This Chart Shows How the Federal Estate Exemption Has Changed Since 1997
The exemption from federal estate taxes has gradually increased over the years while the estate tax rate has gradually decreased. Here you will find a chart that shows the increases in the exemption and decreases in the tax rate from 1997 through 2015.
If Trump Gets His Way, Real Estate Will Get Even More Tax Breaks
It’s hard to imagine a tax code more favorable to real estate developers than the one we already have. Donald Trump has come up with one. Thanks to major loopholes in the existing tax code that treat real estate developers as a special privileged class, it’s entirely possible (even likely) that Trump pays little or no federal income tax. But his new tax plan doesn’t just preserve those breaks, it piles on new ones for real estate developers like Trump himself.
Federal Income Tax Rates for the Year 2014 | about.money shows you how to do some simple tax calculations (this is not legal advice!). "Alternatively, you can use these tax rates to figure out how much tax you will save by increasing your deductions. A taxpayer in the 28% tax bracket, for example, will save 28 cents in federal tax for every dollar spent on a tax-deductible expense, such as mortgage interest or charity."
On January 2, 2013, the American Taxpayer Relief Act of 2012 (the “2012 Tax Act”) was signed into law. Under the 2012 Tax Act, the top federal estate, gift and generation-skipping transfer (GST) tax rate is 40%, representing an increase from the prior top rate of 35%.