate stock

Cash
Size of net worth

Total
Amount

Number

Total.. ................. ..... ___ ...........
Under $250,000 . ...... _ _
.. .........
$250,000 under $500,000
__
$1,000,000
..................
$500,000 under
$1,000,000 under $5,000,000
$5,000,000 or more ..........
..............

806.1
222.0
241.2
226,8
103.9
12.1

Number

Corporate and foreign

Amount
Number

Amount

Number

Amount

(7)

(8)

(9)

(10)

(11)

(12)

(13)

48,492
5,414
8,862
17,434
11,477
5,306

639.2
158.4
192.4
181.5
95.0
12.0

223,877
10,562
23,616
43,641

231.8
40.5
51.6
85.4
46.2
81

36,970
673
1,833
8,603
17,392
8,469

87.6
12,8
20,8
37.1

3,871
391
523
1,335
604
1,019

82,451
63,607

13.2
18

Types of assets-Continued
Bonds-Continued

Federal savings

Total
................ ...............
Under $250,000 . ............ ___
$250,000 under $500,000 .....................
$500,000 under $1,000,000 ..................
$1,000,000 under $5,000,000 .............
$5,000,000 or more

Life insurance
equity

Government

Size of net worth

Slate and local

Other Federal

Number

Amount

(19)

(20)

(21)

16,007
177

683 ~ 1
223.4
216.2
160.9
74.6
8.1

10,568
4,637
2,873
1,472
1,358
228

Number

Amount

Number

Amount

Number

Amount

(14)

(15)

(16)

(17)

(18)

62.2
17.1
16.3
19.6
8.9
0.3

1,249
13

67.0
6.7
12.4
30.5
13.9
3.5

15,843
93
239
3,925
8.739
2,846

101,0
M9
18A
36.7
29.0
5.9

59
516
226
434

1,012
2,827
7,822
4,169

Types of assets-Continued
Size of net worth

Total
- ........................
Under $250,000 1
_
...............
$250,000 under $500,000
$1,000,000....
_
$500,000 under
$1,000,000 under $5,000,000. ............
$5,000,000 or more... ... .......................

Notes and mortgages

Noncorporate business assets

Real estate

Other assets

Number

Amount

Number

Amount

Number

Amount

Number

Amount

(22)

(23)

(24)

(25)

(26)

(27)

(28)

(29)

333.1
62.8
95.1
107.5
59.2
8.4

34,097
4,788
6,913
8,832
9,227
4,338

771.3
216.7
242.6
2010
972
11.9

290,063
53,105
75,592
73,786
66,805
20,775

402.2
101.3
116.2
111,5
613
10.0

77,923
12,109
12,253
15,610
25,105
12,845

800.8
224.0
242.2
222.1
100.4
12.1

76,200
9,960
12,580
19,708

' Includes top wealthhoiders with negative net worth.
NOTE: Detail may not add to totals because of rounding.

20,365
13,586

42

Estimates of Personal Wealth, 1982

Table 5A.-Top Wealthholders 50 to 64 Years of Age With Gross Assets of $325,000 or More, by Size of Net Worth
[All figures are estimates based on estate tax return samples-numbers of top wealthholders are in thousands, money amounts are in millions of dollars]
Size of net worth

Number of
top wealthholders

Total
assets

(if
1.631.3

Total
............................. _ .............
Under $100,000 . .......................

..........
$100,000 under $250,000.. ...... .............
................
$250,000 under $500,000. ............. ..............................
$500,000 under $1,000,000
_ .................
$1,000,000 under $5.000,GOO ............. ..........
$5,000,000 or more ............... ..............
..............

27.3
200.5
826.1
384.9
179.3
13.3

Debts and mortgages
Net
worth

Number

Amount

(2)

(3)

(4)

(5)

1,217,460
14,291
62,253
347,291
292,162
353,658
147,807

1.431.4
26.8
187.2
711.3
331.3
162.3
12.6

166,300

1,051,160
-6,718
38,916
302,326
260,990
3
13
1:: 963
''

21,008
23,337
44,964
31,172
33,975
11,844

I Includes top wealthholders with negative net worth.
NOTE: Detail may not add to totals because of rounding.

Table 5B.-Top Wealthholders 50 to 64 Years of Age With Gross Assets Greater Than $500,000, by Size of Net Worth
[All figures are estimates based on estate tax return samples-numbers of top weathholders are in thousands, money amounts are in millions of dollars]
Number of
to p
holders
weahtr

Size of net worth

Total
.......... ........................... ............__ .............
Under $250,0001 ............... ..................................... ___
$250,000 under $500,000.....
............
...................
$500,000 under $1,000,000....... ............ _ .........................
$1,000,000 under $5,000,000 ............ .............................
$5,000,000 or more
.................
............................. .

Debts and mortgages

Total
asset.
Number

Amount

Net
worth

(1)

(2)

(3)

(4)

(5)

828.8
47.9
203.4
384.9
179.3
133

932,461

745.3
47.1
192.0
331.3
1623
12.6

133,696

798,765
87
82,043
260,990
319,682
135,963

27,351
111,483
292,162
353,65~
147,807

27,264
29,440
31,172
33,975
11,844

Types of assets
Cash

Corporate stock

Bonds

Size of net worth
Total
Number

Total.. . ~ ....... .. ......

..................
Under $250,000 . ... ...........
........ ..
$250,000 under $500,000 ..........
$1,000,000.
$500,000 under
$1,000,000 under $5,000,000...
$5,000,000 or more ...........
............

Amount

(6)

(7)

808.0
45.4
196,8
375.6
176,9
13.2

70,537
1,107
8994
30:685
23,724
6,027

Number

Corporate and foreign

Amount

704.3
36.7
161 ~O
329.1
164.5
13.1

Number

Amount

Number

Amount

(9)

(10)

(11)

(12)

(13)

269,650
2,435
16,754
65,595
116,079
68,786

370A
MO
733
180,5
97.8
8.5

45,973

147.0
3A
27.6
74,9
37.4
3.7

5,578
89
528
2,064
2,033
864

564
2,646
13,021
19,206
10,535

Types of assets-Continued
Bonds-Continued
Size of net worth
Federal savings

Total ............ ...
............. ...........
Under $250,000 . ...... .................... .....
$250,000 under $500,000 ....... ......
$500,000 under $1,000,000
$1,000,000 under $5,000,000 .... ..........
$5,000,000 or more ...........

Life insurance
equity

Go~ernrnent
Other Federal

State and local
Number

Amount

(19)

(20)

(21)

27,149
399
1,042
7,020
12,035
6,653

639.2
44~7
179.1
277.0
129.3
9A

14,283
1,775

Number

Amount

Number

Amount

Number

Amount

(14)

(15)

(16)

(17)

(18)

87.4
3.7

1,549
15
160
722
570
82

102.3

11,697

219.3
4.0

17.9
50.6
29.2
3.1

916

34.5
105.1
69.5
6.2

22.7
43.3
1&8
1'0

3,216
4,568
2,936

4,533
4,185
3,315
474

Types of assets-Continued
Size of net worth

Total
................. ....
................
Under $250,000 . .... ........ ..... ..............
$250,000 under $500,000
_ - 1
$500,000 under $1,000,000 ..................
$1,000,000 under $5,000,000
$5,000,000 or more... ..........................

Notes and mortgages

Real estate

Noncorporate business assets

Other assets

Number

Amount

Number

Amount

Number

Amount

Number

Amount

(22)

(23) -

(24)

(25)

(26)

(27)

(28)

(29)

385.4
17.8
83.8
175.3
99.3
9.2

46,310
1,440

79&0
45.6
196.6
371.3
171.5
12.9

323,751
13,163
52,313
116,630
114,258
27,387

396.5
24.9
93.5
166.0
101Z
10,5

79,609
5,158
9,441

797.4
44~8
196.1
369.3
174.1
13.2

82,349
1,708
10,781
25,712
31,190
12,957

6,021
17,183
16,252
5,414

Estimate should be used with caution because of the small number of sample estate tax returns on which it is based.
Includes top wealthholders with negative net worth.
NOTE: Detail may not add to totals because of rounding.

19,150
29,633
16,227

43

Estimates of Personal Wealth, 1982

Table 6A.-All Top Wealthholders 65 Years of Age or Older With Gross Assets Greater Than $325,000, by Size of Net Worth
[All figures are estimates based on estate tax return samples-numbers of top wealthholders are in thousands, money amounts are in millions of dollars]

Size of n e t worth

Total
............. ..........
................
Under $100,000 1
.__ .............
...........
$100,000 under $250,000 __ ................ ......
$250,000 under $500,000..... .. ........ _
__
$500,000 under $1,000,000... ........... ...............................
$1,000,000 under $5,000,000
........ _ .....................
$5,000,000 or more
............... ...... ........................

Number of
t op wealthholders

Total
assets

(1)
1,103,8
0.8
9.0
578.1
354.2
149.3
12.6

1

Debts and mortgages

Net
worth

Number

Amount

(2)

(3)

(4)

(5)

935.392
660
4,231
233,913
247,844
281,381
167,363

921.3
0.8
9.0
464~O
301.1
134,7
11.8

46,509
1,011
2.407
9,941
9,490
13,715
9,945

388.883
-351
1,824
223,972
238,354
267,666
157,418

1

Estimates should be used with caution because of the small number of sample estate tax returns on which it is based.
Includes top wealthholders with negative net worth.
NOTE: Detail may not add to totals because of rounding,

Table 6B.-All Top Wealthholders 65 Years of Age or Older With Gross Assets Greater Than $500,000, by Size of Net Worth
[All figures are estimates based on estate tax return samples-numbers of top wealthholders are in thousands, money amounts are in millions of dollars]

Size of net worth

Total

Number of
to p wealthholders

Total
assets

(1)
557,8
2.4
39A
354.2
149.3
12.6

.............. ............... ...

Under $250,000 1 ......................
$250,000 under $500,000
$500,000 under $1,000,000

- .................
.......................
............ ..........

$1,000,000 under $5,000,000
.......... ..............
$5,000,000 or more ....... ............... .......... ____ ..............

Debts and mortgages
Amount

(2)

(3)

(4)

(5)

720,654

488,1

39,487

2,130
21,936
247,844
281,3B1
167,363

2.4
38.1
301.1
134.7
11.8

2,100
4,236
9,490

681,167
30
17,700
238,354
267,666
157,418

Types of
Cash

Net
worth

Number

13,715
9,945

ssets

Corporate stock

Bonds

Size of not worth
Total

Total .....................................
Under $250,0001
................
$250,000 under $500,000..... ................
$500,000 under $1,000,000 ..................
$1,000,000 under $5,000,000 ..........
$5,000,000 or more........ ...............

Corporate and foreign

Number

Amount

Number

Amount
Number

Amount

Number

(6)

(7)

(8)

(9)

(10)

(11)

(12)

(13)

551.2
2.1
38.8
3497
148.1
12.5

84,834
135
3,401
43,262
29,002
9,033

489.8
1.7
32.9
303.6
139.5
12A

241,173
158
3,597
62,687
98,765
75,966

372.9

89,073

170~9

7,739

1,198

- : ;.8
107.4
51.1
4.5

- -2;9
3,208
3,062
1.250

18.8
229,9

26,388
38,256
23,217

113.6
10A

Amount

Types of assets-Continued
Bonds-Continued
Size of net worth
Federal savings

Total

...................... ........

Under $250,000 . ...... . .. ..........
$250,000 under $500,000 ......... ....
$500,000 under $1,000,000 ..................
$1,000,000 under $5,000,000 ...............
$5,000,000 or more...

Life insurance
equity

Government
Other Federal

State and local
Number

Amount

(19)

(20)

(21)

49,725

294.1

11,516
22,950
14,800

1,8
25.9
182.5
77.1
6.8

5,705
54
594
2,569
2,090
397

Number

Amount

Number

Amount

Number

Amount

(14)

(15)

(16)

(17)

(18)

3,682

152.9

27,927

235,7

- : 1.1
931
48.6
5.2

"310
9,542
10,975
7,020

92.7
-5.7
61.4
24.2
1.3

..1

43
2,122
1,269
147

134.5
833
8.7

Types of assets-Continued
Size of net worth

Total ............
...........
Under $250,0001 ~ ............. ..... .............
$250,000 under $500,000.
$500,000 under $1,000,000 ............
$1,000,000 under $5,000,000 ......... .....
$5,000,000 or more ....................

Notes and mortgages

Real estate

Noncorporate business assets

Other assets

Number

Amount

Number

Amount

Number

Amount

Number

Amount

(22)

(23)

(24)

(25)

(26)

(27)

(28)

(29)

252.3
1.4
18.6
146.3
78.0
8.0

35,024
129
1,518
13,347
13,682
6,348

492.9
2.4
35.5
311.1
132.4
11.5

182,455
1,353
9,354
77,902
69,286
24,560

169.1
1.6
121
93.1
55.1
7.2

33,291
181
1,098
6,501
13,024
12,487

529.2
21
37.1
333.0
144.6

49,099

12.4

15,353

Estimate should be used with caution because of the small number of estate tax returns on which it is based.
*Data combined to avoid disclosure of information for specific estate tax returns.
Includes top wealthholders with negative net worth.
NOTE Detail may not add to totals because of rounding,

106
1,176
15,187
17,276

Estimates of Personal Wealth, 1982

44

Table 7A.-All Top Wealthholders With Gross Assets of $325,000 or More, by State of Residence
[All figures are estimates based on estate tax return samples-numbers of top wealthholders are in thousands, money amounts are in millions of dollars]
Debts and mortgages
State of residence

Number of
top wealth
ho lder s

Total
assets

(1)

Number

Amount

(2)

(3)

(4)

Women

Men
Net
worth

Millionaires as defined by:
Net -rth

Number

Net "rth

(5)

(6)

(7)

Number

Net mr1h
Number
(9)

(10)

Amount

4,478.8

3,218,225

3,976.5

504,714

2,713,510

2.763.4

1,535,501

1,715.3

1,178,010

475.5

1,200,157

Alabama ................
...........
Alaska ......................
Arizona .......... .... ..
Arkansas ............
..............
California

44.8
18.0
67.3
31,8
689.4

31.813
11.121
53,998
24,715
598,487

41.4
17.3
59.9
27.6
607.7

4,000
2,571
6.022
4,752
98,479

27,813
8,550
47,976
19,963
500,009

32.0
13.7
37.8
21~15
341,15

18,338
6,266
19,637
10,835

12.7
4.3
29.5
10.2
347.8

9.475
2,2B4
28,338
9,128
278,893

7.2
1.8
7.0
4.7
95~2

14,402
3,448
24,058
9,301
257.506

Colorado ... ......................... .
Connecticut
......... ............
Delaware
. ...........
Florida
Georgia
........ ......................

83.3
751
117
288.1
86.3

70,049
54,720
8,222
229,310
57,153

73.4
68,0
11.8
246.9
75.6

16,015
4,535
1.347
35,141
9,421

54,033
50,185
6,875
194,170
47,731

49,7
441
7.6
169.8
62.4

34.215
23.955
4.145
114,157

33.6
31.0
6.1
118.3
23.9

19,819
26,231
2,729
80,013
16,034

8.2
9.7
0.8
41.8
7.9

26,382
24,362
2,234
97,606
20,432

Hawaii..
.......... ......
Idaho.
...........
Illinois
.................. .......
Indiana
........ ........... ..
Iowa ..............

20.3
18.5
230.7
80.3
105.6

14,767
11,380
154,487
48,387
58,303

18.4
16.1
209.4
64.8
92.3

3,523
3,443
27.745~
8,009
12,658

11,244
7,937
126,743
40,378
45,645

13.1
9.6
150.5
49.5
73.9

7,309
3,354
81,571
25,780
30,125

7.2
~8.9
802
30,8
31.7

3.935
4,584
45,172
14,598
15,520

1.4
1.0
20.8
7.6
4.7

4,813
2,074
47,403
14,702
10,528

Kansas ..
. .......
Kentucky
...... .............
Louisiana
_ .............
Maine .......... ........ ................
Maryland (includes District of
Columbia) ......... ................

69.5
49.6
70.6
14.7

44,070
31,524
50,846
10,550

58.7
45.2
66,1
13,2

6,121
5,275

37,949
26,249

46.9
34.7

9,538
2,458

41,308
8,092

38.9
9.7

26,256
16,577
21,302
4,929

22.6
14,9
31.7
5,0

11,693
9,673
20,006
3,163

4.2
5,0
7.6
1.2

12,7ob
11,200
18,201
2,999

88.9

65,458

76,11

7,735

57,723

62.3

36,741

26.6

20,982

9~8

28,489

Massachusetts ...... ................
Michigan
.........................
Minnesota
Mississippi
Missouri ........... .. .............

102,3
111~8
90.6
33.9
77.0

61,078
68,734
56,643
18,320
55,610

99.0
98.9
78.5
30.3
62.3

6,334
8,913
12,055
3,793
7,206

54,744
59,822
44,588
14,526
48,404

61.2
76,5
74.7
25,0
55.2

30,527
38,342
34,156
10,326
31,313

41.1
35.4
15.9
8.9
21.8

24,217
21,479
10,433
4,200
17,091

8.8
9~8
IS4
1,6
8.1

20,739
22,199
15,418
3,107
19,855

Montana
. .......... ........
Nebraska
Nevada
New Hampshire
...............
New Jersey .. ............ .............

25.5
57.0
27.7

16,539
36,002
26,249

22.2
48.3
25.9

4,600
7,550
4,198

13,13
141,7

9,387
89,787

13.0
128.0

1,677
11,902

11,939
28,452
22,051
7.710
77,885

16.7
39.6
10.4
9.9
97.3

7,714
17,864
6,835
5,610
49,331

8.8
17.4
173
3.7
44.4

4,226
10,588
15,215
2,100
28,554

1.9
4.1
4.4
1.3
11.6

4,385
8,016
13,483
3,547
29,223

New Mexico
New York
North Carolina
North Dakota
Ohio .... ..... . ...

. .....
. .............
.............
.............

14,6
326,5
71 ~2
29.5
141.5

11,530
245,727

3,168
24,810
8,799
5,457
12,498

8,362
220,917
34,260
13,485
74,106

9.2
2002
52.7
24.5
88 0

4,736
124,809
22,604
10,448
43,199

5A
1263
18.5
5.0
53.5

3,626
96,108
11,656
3,037
30,907

1.6
38.1
5.0
2.2

86,605

13,0
280.1
673
24.3
130.0

13,0

3,602
109,525
10,680
3,555
27,143

Oklahoma
Oregon ..............
Pennsylvania
Rhodelsfiand
......... .......
South Carolina . .. ......... ....

72.8
51.5
144.6
10.9
50.0

5~1,997
28,866
95,247
8,043
29,130

59.5
41.3
133.0
9.8
48.3

9,121
3,922
13,051
1,184
4,335

45,876
24,943
82,196
6,859
24,795

48,6
32.2
92.7
8.0
32.9

29,341
14,056
45,620
5,214
16,381

24.2
193
51.9
2.9
17,1

16,535
10,887
36.576
1,646
8,414

T5
2.6
13.8
1.5
3.4

21,454
5,259
33,475
2,966
9,080

South Dakota
.............
Tennessee . .........................
Texas
................. I 1
11
Utah .......................................
Vermont
.......... .............

19.4
61.5
3415
24.0
10.3

10,407
38,146
266,266
16,431
8,844

17.7
58.8
323.0
21,0
7.8

3,207
5,839
39,344
2,782
710

7,200
32,306
226,921
13,649

5,379
20,777

8,134

15.6
41.9
167.1
13.4
6.6

102,056
8,723
5,858

3,13
19,6
1764
10.6
3.6

1,821
11,530
124,866
4,927
2,276

1.0
7.2
41.4
3.4
1.4

1,645
13,677
110,861
6,688
4,242

Virginia
...............................
Washington ............................
West Virginia ..................
Wisconsin ..........
Wyoming
Other Areas. ... ......... .....

89~9
75.5
10.6
77.6
14.1

60,632
56,157
7,449
45,672
10,716
7,647

79,9
65~7
10.0
69.2
12.1
8.1

7,464
8,842
1,949
8,954
1,811
448

53,168
47,315
5,499
36,718
8,904
7,199

61.8
41 ~8
8.1
63~7
11.1
6.8

34,707
29,089
4,041
27,781
6,264
4,098

28.1
33.8
2.5
13.9
3.0
4.5

18,462
18,226
1,458
8,937
2,641
3,101

8.0
7.7
0.8
5.5
2~5
1~9

25,067
17,931
1,320
11,381
4,590
3,204

United States, total

11.3

43,059
18,942

221,115

31,697

1 U.S. citizens domiciled abroad. Persons who acquired U.S. citizenship solely by virtue of being a citizen of Puerto Rico or the Virgin Islands are not included.
NOTE: Detail may not add to totals because of rounding.

Estimates of Personal Wealth, 1982

45

Table 7B.-All Top Wealthholders With Gross Assets Greater Than $500,000, by State of Residence
[All figures are estimates based on estate tax return samples-numbers of top wealthholders are in thousands, money amounts are in millions of dollars]

Stat e of residence

United States, total

Number of
top ~ealth holders

Total
assets

(1)

(2)

Debts and mortgages
Number

Amount

(3)

(4)

Net
mrth

Men

Women

Number

Net "rth

Number

Not worth

(5)

(6)

(7)

(8)

(9)
877,201

2,233.1

2,464,225

2,033.2

399,206

2,065,019

1,40&7

1,187,818

824,5

Alabama ............. ._ .......................
Alaska ..........
.................... ..........
Arizona
.............
.__ ...........
Arkansas
__ ...................
California
...................... ............

23.6
8.8
34,2
20.8
380~7

25,467
8.118
42,511
21,232
487,466

22.1
8.7
30.8
17.9
337.6

3,021
1,788
4,471
3,828
79,958

22,445
6,330
38,040
17,404
407,508

16.4
6.5
19.5
14.0
183.6

14,266
4,707
14,618
9,322
178,613

7.1
2.3
14.7
6.8
197.1

8,180
1,623
23,422
8,082
228,895

Colorado .... ............... _ .......... __
Connecticut
................
............
Delaware
...............
...
Florida ..........
..............................
Georgia ...........

44.5
40,6
4.4
154~O
42~O

56,727
43,536
5.181
182,854
43,633

38.6
3&9
4.1
137A
37.3

13,663
3,844
1,151
29,875
7,309

43,064

26.9

39,693
4,030
152,979
36,324

22.6
3.7
98.0
31.2

28,989
18,177
3,371
93,870
24,746

17.6
18A
0,6
56,0
10.8

14,075
21,516
659
59,109
11,578

Hawaii .. ...... ............... ............
Idaho
............ __
Illinois ........... ............ .....................
Indiana
............. __ ..................
Iowa..... ......
....................

8.7
10.6
11&8
362
41,7

10,864
8,448
116,416
33.484
36,373

8.0
10.2
107,2
30.4
38.6

2,919
2,393
22,642
7,088
9,404

7,946
6,054
93,775
26,395
26,969

6.0
52
83.3
22.4
32~O

5,655
2,794
64,286
18,322
18,360

2.7
5.4

2,290
3,260

33.5
13.8
9.7

29,488
8,073
8,609

Kansas. ... ~ ~~ _ ~.. ~.. ~ .................. __
Kentucky..
..........
Louisiana
.......... ...............
Maine
__ ............. ...............
Maryland (includes District of
Columbia...
...........................

30,2
222
37.5

30,476
22,945
39,405

26.1
21.9
36.5

4,024
3,647
7,566

T8

8,525

7.0

2,068

26,452
19,299
31,839
6,457

19,7
15.6
21.4
4.6

18,651
12,533
17,589
3,785

10~5
6.6
16.2
32

7,801
6,766
14,250
2,672

45.5

51,609

41.5

6,400

45,209

32.7

29,278

128

15,931

Massachusetts
... ..........
Michigan
......... ...............
Minnesota
...................
__
Mississippi_ .....................................
Missouri
....................... ................

44.4
50.7
41.1

42,630
48,945
40,631
11,705

42.7
46.4
38.5

4,489
5,409
9,134

38,141
43,535
31,497

26.7
36.9
34.4

22,255
29,192
24,303

17,7
13,8
6.7

15,886
14,343
7,194

43,135

132
36.0

2,437
6,127

9,268
37,008

12.1
32.3

7,243
24,611

2.4
9.3

2,025
12,397

Montana
................. ....
Nebraska
...............................
Nevada ...................................
New Hampshire
_ ....................
New Jersey.... ..................................

14.3
30.1
12Z
T3
64.4

13,092
25,718
20,459
7,810
64,707

12.2
27.2
12.0
6.9
58.1

4,139
6,315
2,849
1,352
9,492

8,954
19,403
17,610
6,459
55,215

8.5
210
6.3
4~6
46.4

5,540
12,372
6,088
4,713
36,296

5.8
7.1
6.2
2.8
18.0

3,414
7,031
11,522
1,745
18,919

New Mexico ...............
............
New York
North Carolina
.........................
North Dakota
...............
Ohio ...................... ..........

7~8
151.3
37.0
16.9
63.5

9,106
187,963
31,777
14,284
61,322

7.0
136.6
35.5
14.8
59.8

2,690
18,802
7,067
4,862
9,376

6,416
169,161
24,710
9,421
51,946

5.4
98.5
28.0
15.2
43.5

3,702
97,467
16,640
7,397
32,382

2.5
52.8
9,0
1,7
20.0

2,714
71,693
8,070
2,024
19,564

Oklahoma
.__ ........................
Oregon
.............................. ........
Pennsylvania ........... ............. ..........
Rhode Island.. ..................................
South Carolina ..................
..........

36.8
24.3
73.6
5.5
20.0

43,270
19.488
72,848
6,287
20,329

30.0
21.7
70.7
5.4
19.5

7,727
2,933
10,513
1,014
3,105

35,543
16,555
62,335
5,273
17,224

25.4
13.0
43.8
4.3
13.3

23,870
8,482
33,767
4,307
12,258

11.4
11.3
29.8
1.2
6.7

11,673
8,074
28,568
966
4,965

South Dakota ................. ___ ...........
Tennessee...
...............
Texas ................................................
Utah .................................................
Vermont ............................................

8.7
27.4
175.9
11.0
5.1

6,711
27,277
209,965
12,033
6,972

8.2
25.8
168.0
9.4
4.9

2,430
4,524
30,965
1,853
575

4,281
22,753
179,000
10,180
6,397

6.7
17.9
91.5
7.1
15

3,126
14,730
82,461
7,266
4,986

1.9
9.5
84.4
3.9
1.6

1,155
8,022
96,539
2,914
1,412

Virginia ........................................... _
Washington .......................... ..........
West Virginia ....................................
Wisconsin .............. .............. ...........
Wyoming .........................
...........
Other Areas' ........................... ........ 1

41.5
377
7.2
35.9
7.0
7.3

45,503
41,904

37.7
k.4
6.7

5,039
6,738
1,600
6,975
1,337
281

40,464
35,166
4,713
25,156
7,073

30.2
21.9
5.4
28.1
5.2
4.2

27,321
23,082
3,475
18,313
4,861
3,376

11.3
15.8
1.8
7.8
1,8
11

13,143
12,084
1,238
6,843
2,211
2,575

Footnotes at end of table,

14.5
41.6

6,312
32,131
8,409
6,232

33.9
6.4
5.2

5,951

46

Estimates of Personal Wealth, 1982

Table 7B-All Top Wealthholders With Gross Assets Greater Than $500,000, by State of Residence-Continued
[All figures are estimates based on estate tax return sampIM-numbers of top wealthholders are in thousands; all money amounts are in millions of dollars]
Selected assets
State of residence

Cash

Corporate stock

Bonds

Nonwrporate business assets

Real estate

Number

Amount

Number

Amount

Number

Amount

Number

Amount

Number

Amount

(10)

(11)

(12)

(13)

(14)

(15)

(16)

(17)

(18)

(19)

2,178.0

205,960

1,842.9

737,964

980.7

173.635

2.074.3

800,391

971.8

191,128

Alabama
............
Alaska
..........
Arizona
............. ......
Arkansas
............. .......
California ................ ...............

23.1
&8
32.9
20.3
370.3

1,687
577
2,470
2,452
33,905

19.9
5.2
28.1
16.4
301 ~2

6,767
1,765
18,172
4,193
123.506

11.2
1.4
13.6
8.5
146.6

1,381
98
1,954
3,375
23,706

23.0
8.5
32.4
19.3
363.4

8.302
3,733
11,999
6,504
202,568

10.8
5.9
16.7
9.8
174.6

1,845
1,021
2,735
1,247
45,124

Colorado ...............................
Connecticut
...................
Delaware ............
......
Florida
...........
Georgia
................

44.3
38,9
4.2
149.8
40,8

4,092
4,007
570
15,824
3,100

36.0
35.1
19
125.5
35~6

14.768
17.536
1,712
52,078
14,390

17.5
22.4
1.9
77.1

41.2
34.8
4.2
143.4
39.1

20,600
11,014

15.8

2,676
4,116
387
21,148
1,730

1,352
57,377
13,880

21.7
9.8
1.8
49.7
15.7

7,597
1,011
545
10,049
2,770

Hawaii.....
Idaho...
Illinois ........... ....
Indiana ............... ......... ... ..........
Iowa .. .......... ...................

8.4
9.6
114.6
35.5
40.8

501
662
11,856
2,834
2,178

7.2
6.6
100.2
27A
36.5

2.376
1,081
34,443
10,818
8,309

3.0
2.7
55.6
14.3
16.0

899
328
9,115
2,430
1,435

&5
10.0
107A

5,840
3,819
34.590
11,722
15,328

3,5
7.8
47.0
13,9
28.1

467
1,048
8,182
1,776
4.497

Kansas
Kentucky
......
Louisiana...
..... ....... ..............
Maine...
.... ...... ....... ..............
Maryland (includes District of
Columbia .................. ...... .

29.4
21,8
36.6
7.8

2,933
2,120
3,197
719

24~9
19~9

9,045
9.293

13.9
132

28.5
21.1

319
7~5

11,425
3,723

18.8
3A

2,282
1,790
2,414
449

35.9
7.2

9,832
6,611
14,440
1,564

18,8
102
15.2
2.1

2,790
800
2,202
657

44.8

4,136

40~2

14,125

24,0

3,635

413

15,067

15.9

4.164

Massachusetts ... . ....... ...............
Michigan . ... ............ .................
Minnesota ..... ..... ................ ...
Mississippi ..... ...........................
Missouri
............ ...........

44.1
48.9
39.9
14.1
40.0

4,253
5,188
2,342
1,147
2,993

3&9
41 ~2
331
11 ~5
33.7

16,696
17,481
10,738
2,436
16,766

24Z
23.1
15.6
6.2
17~9

4,764
3,891
1,833
587
3,769

39,8
45,6
39.8
13.6
36.8

9,443
10,792
16,801
4,024
10,761

10.3
21.6
23~9
5~7
20~O

1,368
3,861
4,357
1,165
2,495

Montana ..............
.... .........
Nebraska . _
Nevada
..... ..... .... .......
New Hampshire .......... ......... ...
New Jersey ....... ........ ... .... ...

14.2
28.9
12.4
73
62,6

1.064
1,830
2.270
943
6,280

9A
223
10.1
5.7
.55.8

2,312
4,701
5,569
3,104
24,661

5.1
10,8
4,9
3.4
36.8

357
1,207
1,866
703
7,282

13.7
29.6
11.9
6,0
60.3

5.695
11,514

7.6
22'A
7.3
1.3
19.6

1,232
3,569
876
100

New Mexico
New York
...... ......... ..
North Carolina ...........................
North Dakota ... ...... ............. ....
Ohio
................ .....

7,7
145,6
36,1
15,7
621

656
19,107
2,850
768
5,875

5.5
132.8
32.4
11.9
56.2

2,066
69,276
10,063
1,373
23,705

2.9
877
15.9
5,0
26,6

273
23,036
1,703
140
3,542

T8
119~2
36,0
16.6
57,2

2,820
35,114
11,257
6,957
15,528

3.9
45.7
14.2

346
13,119
1,664
2,569

Oklahoma .......... ...... ............
Oregon ............ ......... ...
Pennsylvania
Rhode Island
South Carolina ...... ..... ..... .......

352
24.1
73.3
5.4
19~7

4,498
1,875
6,753
566
1,866

27~2
17.5
66,5
4,9
17.1

13,870
4,271
28,220
2,581
7,483

107
7,81
413
42
9A

1,655
1,104
7,224
714
931

34A
23.2
67~ 1
5.0
18.2

12,859
6,800
16,861
1,656
5,595

16.4
11,9
21.6
12
7,5

3,516
1,828
3,818
88
~1,147

South Dakota
..........
Tennessee
..........
Texas
...... ..........
Utah .... ... ........... ..... .... .........
Vermont ... ..... ..... ............

7.7
26.5
174.3
10.9
5.1

468
2.883
18,229
705
398

5.6
216
147.1

1,196
8,376
52,981
3,780
3,721

2.6
12.2
60,8
3.6
32

139
1,484
9,887
551
783

8.6
27.3
171.1
9.6
4.9

2,687
7,771
73,518
4,127
1,226

&7
121
101,0
5.6
3~O

1,591
1,597
19,877
871
134

Virginia

......... ...... ...... ..............

40.9

3,143

352

Washington
..... ... ...
West Virginia
Wisconsin ........ ............ ........ ....
Wyoming ... .......................
Other Areas' ...
---- I.. ~.

37.6
7.0
34.2
7.0
7.1

2,922
664
2,023
1,019
565

30.4
6.5
28.4
5.1
5.6

14,323
9,719
2,612
10,339
1,731
2,291

19.2
16.1
2.9
14.0
1~9
3.2

2,664
3,051
256
1,705
399
786

38.4
36.1
7.1
34.7
6.7
5.1

12,776
16,626
1,616
10,170
3,168
1,024

160
21 ~6
Z6
20.6
3.8
2.6

4,326
4,166
331
3,208
572
593

United States, total ...............

-

7~6
4.9

35.0
39.0

7,478
1,793
15,794

Estimate should be used with caution because of the small number of sample estate tax returns on which it is based.
U.S citizens domiciled abroad. Persons who acquired U,S, citizenship solely by virtue of being a citizen of Puerto Rico or the Virgin Islands are not included.
NOTE Delail may not add to totals because of rounding.

3,157

122
22.8

3,060

-

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/documents/agency%3Airs%3A8b7dbb9cffbb52c4. Public record. Not legal advice.