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The following federal estate tax exemption amounts and maximum estate tax rates are scheduled through 2011, according to current estate tax legislation, which, of course, is subject to change:
2007
$2,000,000 exemption
45% tax rate
2008
$2,000,000 exemption
45% tax rate
2009
$3,500,000 exemption
45% tax rate
2010
Estate Tax Repealed
0% tax rate
2011
$1,000,000 exemption
55% tax rate
It is anticipated that the amounts in 2011 may change, but it will take passage of an amended law in Congress to do so.
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