Calculating Estate Tax Liability: 2001 to 2011 and Beyond

Noto, Nonna A.

Library of Congress. Congressional Research Service.

关键词: Taxation;    Estate tax;    Tax credits;   

RP-ID  :  RL33718
RP-ID  :  RL33718_2008May07

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report provides a basic explanation of how to calculate the federal estate tax liability for a taxable estate of any given size, using the schedule of graduated marginal tax rates and the applicable exclusion amount or the applicable credit amount for the year of death. The “applicable exclusion amount” is the amount of any decedent’s taxable estate that is free from tax. It is known informally as the estate tax “exemption.” The “applicable credit amount” or “unified credit” is the corresponding tax credit. It is equal to the tax that would be due on a taxable estate that is the size of the applicable exclusion amount.