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Column A |
Column B |
Column C |
Column D |
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 |
---- ---- |
155,800 |
35 |
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The top gift tax rate is 35% for 2010.
Estate tax is repealed for 2010.
Gift tax lifetime exemption is $1,000,000 for 2010.
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