| The Personal Representative
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ESTATE AND GIFT TAX SCHEDULE |
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EstateSettlement.com ©
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Estate and Generation Skipping Tax |
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Calendar |
Applicable |
Highest Estate & |
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Gift Taxes |
Highest Gift |
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Year |
Exclusion |
Generation Skipping Rate |
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Applicable Exclusion |
Tax Rate |
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2004 |
$1.5 million |
48% |
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$1 million |
48% |
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2005 |
$1.5 million |
47% |
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$1 million |
47% |
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2006 |
$2 million |
46% |
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$1 million |
46% |
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2007 |
$2 million |
45% |
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$1 million |
45% |
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2008 |
$2 million |
45% |
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$1 million |
45% |
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2009 |
$3.5 million |
45% |
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$1 million |
45% |
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2010 |
Repealed |
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$1 million |
Top Individual Rate |
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2011 |
$1 million |
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See Tax Professional for Details
ESTATE TAX CALCULATOR (CLICK HERE)
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Transfer Tax Rate Schedule 2007-2009 |
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Taxable Amount |
Tax |
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Marginal Rate |
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0 |
0
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18% |
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$10,000 |
$1,800
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20% |
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$20,000 |
$3,800
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22% |
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$40,000 |
$8,200
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24% |
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$60,000 |
$13,000
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26% |
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$80,000 |
$18,200
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28% |
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$100,000 |
$23,800
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30% |
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$150,000 |
$38,800
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32% |
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$250,000 |
$70,800
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34% |
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$500,000 |
$155,800
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37% |
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$750,000 |
$248,300
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39% |
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$1,000,000 |
$345,800
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41% |
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$1,250,000 |
$448,300
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43% |
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$1,500,000 |
$555,800
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45% |
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$2,000,000 |
$780,800
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45% |
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$2,500,000 |
$1,025,800
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45% |
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$3,000,000 |
$1,290,800
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45% |
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See Tax Professional for Details |
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