What is the inheritance tax in the United States?

The threshold of inheritance tax in the United States is relatively high and fluctuates according to the price index.

The American inheritance tax system belongs to the total inheritance tax system. Starting from 1976, the United States merged the inheritance tax with the gift tax. A uniform progressive tax rate is adopted, with a minimum tax rate of 8% and a maximum tax rate of 50%, the latter being applicable to taxpayers whose inheritance exceeds 25 million US dollars.

The threshold of 1999 is $650,000, and the tax rate is excessively progressive, with the highest tax rate reaching 55%.

Extended data:

American inheritance tax refers to the taxes levied by the federal government and some state governments on the estate of the deceased.

According to the different collection levels, it is divided into federal inheritance tax and state inheritance tax. The federal inheritance tax in the United States adopts the total inheritance tax system. Taking the total amount of the deceased's estate at the time of death as the tax object, the executor as the taxpayer, and the taxable estate amount as the tax basis.

Taxable inheritance is the balance of the total estate after deducting the debts, funeral and related expenses and inheritance losses of the deceased, and then deducting the amount allowed by tax laws such as marriage, charity and bequest.

The federal inheritance tax is subject to an excessive progressive tax rate of 2 1, with a minimum tax rate of 8% and a maximum tax rate of 50%.

References:

Baidu Encyclopedia-American Inheritance Tax