Estate Tax-Federal Estate Tax

TxSup asked:


More than 99% don’t pay the tax. 2.6 million die, but only 30,000 pay an estate tax. Most small businesses do not pay.

Average amount paid is between 11 and 14% of the value of the estate, after exemptions, credits and exclusions. Exemption is soon to go to 3.5 million for an individual, 7 million for a couple.

http://www.faireconomy.org/estatetax/ETMythsFacts.html

stinky – I’m in the top 1%, fyi
Estate tax puts 21 billion each year into the Treasury. We cannot afford to go further into the red.
Whoa, people are way more deluded, misinformed than I imagined.

Lottie Joeckel

Willis W asked:


Interested in the exemption, if any, and tax rate of remainder of estate when someone dies.

Val Pardo

Realestatequestion asked:


I am told that the interest payments plus the real estate taxes are itemized on Schedule A and deducted from my income.

Are there any calculation tables or programs out there which can figure out my tax bracket and savings?

I would like to figure out how much mortgage and taxes I can afford and I would think that the amount of tax savings should be a major factor. people tell me how the tax breaks are great, but I would want to calculate exactly what my savings would be just I I would calculate my monthly mortgage payment and property taxes. It seems to me people don’t seem to really calculate this before taking the plunge.

Wynona Joa

confused asked:


when my kids turn 18 they will own the trailer.I pay a lot fee every month.Ex-husband died 3 years ago & made his sister the executive of the “estate”. The tax bill has his name c/o her name with my address.

Carmine Poser

im2363 asked:


Late on paying my 2006 real estate taxes. If they are paid now (or up until “x” time), can they still be applied to this year’s tax return – or do they have to go on next years’ return?

Annamaria Mensalvas