DEATH AND FTAZES

 

PRESENT FEDERAL ESTATE TAX RATES*

 

 

Net Est.

after

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$60,000. Tax %
exemption
0 0 0 To 4,000 3%

5,000 150 5,000 10,000 7
10,000 500 10,000 20,000 11
20,000 1,600 20,000 30,000 14
30,000 3,000 30,000 40,000 18
40,000 4,800 40,000 50,000 7
50,000 7,000 50,000 60,000 25
60,000 9,500 60,000 100,000 28
100,000 20,700 100,000 250,000 30
250,000 65,700 250,000 500,000 32
500,000 145,700 500,000 750,000 35
750,000 233,200 750,000 1,000,000 37
1,000,000 325,700 1,000,000 1,250,000 39
1,250,000 423,200 1,250,000 1,500,000 42
1,500,000 528,200 1,500,000 2,000,000 45
2,000,000 753,200 2,000,000 2,500,000 49
2,500,000 998,200 2,500,000 3,000,000 a3
3,000,000 1,263,200 3,000,000 3,500,000 56
3,500,000 1,543,200 3,500,000 4,000,000 59
4,000,000 1,838,200 4,000,000 5,000,000 63
5,000,000 2,468,200 5,000,000 6,000,000 67
6,000,000 3,138,200 6,000,000 7,000,000 70
7,000,000 3,838,200 7,000,000 8,000,000 73
8,000,000 4,568,200 8,000,000 10,000,000 76
10,000,000 6,088,200 all over 77

 

10,000,000

 

PRESENT FEDERAL GIFT TAX RATES

Effective Jan. 1, 1942 and for subsequent years the annual exemption has been
reduced to the first $3,000 of gifts to any one person. The general exemption has
been reduced to $30,000. After all deductions and exemptions the tax rates run
from 214% to 5734%.

* Used in computing Tentative Federal Estate Tax.