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The Money Alert
Estate & Gift Taxes
Married filing jointly if taxable estate is:
Over
But Not Over
The Tax Is
Of The
Amount Over
$0
 $10,000
 $0 + 18%
 $0
$10,000
 $20,000
 $1,800 + 20%
 $10,000
$20,000
 $40,000
 $3,800 + 22%
 $20,000
$40,000
 $60,000
 $8,200 + 24%
 $40,000
$60,000
 $80,000
 $13,000 + 26%
 $60,000
$80,000
 $100,000
 $18,200 + 28%
 $80,000
$100,000
 $150,000
 $23,800 + 30%
 $100,000
$150,000
 $250,000
 $38,800 + 32%
 $150,000
$250,000
 $500,000
 $70,800 + 34%
 $250,000
$500,000
 $750,000
 $155,800 + 37%
 $500,000
$750,000
 $1,000,000
 $248,300 + 39%
 $750,000
$1,000,000
 $1,250,000
 $345,800 + 41%
 $1,000,000
$1,250,000
 $1,500,000
 $448,300 + 43%
 $1,250,000
$1,500,000
 $2,000,000
 $555,800 + 45%
 $1,500,000
$2,000,000
 And Over
 $780,800 + 45%
 $2,000,000
Scheduled Estate Tax Changes
Married Filing Jointly:
Year
Top Estate
Tax Rate
Estate Tax
Exemption
 Applicable
Credit
2002
 50%
 $1 million
 $345,800
2003
 49%
 $1 million
 $345,800
2004
 48%
 $1.5 million
 $555,800
2005
 47%
 $1.5 million
 $555,800
2006
 46%
 $2 million
 $780,800
2007
 45%
 $2 million
 $780,800
2008
 45%
 $2 million
 $780,800
2009
 45%
 $3.5 million
 $1,455,800
2010
 Repealed
 N/A
 N/A
2011
 55%
 $1 million
 $345,800
Estate Tax / Inheritance Tax & Gift Taxes
Estate & Gift Taxes
Scheduled Estate Tax Changes
Annual Gift Tax Exclusion: Individual donor may gift $12,000 per
donee
Annual Gift to Non-Citizen Spouse Exclusion: $120,000
Gift Tax Exemption: $1,000,000
Generation-Skipping Transfer Tax Exemption: $2,000,000






*The material represented above is provided for informational purposes
only and should not be construed as tax or legal advice. The information
presented here has been obtained from publicly available sources and is
believed to be accurate and current. Always consult a qualified tax and
estate planning advisor.