Tax

Over $1,000,000......
Over $1,250,000......
Over $1,500,000......
Over $2,000,000......
Over $2,500,000......
Over $3,000,000......
$    345,800,  plus 41% of  excess
$    448,300,  plus 43% of  excess
$    555,800,  plus 45% of  excess
$    780,800,  plus 49% of  excess
$ 1,025,800,  plus 53% of  excess
$ 1,290,800,  plus 55% of  excess


PHASED-IN CREDITS AND EXCLUSION AMOUNTS


Old Law (which returns 2011)
Year 2001 2002 2003 2004 2005 2006
Applicable Exclusion
Amount
675,000 700,000 700,000 850,000 950,000 1,000,000
Credit 220,550 229,800 229,800 287,300 326,300 345,800


New Law of 2001
Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Estate tax exemption (millions) .675 1.0 1.0 1.5 1.5 2.0 2.0 2.0 3.5 repealed 1.0 1.0
Maximum Rate .55 .50 .49 .48 .47 .46 .45 .45 .45 .55 .55
Gift tax exemption
(millions)
.675 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0
Maximum rate .55 .50 .49 .48 .47 .46 .45 .45 .45 max inc. tax rate .55 .55




 

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