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Estimated Federal Tax Rates
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Without a wealth retention plan in place, your survivors' likely federal tax burden is significant (Don't forget there are also probate and other fees added on as well).
| Year |
Minimum Tax Rate (for Estate and Gift Taxes) |
| 2002 |
50% |
| 2003 |
49% |
| 2004 |
48% |
| 2005 |
47% |
| 2006 |
46% |
| 2007 |
45% |
| 2010 |
NA (for estate taxes - repealed) |
| 2010 |
35% (for gift taxes only) |
| 2011 |
55% (for estate and gift taxes) |
| Year |
Applicable Exclusion Amount |
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Estate, GST and Gift Taxes |
| 2002 |
$1 million |
| 2003 |
$1 million |
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Estate and GST Taxes |
Gift Taxes |
| 2004 |
$1.5 million |
$1 million |
| 2005 |
$1.5 million |
$1 million |
| 2006 |
$2 million |
$1 million |
| 2007 |
$2 million |
$1 million |
| 2008 |
$2 million |
$1 million |
| 2009 |
$3.5 million |
$1 million |
| 2010 |
N/A (estate and GST taxes repealed) |
$1 million |
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Estate, GST and Gift Taxes |
| 2011 |
$1 million |
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