|
|
Taxable
Estate
|
Tax
|
Rate
on Excess
|
|
$1,000,000
|
$0
|
41%
|
|
1,250,000
|
102,500
|
43
|
|
1,500,000
|
210,000
|
45
|
|
2,000,000
|
435,000
|
49
|
|
2,500,000
|
680,000
|
50
|
|
3,000,000
|
930,000
|
50
|
|
4,000,000
|
1,430,000
|
50
|
|
5,000,000
|
1,930,000
|
50
|
|
6,000,000
|
2,430,000
|
50
|
|
7,000,000
|
2,930,000
|
50
|
|
8,000,000
|
3,430,000
|
50
|
|
9,000,000
|
3,930,000
|
50
|
|
10,000,000
|
4,430,000
|
50
|
Note:
An additional tax known as the generation skipping
transfer tax may apply if your gifts and bequests to
beneficiaries more then one generation younger then
you exceed $1,030,000 (adjusted annually for
inflation).
This
table reflects the full unified credit exclusion
amount of $1,000,000 available in 2002 &
2003. For purposes of the above calculations:
(1) the unified credit of $345,800 is taken into
account: (2) the state death tax credit is not taken
into account.
The
ranges will be changing in stages commencing
2002-2010.
For
more info on any of these products or if you have other
questions, please call us at 631-393-5039 or email us at
info@ltcamerica.com.
|
