What was the federal estate exemption in 2001?

$675,000
The exemption amount for estates was increased incrementally from $675,000 for 2001 deaths to $2 million for deaths in 2006 (Figure A). The exemption amount will increase to $3.5 mil- lion for 2009 deaths.

What is the history of the estate tax exemption?

The estate tax exemption was raised to $11.2 million, a doubling of the $5.6 million that previously existed….Exemption through the Years.

Year Exclusion Amount Highest Tax Rate
1918-1923 $50,000 25.0%
1924-1925 $50,000 40.0%
1926-1931 $100,000 20.0%
1932-1933 $50,000 45.0%

What was estate tax in 2001?

Tax Exemptions and Rates Over the Years

Year Estate Tax Exemption Top Estate Tax Rate
2001 $675,000 55%
2002 $1,000,000 50%
2003 $1,000,000 49%
2004 $1,500,000 48%

What was the federal estate tax exemption in 2000?

Federal Estate and Gift Tax Rates, Exemptions, and Exclusions, 1916-2014

Year Estate Tax Exemption Lifetime Gift Tax Exemption
1998 $625,000 $625,000
1999 $650,000 $650,000
2000-01 $675,000 $675,000
2002 $1,000,000 $1,000,000

What was the inheritance tax threshold in 2000?

£234,000
Inheritance Tax thresholds — from 18 March 1986 to 5 April 2026

From To Threshold (nil rate band)
6 April 2000 5 April 2001 £234,000
6 April 1999 5 April 2000 £231,000
6 April 1998 5 April 1999 £223,000
6 April 1997 5 April 1998 £215,000

What was the Inheritance Tax rate in 2001?

Inheritance Tax thresholds — from 18 March 1986 to 5 April 2026

From To Threshold (nil rate band)
6 April 2002 5 April 2003 £250,000
6 April 2001 5 April 2002 £242,000
6 April 2000 5 April 2001 £234,000
6 April 1999 5 April 2000 £231,000

What was the Inheritance Tax threshold in 2011?

The law allows you to leave an estate worth up to £325,000 (2012-2013) without having to pay any Inheritance Tax upon it. This £325,000 is called the ‘Nil Rate Band’. After the first £325,000 or the Nil Rate Band, the remainder of your estate will be charged 40% Inheritance Tax.