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The following chart illustrates Federal Estate and Gift taxes from tax
years 2000 to 2011.
|
Year |
Federal Estate
Tax Exclusion |
Federal Gift
Tax Exclusion |
Maximum Estate and Gift Tax Rate |
Generation-Skipping Transfer
Tax Exemption |
|
2000 |
$675,000 |
$675,000 |
55% |
$1,030,000 |
|
2001 |
$675,000 |
$675,000 |
55% |
$1,060,000 |
|
2002 |
$1,000,000 |
$1,000,000 |
50% |
$1,100,000 |
|
2003 |
$1,000,000 |
$1,000,000 |
49% |
$1,120,000 |
|
2004 |
$1,500,000 |
$1,000,000 |
48% |
$1,500,000 |
|
2005 |
$1,500,000 |
$1,000,000 |
47% |
$1,500,000 |
|
2006 |
$2,000,000 |
$1,000,000 |
46% |
$2,000,000 |
|
2007 |
$2,000,000 |
$1,000,000 |
45% |
$2,000,000 |
|
2008 |
$2,000,000 |
$1,000,000 |
45% |
$2,000,000 |
|
2009 |
$3,500,000 |
$1,000,000 |
45% |
$3,500,000 |
|
2010 |
REPEAL |
$1,000,000 |
0% |
REPEAL |
|
2011 |
$1,000,000 |
$1,000,000 |
55% |
$1,000,000 |
|
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