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FEDERAL ESTATE TAX RATES AND EXEMPTION EQUIVALENTS
| 1. General Unified Transfer Tax Rate Schedule 2002 - 2011 |
| |
| Tax Base |
|
|
|
Percentage |
|
| Over |
|
But Not Over |
|
Base Amount |
|
on Excess |
|
| |
| 0 |
|
10,000 |
|
0 |
|
18% |
|
| 10,000 |
|
20,000 |
|
1,800 |
|
20% |
|
| 20,000 |
|
40,000 |
|
3,800 |
|
22% |
|
| 40,000 |
|
60,000 |
|
8,200 |
|
24% |
|
| 60,000 |
|
80,000 |
|
13,000 |
|
26% |
|
| 80,000 |
|
100,000 |
|
18,200 |
|
28% |
|
| 100,000 |
|
150,000 |
|
23,800 |
|
30% |
|
| 150,000 |
|
250,000 |
|
38,800 |
|
32% |
|
| 250,000 |
|
500,000 |
|
70,800 |
|
34% |
|
| 500,000 |
|
750,000 |
|
155,800 |
|
37% |
|
| 750,000 |
|
1,000,000 |
|
248,300 |
|
39% |
|
| 1,000,000 |
|
1,250,000 |
|
345,800 |
|
41% |
|
| 1,250,000 |
|
1,500,000 |
|
448,300 |
|
43% |
|
| 1,500,000 |
|
2,000,000 |
|
555,800 |
|
45% |
|
| 2,000,000 |
|
2,500,000 |
|
780,800 |
|
49% |
* |
| 2,500,000 |
|
|
1,025,800 |
|
50% |
* |
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| 2. Exemption Equivalents and Reduction of Top Rates |
| |
| Year |
|
Exemption Equivalent |
|
Top Rate |
|
| |
| 2002 |
|
$1 million estate & gift tax: |
|
50% |
|
| |
$1.1
million GST |
|
| |
| 2003 |
|
$1 million estate & gift tax: |
|
49% |
|
| |
$1.1 million (indexed for
inflation) GST |
|
| |
| 2004 |
|
$1.5 million for estate
& GST taxes: |
48% |
|
| |
$1 million for gift tax |
|
| |
|
|
|
| 2005 |
|
$1.5 million for estate
& GST taxes: |
47% |
|
| |
$1 million for gift tax |
|
| |
| 2006 |
|
$2 million for estate &
GST taxes: |
|
46% |
|
| |
$1 million for gift tax |
|
| |
| 2007 |
|
$2 million for estate &
GST taxes: |
|
45% |
|
| |
$1 million for gift tax |
|
| |
| 2008 |
|
$2 million for estate &
GST taxes: |
|
45% |
|
| |
$1 million for gift tax |
|
| |
| 2009 |
|
$3.5 million for estate
& GST taxes: |
45% |
|
| |
$1 million for gift tax |
|
| |
| 2010 |
|
$1
million for gift taxes: |
|
Full repeal of estate |
|
| |
|
|
|
and GST taxes; gift |
|
| |
tax retained at top |
|
| |
income tax rate |
|
| |
| 2011 |
|
$1 million for estate &
gift taxes: |
|
55% |
|
| |
$1.1 million ( indexed for
inflation) GST |
|
* See Section 2 For Changes in Top Marginal Rates
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