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What is the rate of the estate, gift and generation-skipping tax (the “Death Tax”)?

April 26, 2017death tax Estate generation-skipping gift rate tax

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What is the rate of the estate, gift and generation-skipping tax (the “Death Tax”)?

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Effective 2005, after utilization of a $1 Million exemption, the rate of tax is 45% and once assets have reached the size of $2 million, the rate of tax is 47%.