|
Jones & Company,
Ltd.
501 Southwest Drive
Jonesboro, AR 72403
870.935.2871
|
|
| |
 |
|
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 |
| |
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Estate tax is repealed for 2010.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.
|
|
|
|
