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Federal Estate Tax Rates

from Money

This Chart Shows How the Federal Estate Exemption Has Changed Since 1997

The exemption from federal estate taxes has gradually increased over the years while the estate tax rate has gradually decreased. Here you will find a chart that shows the increases in the exemption and decreases in the tax rate from 1997 through 2015.

One of the primary estate planning concerns for most clients is estate taxes.  Indeed, for most people, the main goal of their estate plan is to reduce or eliminate Texas estate tax, if at all possible.  The federal estate tax rate is 40%, however, there is an estate tax exemption available. While Texas no longer [ ] The post Answers to Your Questions about the Estate Tax appeared first on Vermillion Law Firm LLC.

NC State Surplus Property Agency - Main Link It is a listing of stuff that they seized and are selling over the internet (in Raleigh).

On January 2, 2013, the American Taxpayer Relief Act of 2012 (the “2012 Tax Act”) was signed into law. Under the 2012 Tax Act, the top federal estate, gift and generation-skipping transfer (GST) tax rate is 40%, representing an increase from the prior top rate of 35%.

“Hillary Clinton Proposes 65% Top Rate for Estate Tax” blared a headline in The Wall Street Journal. Since the current top statutory tax rate on estates is 40 percent, Clinton’s proposal is nothing if not audacious. I can’t recall Barack Obama, our most left-leaning president, ever calling for a 65 percent increase in tax rates for the rich.

You should be fully aware of the potential impact of the federal estate tax when you are putting your estate plan together. This tax carries a 40 percent maximum rate, and this can cost your family a great deal of money if your estate is in taxable territory. To explain the estate tax parameters, we should provide a bit of background information. The estate tax was repealed entirely for the 2010 calendar year due to provisions that were contai

from Forbes

Updated: 2013 Federal Income Tax Brackets And Marginal Rates

Now that Congress has passed a new law to avoid the fiscal cliff, the American Taxpayer Relief Act of we have a better picture of the marginal tax rates for 2013 ahead of the official announcement from the IRS.


In the News While legislators have been considering modifying or eliminating the mortgage interest tax deduction, a Pew Charitable Trusts study shows the rate at which the deduction is claimed varies widely by region. In 2012, 34 million households claimed the deduction, costing the federal government $68 billion, according to congress’s Joint Committee on Taxation. The deduction is one of the most costly federal tax expenditures. While 22 percent of tax payers claim the deduction...