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Tax Topics

Tax Topics

2012 Election
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Alternative Minimum Tax (AMT)
American Jobs Act of 2011
Current-Law Distribution of Taxes
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Distribution of the 2001 - 2008 Tax Cuts
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Guide to TPC Tables
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Presidential Transition - 2009
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Value-Added Tax (VAT)
Who Doesn't Pay Federal Taxes?
Working Families

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tax topics
 
The estate tax will come back into existence under pre-2001 law.

The 2001 tax cuts phased down the estate tax by raising the effective exemption—to $3.5 million in 2009—and lowering the tax rate—to 45 percent in 2009—before eliminating the tax entirely for 2010. Under current law, however, the exemption will fall to $1 million and the top tax rate will climb to 55 percent in 2011 and later years.

Returns and Liability

Distributional Tables
Current Law
By Cash Income Precentile
By Gross Estate