What happened to the increasing transfer of wealth that is suppose to occur each year? Legacys can be transfered with less estate taxes. Is this part of the answer?
Amercas gave estimated $241 Billion In 2003. When adjusted for inflation that is an increase over 2002 of 0.5%. The second year in a row with growth of under 1%. A sluggish economy could be the reason.
For more on this subject see Americans Gave Estimated $241 Billion In 2003. http://www.nptimes.com/Jul04/np3.html