| Tax Changes
From 2001
This simplified chart shows the key rates that will change
between 2004 and 2010.
2004
Applicable Exclusion Amount - 1.5 Million
Lowest Estate Tax Rate - 45%
Highest Estate Tax Rate - 48%
Lifetime Gifts Market Value Exemption - $1
Million
Lowest Gift Tax Rate - 41%
Highest Gift Tax Rate - 48%
GST Exemption Amount Allowable - $1.5 Millio
GST Transfer Tax Rate - 48%
2005
Applicable Exclusion Amount - 1.5
Million
Lowest Estate Tax Rate - 45%
Highest Estate Tax Rate - 47%
Lifetime Gifts Market Value Exemption - $1
Million
Lowest Gift Tax Rate - 41%
Highest Gift Tax Rate - 47%
GST Exemption Amount Allowable - $1.5 Million
GST Transfer Tax Rate - 47%
2006
Applicable Exclusion Amount - 2 Million
Lowest Estate Tax Rate - 46%
Highest Estate Tax Rate - 46%
Lifetime Gifts Market Value Exemption - $1
Million
Lowest Gift Tax Rate - 41%
Highest Gift Tax Rate - 46%
GST Exemption Amount Allowable - $2 Million
GST Transfer Tax Rate - 46%
2007
Applicable Exclusion Amount
- 2 Million
Lowest Estate Tax Rate - 45%
Highest Estate Tax Rate - 45%
Lifetime Gifts Market Value Exemption -$1
Million
Lowest Gift Tax Rate - 41%
Highest Gift Tax Rate - 45%
GST Exemption Amount Allowable - $2 Million
GST Transfer Tax Rate - 45%
2008
Applicable Exclusion Amount -
2 Million
Lowest Estate Tax Rate - 45%
Highest Estate Tax Rate - 45%
Lifetime Gifts Market Value Exemption - $1
Million
Lowest Gift Tax Rate - 41%
Highest Gift Tax Rate - 45%
GST Exemption Amount Allowable - $2 Million
GST Transfer Tax Rate - 45%
2009
Applicable Exclusion Amount - 3.5 Million
Lowest Estate Tax
Rate - 45%
Highest Estate Tax Rate - 45%
Lifetime Gifts Market Value Exemption - $1 Million
Lowest Gift Tax Rate - 41%
Highest Gift Tax Rate - 45%
GST Exemption Amount Allowable - $3.5 Million
GST Transfer Tax Rate - 45%
2010
Applicable Exclusion Amount - Repealed
Lowest Estate Tax Rate - Repealed
Highest Estate Tax Rate - Repealed
Lifetime Gifts Market Value Exemption - $1
Million
Lowest Gift Tax Rate - 35%
Highest Gift Tax Rate - 35%
GST Exemption Amount Allowable - Repealed
GST Transfer Tax Rate - Repealed
2011+
Applicable Exclusion Amount - 1.1 Million
Lowest Estate Tax Rate - 41%
Highest Estate Tax Rate - 55%
Lifetime Gifts Market Value Exemption - $1.1
Million
Lowest Gift Tax Rate - 41%
Highest Gift Tax Rate - 50%
GST Exemption Amount Allowable - $1.1 Million
GST Transfer Tax Rate - 55%
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