Estate Tax Rate?

Question

What is the highest marginal estate tax rate??

Answer 1

Beginning in 2004, the estate and gift tax systems are decoupled. The gift tax exemption remains fixed at $1,000,000, but the estate tax exemption is $2,000,000 for deaths in 2006 through 2008. The estate tax applicable exclusion amount increases through 2009. The estate tax is repealed in 2010, but returns in 2011 with an applicable exclusion of $1,000,000. The highest rate seems to be 45% - then changes to 55% in 2011. See the chart at the bottom of the link - for more info. ♥