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FEDERAL ESTATE
TAX
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SIZE OF
ESTATE
|
ESTATE TAX
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0 to $1,000,000
|
0
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1,000,000 but not over $1,250,000 |
32% of the amount
over $1,000,000
|
|
$1,250,000 but not over $1,500,000 |
$70,000 plus 34% of the amount over $1,250,000 |
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$1,500,000 but not over $1,750,000 |
$155,000 plus 37% of the amount over $1,500,000 |
|
$1,750,000 but not over $2,000,000
|
$248,300 plus 39% of the amount over $2,000,000 |
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$2,000,000 but not over $2,250,000
|
$345,800 plus 43% of the
amount over $2,250,000
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$2,500,000 but not over $3,000,000
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$555,800 plus 45% of the
amount over $2,500,000
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$3,000,000 but not over $3,500,000 |
$780,800 plus 49% of the amount over $3,000,000
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INCREASED CREDIT
|
YEAR
|
EXEMPTIONS |
HIGHEST RATE |
| 2003 |
$1,000,000 |
49% |
| 2004 |
$1,500,000 |
48% |
| 2005 |
$1,500,000 |
47% |
| 2006 |
$2,000,000 |
46% |
| 2007-08 |
$2,000,000 |
45% |
| 2009 |
$3,500,000 |
45% |
| 2010 |
tax repealed |
0 |
| 2011 |
$1,000,000 |
55% |
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