Separately, some Republican senators were questioning the repeal of a 40 percent inheritance tax levied on
estates worth more than $ 5.5 million, or $ 11 million for married couples — a tax paid only by the wealthiest American taxpayers, or about 0.2 percent of Americans, according to the Center on Budget and Policy Priorities, a
research and policy
institute.
In 1986 he formed Vulcan Inc., his private company which oversees all his philanthropic and business activities including but not limited to Vulcan Aerospace, Vulcan Capital, Vulcan Real
Estate, Vulcan Productions, Vulcan Philanthropy, the Paul G. Allen Family Foundation, the Seattle Art Fair, Upstream, as well as sports teams,
research institutes, museums and arts and entertainment venues.
It is a dialog IREM has fostered for years, in previous summits as well as the ongoing
research conducted on the
institute's behalf by Dustin Read, PhD / JD, assistant professor of Property Management and Real
Estate at Virginia Tech.