Bull, Morreale & Judelson P.C
Bull, Morreale & Judelson P.C

Bull, Morreale & Judelson, P.C.
90 Crystal Run Road
Suite 404
Middletown, New York 10941
Telephone No.: (845) 695-2002
Fax No.: (845) 695-2902
Contact Us

Federal Estate Tax Rates and Exemption Equivalents

1. General Unified Transfer Tax Rate Schedule 2002 - 2011
Tax Base Percentage
Over But Not Over Base Amount on Excess
0 10,000 0 18%
10,000 20,000 1,800 20%
20,000 40,000 3,800 22%
40,000 60,000 8,200 24%
60,000 80,000 13,000 26%
80,000 100,000 18,200 28%
100,000 150,00023,800 30%
150,000 250,000 38,800 32%
250,000 500,000 70,800 34%
500,000 750,000 155,800 37%
750,000 1,000,000 248,300 39%
1,000,000 1,250,000 345,800 41%
1,250,000 1,500,000 448,300 43%
1,500,000 2,000,000 555,800 45%
2,000,000 2,500,000 780,800 49%*
2,500,000 1,025,800 50%*
2. Exemption Equivalents and Reduction of Top Rates
Year Exemption Equivalent Top Rate
2002 $1 million estate & gift tax: 50%
$1.1 million GST
2003 $1 million estate & gift tax: 49%
$1.1 million (indexed for inflation) GST
2004 $1.5 million for estate & GST taxes:48%
$1 million for gift tax
2005 $1.5 million for estate & GST taxes:47%
$1 million for gift tax
2006 $2 million for estate & GST taxes: 46%
$1 million for gift tax
2007 $2 million for estate & GST taxes: 45%
$1 million for gift tax
2008 $2 million for estate & GST taxes: 45%
$1 million for gift tax
2009 $3.5 million for estate & GST taxes:45%
$1 million for gift tax
2010 $1 million for gift taxes: Full repeal of estate
and GST taxes; gift
tax retained at top
income tax rate
2011 $1 million for estate & gift taxes: 55%
$1.1 million ( indexed for inflation) GST

* See Section 2 For Changes in Top Marginal Rates