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Jones & Company,
Ltd.
501 Southwest Drive
Jonesboro, AR 72403
870.935.2871
New Paragould Location
109 W. Court Street, Suite B
Paragould, AR 72450
870.236.6449
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Taxable amount over |
Taxable amount not
over |
Tax on amount in Column
A |
Rate of tax on excess
over amt. in Column A - Percent |
| 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 |
150,000 |
23,800 |
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 |
.............. |
780,800 |
46 |
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The top estate and gift tax will remain constant
in 2007 when it reaches 45% where it will remain
for 2007 through 2009, the year prior to the
repeal of the estate tax.
Estate tax lifetime exemption is $2,000,000 for
2007.
Gift tax lifetime exemption is $1,000,000 for
2007.
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