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Estate Tax Rates for 2000
The value of your taxable estate determines how much estate tax your heirs will be obligated to pay. In 2000, each taxpayer is allowed an Applicable Exclusion Amount of $675,000. This means that a person can transfer up to $675,000 of property during their life, at their death or a combination of both without paying gift or estate taxes. Persons with taxable estates in excess of $675,000 in 2000 will be subject to marginal tax rates ranging from 37% to 55%. Use the chart below to determine your estate tax rate.
|
Taxable Estate
2000 |
Tax |
Unified Credit Amount |
Net Tax*
|
Marginal Estate Tax Rate |
|
$675,000 |
$220,550 |
$220,550 |
$0 |
37% |
|
$750,000 |
$248,300 |
$220,550 |
$27,750 |
39% |
|
$1,000,000 |
$345,800 |
$220,550 |
$125,250 |
41% |
|
$1,250,000 |
$448,300 |
$220,550 |
$227,750 |
43% |
|
$1,500,000 |
$555,800 |
$220,550 |
$335,250 |
45% |
|
$2,000,000 |
$780,800 |
$220,550 |
$560,250 |
49% |
|
$2,500,000 |
$1,025,800 |
$220,550 |
$805,250 |
53% |
|
$3,000,000 |
$1,290,800 |
$220,550 |
$1,070,250 |
55% |
*Tax minus Unified Credit Amount
Source: Internal Revenue Code, Sec. 2010
 
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